Headlines about Alleghany (NYSE:Y) have been trending somewhat positive on Thursday, Accern Sentiment reports. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Alleghany earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news articles about the insurance provider an impact score of 45.7128916224562 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
Separately, Zacks Investment Research upgraded shares of Alleghany from a “hold” rating to a “strong-buy” rating and set a $683.00 price target for the company in a report on Sunday, January 21st.
Shares of Alleghany (NYSE Y) opened at $627.70 on Thursday. The firm has a market cap of $9,660.00, a PE ratio of 1,530.98 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.27 and a current ratio of 0.27.
Alleghany (NYSE:Y) last released its earnings results on Thursday, November 2nd. The insurance provider reported ($22.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($28.83) by $6.80. Alleghany had a net margin of 0.10% and a negative return on equity of 0.14%. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the firm earned $10.09 earnings per share. analysts forecast that Alleghany will post -0.24 EPS for the current fiscal year.
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Alleghany Company Profile
Alleghany Corporation is an insurance holding company. The Company, through its subsidiary Alleghany Insurance Holdings LLC (AIHL) and its subsidiaries, is engaged in the property and casualty insurance business. AIHL’s insurance operations are conducted by its subsidiaries RSUI Group, Inc (RSUI), CapSpecialty, Inc (CapSpecialty) and Pacific Compensation Corporation (PacificComp).
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