Alleghany (NYSE:Y) released its quarterly earnings data on Wednesday. The insurance provider reported $9.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $6.39 by $3.50, Bloomberg Earnings reports. Alleghany had a negative return on equity of 0.14% and a net margin of 0.10%. During the same period in the prior year, the business posted $7.02 EPS.
Alleghany (NYSE:Y) opened at $591.74 on Thursday. 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 has a 12-month low of $521.07 and a 12-month high of $667.19.
Separately, Zacks Investment Research raised Alleghany from a “hold” rating to a “strong-buy” rating and set a $639.00 price objective on the stock in a research note on Tuesday, November 28th.
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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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