News articles about Alleghany (NYSE:Y) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Alleghany earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news stories about the insurance provider an impact score of 46.2175798895648 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
Y has been the subject of several recent analyst reports. TheStreet upgraded Alleghany from a “c+” rating to a “b” rating in a report on Monday, February 26th. Zacks Investment Research cut Alleghany from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 6th. Finally, JMP Securities reissued an “outperform” rating and set a $650.00 price target (up from $625.00) on shares of Alleghany in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $666.50.
Shares of NYSE Y traded down $16.08 during trading on Friday, reaching $592.02. The stock had a trading volume of 79,549 shares, compared to its average volume of 65,951. Alleghany has a one year low of $521.07 and a one year high of $639.42. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $9,359.52, a price-to-earnings ratio of 290.21 and a beta of 0.88.
Alleghany (NYSE:Y) last issued its quarterly earnings data on Wednesday, February 21st. The insurance provider reported $9.89 EPS for the quarter, topping the Zacks’ consensus estimate of $6.39 by $3.50. Alleghany had a return on equity of 0.38% and a net margin of 1.40%. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the business earned $7.02 EPS. equities analysts predict that Alleghany will post 32.3 earnings per share for the current year.
The firm also recently declared a special dividend, which was paid on Thursday, March 15th. Stockholders of record on Monday, March 5th were paid a $10.00 dividend. The ex-dividend date of this dividend was Friday, March 2nd.
In other news, Director William K. Lavin sold 530 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $610.38, for a total value of $323,501.40. Following the completion of the sale, the director now owns 2,735 shares in the company, valued at $1,669,389.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 4.00% of the company’s stock.
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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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