News coverage about Alleghany (NYSE:Y) has trended somewhat positive on Tuesday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alleghany earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news coverage about the insurance provider an impact score of 45.8207937996345 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
Y stock traded down $3.15 on Tuesday, reaching $585.00. The company’s stock had a trading volume of 130,387 shares, compared to its average volume of 73,890. Alleghany has a 52 week low of $521.07 and a 52 week high of $639.42. The firm has a market capitalization of $9,041.54, a price-to-earnings ratio of 286.76 and a beta of 0.88. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.29 and a quick ratio of 0.29.
Alleghany (NYSE:Y) last issued its quarterly earnings data on Wednesday, February 21st. The insurance provider reported $9.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.39 by $3.50. Alleghany had a return on equity of 0.38% and a net margin of 1.40%. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the company posted $7.02 EPS. equities analysts anticipate that Alleghany will post 32.3 EPS for the current fiscal year.
A number of brokerages recently issued reports on Y. Zacks Investment Research lowered Alleghany from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 6th. JMP Securities reissued an “outperform” rating and issued a $650.00 price objective (up from $625.00) on shares of Alleghany in a report on Thursday, February 22nd. Finally, TheStreet raised Alleghany from a “c+” rating to a “b” rating in a report on Monday, February 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Alleghany has an average rating of “Buy” and an average target price of $666.50.
In related news, Director William K. Lavin sold 530 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 2,735 shares of the company’s stock, valued at approximately $1,669,389.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.00% of the company’s stock.
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Alleghany Company Profile
Alleghany Corporation provides property and casualty reinsurance and insurance products in the United States and internationally. The company operates in two segments, Reinsurance and Insurance. The Reinsurance segment offers property reinsurance products, including fire, allied lines, auto physical damage, and homeowners multiple peril reinsurance products; and casualty and other reinsurance products, such as liability, medical malpractice, ocean marine and aviation, auto liability, accident and health, surety, and credit reinsurance products.
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