Alleghany (Y) Releases Quarterly Earnings Results, Misses Estimates By $4.57 EPS

Alleghany (NYSE:Y) issued its quarterly earnings data on Thursday. The insurance provider reported ($1.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.50 by ($4.57), Yahoo Finance reports. The company had revenue of $1.35 billion during the quarter. Alleghany had a net margin of 4.48% and a return on equity of 3.51%.

Shares of Y stock traded down $10.91 on Friday, hitting $596.24. The company’s stock had a trading volume of 5,373 shares, compared to its average volume of 53,625. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.26 and a current ratio of 0.26. Alleghany has a fifty-two week low of $549.00 and a fifty-two week high of $659.88. The company has a market capitalization of $8.92 billion, a PE ratio of 293.50 and a beta of 0.88.

Y has been the topic of several research reports. ValuEngine upgraded shares of Alleghany from a “hold” rating to a “buy” rating in a research note on Thursday, July 26th. Zacks Investment Research downgraded shares of Alleghany from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 8th.

About Alleghany

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.

Featured Story: Risk Tolerance

Earnings History for Alleghany (NYSE:Y)

Receive News & Ratings for Alleghany Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alleghany and related companies with's FREE daily email newsletter.

Leave a Reply