Alleghany (NYSE:Y) Releases Quarterly Earnings Results, Misses Estimates By $0.87 EPS

Alleghany (NYSE:YGet Rating) announced its earnings results on Thursday. The insurance provider reported $17.28 EPS for the quarter, missing the consensus estimate of $18.15 by ($0.87), Briefing.com reports. Alleghany had a return on equity of 8.22% and a net margin of 7.71%. During the same period last year, the company earned $17.39 earnings per share.

Alleghany Stock Down 0.0 %

Shares of NYSE:Y traded down $0.34 during midday trading on Friday, hitting $837.20. 42,220 shares of the company’s stock were exchanged, compared to its average volume of 80,854. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a 50 day moving average price of $834.23 and a 200-day moving average price of $784.74. The company has a market cap of $11.26 billion, a PE ratio of 12.41 and a beta of 0.57. Alleghany has a 12 month low of $585.10 and a 12 month high of $862.87.

Institutional Investors Weigh In On Alleghany

A number of institutional investors have recently added to or reduced their stakes in Y. Walleye Trading LLC bought a new stake in Alleghany in the 1st quarter worth about $269,000. Raymond James Trust N.A. lifted its stake in shares of Alleghany by 11.6% during the 1st quarter. Raymond James Trust N.A. now owns 337 shares of the insurance provider’s stock valued at $285,000 after buying an additional 35 shares in the last quarter. Prudential PLC purchased a new stake in shares of Alleghany during the 1st quarter valued at approximately $340,000. PenderFund Capital Management Ltd. purchased a new stake in shares of Alleghany during the 1st quarter valued at approximately $371,000. Finally, Point72 Hong Kong Ltd lifted its stake in shares of Alleghany by 168.6% during the 1st quarter. Point72 Hong Kong Ltd now owns 513 shares of the insurance provider’s stock valued at $435,000 after buying an additional 322 shares in the last quarter. 84.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. JMP Securities downgraded shares of Alleghany from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 19th. StockNews.com lowered shares of Alleghany from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. Finally, Keefe, Bruyette & Woods lowered shares of Alleghany from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 20th.

Alleghany Company Profile

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Alleghany Corporation provides property and casualty reinsurance and insurance products in the United States and internationally. The company operates in three segments: Reinsurance, Insurance, and Alleghany Capital. The Reinsurance segment offers fire, allied lines, auto physical damage, and homeowners multiple peril reinsurance products; and casualty and other reinsurance products, such as medical malpractice, ocean marine and aviation, accident and health, mortgage, surety, and credit reinsurance products, as well as directors' and officers', errors and omissions, general, and auto liability reinsurance.

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Earnings History for Alleghany (NYSE:Y)

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