News stories about Alleghany Corporation (NYSE:Y) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alleghany Corporation earned a news impact score of 0.24 on Accern’s scale. Accern also gave media headlines about the insurance provider an impact score of 46.6739987525973 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of equities research analysts have recently weighed in on the company. BidaskClub lowered Alleghany Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Credit Suisse Group restated a “hold” rating on shares of Alleghany Corporation in a research report on Tuesday, July 11th. Finally, Zacks Investment Research lowered Alleghany Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th.
Alleghany Corporation (NYSE Y) traded down 0.72% on Monday, reaching $574.82. The company had a trading volume of 21,104 shares. Alleghany Corporation has a 12 month low of $510.52 and a 12 month high of $667.19. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 18.62 and a beta of 0.92. The firm has a 50 day moving average price of $601.89 and a 200-day moving average price of $607.44.
Alleghany Corporation (NYSE:Y) last posted its quarterly earnings results on Thursday, August 3rd. The insurance provider reported $6.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $8.10 by $1.73. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Alleghany Corporation had a return on equity of 5.70% and a net margin of 7.74%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $4.99 EPS. Analysts forecast that Alleghany Corporation will post $28.17 earnings per share for the current fiscal year.
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About Alleghany Corporation
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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