Alleghany (NYSE:Y) posted its quarterly earnings results on Tuesday. The insurance provider reported $7.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.08 by $1.53, Fidelity Earnings reports. The company had revenue of $1.53 billion for the quarter. Alleghany had a net margin of 3.86% and a return on equity of 2.88%. During the same quarter in the prior year, the business earned $7.61 earnings per share.
Shares of Y stock opened at $776.44 on Thursday. Alleghany has a 12-month low of $577.59 and a 12-month high of $808.50. The company has a market capitalization of $10.94 billion, a P/E ratio of 48.14 and a beta of 0.60. The firm has a 50-day moving average price of $775.75 and a 200 day moving average price of $720.39. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.20.
Several analysts have issued reports on the stock. Zacks Investment Research lowered shares of Alleghany from a “buy” rating to a “hold” rating and set a $809.00 price target on the stock. in a research report on Sunday, July 14th. ValuEngine lowered shares of Alleghany from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Deutsche Bank upgraded shares of Alleghany from a “hold” rating to a “buy” rating and lifted their target price for the company from $735.00 to $900.00 in a research report on Wednesday, September 4th. Credit Suisse Group set a $61.00 target price on shares of Alleghany and gave the company a “hold” rating in a research report on Friday, August 30th. Finally, JMP Securities lifted their target price on shares of Alleghany from $775.00 to $875.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Alleghany has an average rating of “Hold” and an average target price of $661.25.
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.
Read More: How does new data get added to a blockchain?
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 MarketBeat.com's FREE daily email newsletter.