Alleghany (NYSE:Y – Get Rating) released its earnings results on Thursday. The insurance provider reported $17.28 earnings per share (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 in the prior year, the business posted $17.39 EPS.
Alleghany Stock Performance
Shares of NYSE Y traded down $0.34 during midday trading on Friday, reaching $837.20. The company’s stock had a trading volume of 42,219 shares, compared to its average volume of 122,533. Alleghany has a 12-month low of $585.10 and a 12-month high of $862.87. The firm has a 50 day moving average price of $834.17 and a 200-day moving average price of $783.58. The stock has a market capitalization of $11.26 billion, a P/E ratio of 12.41 and a beta of 0.57. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.34 and a quick ratio of 0.34.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on Y shares. StockNews.com lowered Alleghany from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th. JMP Securities downgraded Alleghany from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 19th. Finally, Keefe, Bruyette & Woods downgraded Alleghany from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 20th.
Institutional Investors Weigh In On Alleghany
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.
- Get a free copy of the StockNews.com research report on Alleghany (Y)
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Why Apple Could Be At All-Time Highs By Year End
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
- BJ’s Wholesale Club Stock Has More Room to Grow
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.