Alleghany Corporation (NYSE:Y) posted its quarterly earnings results on Thursday. The insurance provider reported ($22.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($28.83) by $6.80, Bloomberg Earnings reports. Alleghany Corporation had a return on equity of 5.70% and a net margin of 7.74%. During the same period in the previous year, the company earned $10.09 earnings per share.
Shares of Alleghany Corporation (NYSE:Y) opened at $583.68 on Friday. The company has a market capitalization of $9.00 billion, a price-to-earnings ratio of 18.83 and a beta of 0.96. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.18. Alleghany Corporation has a fifty-two week low of $519.70 and a fifty-two week high of $667.19.
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Several research analysts have recently weighed in on the company. BidaskClub cut Alleghany Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Credit Suisse Group restated a “hold” rating on shares of Alleghany Corporation in a research note on Tuesday, July 11th. JMP Securities upgraded Alleghany Corporation from a “market perform” rating to an “outperform” rating and set a $625.00 price target for the company in a research note on Monday, September 11th. Finally, Zacks Investment Research cut Alleghany Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th.
Alleghany Corporation Company Profile
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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