Alleghany (Y) Getting Somewhat Positive News Coverage, Report Shows

Media headlines about Alleghany (NYSE:Y) have been trending somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Alleghany earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media headlines about the insurance provider an impact score of 45.7183514450709 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

Several brokerages have commented on Y. Zacks Investment Research upgraded Alleghany from a “sell” rating to a “hold” rating in a report on Monday, November 13th. JMP Securities upgraded Alleghany from a “market perform” rating to an “outperform” rating and set a $625.00 price target on the stock in a report on Monday, September 11th.

Alleghany (NYSE Y) traded up $3.53 during trading on Friday, reaching $589.86. The company’s stock had a trading volume of 61,446 shares, compared to its average volume of 80,292. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.18. Alleghany has a 1 year low of $521.07 and a 1 year high of $667.19. The firm has a market capitalization of $9,130.00, a price-to-earnings ratio of 1,438.68 and a beta of 0.96.

Alleghany (NYSE:Y) last announced its earnings results on Thursday, November 2nd. The insurance provider reported ($22.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($28.83) by $6.80. Alleghany had a negative return on equity of 0.14% and a net margin of 0.10%. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the company posted $10.09 earnings per share. sell-side analysts forecast that Alleghany will post -0.24 EPS for the current fiscal year.

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About Alleghany

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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