Brokerages expect Alleghany Co. (NYSE:Y) to report $7.74 earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for Alleghany’s earnings. Alleghany posted earnings of $9.89 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 21.7%. The firm is scheduled to issue its next earnings report on Wednesday, February 20th.
On average, analysts expect that Alleghany will report full-year earnings of $27.95 per share for the current financial year. For the next year, analysts expect that the business will post earnings of $36.00 per share. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Alleghany.
Alleghany (NYSE:Y) last released its earnings results on Thursday, November 1st. The insurance provider reported ($1.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.50 by ($4.57). The business had revenue of $1.35 billion during the quarter. Alleghany had a net margin of 12.34% and a return on equity of 5.42%.
Y traded down $0.67 during midday trading on Monday, reaching $630.36. The company’s stock had a trading volume of 63,100 shares, compared to its average volume of 62,955. The firm has a market capitalization of $9.36 billion, a P/E ratio of 309.00 and a beta of 0.97. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.18. Alleghany has a twelve month low of $558.50 and a twelve month high of $659.88.
In other Alleghany news, Director William K. Lavin sold 528 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $622.84, for a total value of $328,859.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.00% of the company’s stock.
Large investors have recently made changes to their positions in the company. Legal & General Group Plc boosted its stake in Alleghany by 5.0% in the 3rd quarter. Legal & General Group Plc now owns 94,091 shares of the insurance provider’s stock valued at $61,366,000 after buying an additional 4,481 shares in the last quarter. Worldquant Millennium Quantitative Strategies LLC acquired a new stake in Alleghany in the 3rd quarter valued at $232,000. Verition Fund Management LLC acquired a new stake in Alleghany in the 3rd quarter valued at $424,000. Man Group plc boosted its stake in Alleghany by 286.8% in the 3rd quarter. Man Group plc now owns 5,671 shares of the insurance provider’s stock valued at $3,701,000 after buying an additional 4,205 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Alleghany by 12.6% in the 3rd quarter. Pacer Advisors Inc. now owns 5,378 shares of the insurance provider’s stock valued at $3,509,000 after buying an additional 602 shares in the last quarter. 81.48% of the stock is currently owned by institutional investors.
Alleghany Corporation provides property and casualty reinsurance and insurance products in the United States and internationally. The company operates in two segments, Reinsurance and Insurance. The Reinsurance segment offers property reinsurance products, including fire, allied lines, auto physical damage, and homeowners multiple peril reinsurance products; and casualty and other reinsurance products, such as liability, medical malpractice, ocean marine and aviation, auto liability, accident and health, surety, and credit reinsurance products.
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