Alleghany (Y) Set to Announce Earnings on Thursday

Alleghany (NYSE:Y – Get Rating) will be issuing its quarterly earnings data after the market closes on Thursday, May 5th.

Alleghany (NYSE:Y – Get Rating) last announced its quarterly earnings results on Wednesday, February 23rd. The insurance provider reported $18.46 EPS for the quarter. The business had revenue of $3.56 billion for the quarter. Alleghany had a return on equity of 6.90% and a net margin of 8.62%. Alleghany’s revenue was up 33.5% compared to the same quarter last year. During the same period last year, the firm earned $6.77 EPS.

Shares of NYSE:Y opened at $836.01 on Thursday. The business’s 50 day simple moving average is $763.54 and its 200-day simple moving average is $702.73. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 11.22 and a beta of 0.67. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.33 and a quick ratio of 0.33. Alleghany has a 12 month low of $585.10 and a 12 month high of $862.87.

Large investors have recently bought and sold shares of the stock. Morgan Stanley increased its holdings in shares of Alleghany by 21.4% in the 2nd quarter. Morgan Stanley now owns 41,955 shares of the insurance provider’s stock valued at $27,986,000 after acquiring an additional 7,397 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Alleghany by 109.2% in the 4th quarter. LPL Financial LLC now owns 4,663 shares of the insurance provider’s stock valued at $3,113,000 after acquiring an additional 2,434 shares during the last quarter. MML Investors Services LLC increased its holdings in shares of Alleghany by 15.2% in the 4th quarter. MML Investors Services LLC now owns 417 shares of the insurance provider’s stock valued at $278,000 after acquiring an additional 55 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of Alleghany by 14.5% in the 4th quarter. Mackenzie Financial Corp now owns 1,403 shares of the insurance provider’s stock valued at $937,000 after acquiring an additional 178 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Alleghany by 9.0% in the 4th quarter. Sei Investments Co. now owns 9,208 shares of the insurance provider’s stock valued at $6,146,000 after acquiring an additional 762 shares during the last quarter. Institutional investors and hedge funds own 84.44% of the company’s stock.

A number of research firms recently issued reports on Y. JMP Securities lowered Alleghany from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 19th. Keefe, Bruyette & Woods lowered Alleghany from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 20th. Finally, StockNews.com lowered Alleghany from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th.

About Alleghany (Get Rating)

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.

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