Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Alleghany (Y) Share Price
News articles about Alleghany (NYSE:Y) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Alleghany earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned news headlines about the insurance provider an impact score of 45.5967279477139 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Medical Examiner: 2 Found Dead in Stairwell Died of Gunshots (usnews.com)
- Can Graffiti Pier’s enduring allure last? (philly.curbed.com)
- DCNR awards $1.1M to regional projects (altoonamirror.com)
- Analysts Expect Alleghany Corporation (Y) to Post $7.58 Earnings Per Share (americanbankingnews.com)
Shares of Alleghany (NYSE Y) traded down $2.54 during trading on Tuesday, reaching $582.96. 92,241 shares of the company’s stock traded hands, compared to its average volume of 52,976. Alleghany has a one year low of $521.07 and a one year high of $667.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.27 and a current ratio of 0.27.
Alleghany (NYSE:Y) last announced its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($22.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($28.83) by $6.80. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.36 billion. Alleghany had a net margin of 0.10% and a negative return on equity of 0.14%. During the same period in the prior year, the firm posted $10.09 earnings per share. analysts anticipate that Alleghany will post -0.24 EPS for the current fiscal year.
Several equities analysts have commented on Y shares. JMP Securities upgraded shares of Alleghany from a “market perform” rating to an “outperform” rating and set a $625.00 price target on the stock in a research note on Monday, September 11th. Zacks Investment Research upgraded shares of Alleghany from a “sell” rating to a “hold” rating in a research note on Monday, November 13th.
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Alleghany 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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