Somewhat Positive Press Coverage Somewhat Unlikely to Impact Alleghany (Y) Stock Price
News stories about Alleghany (NYSE:Y) have been trending somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. 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 media sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 46.2131204143497 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Officials optimistic for city’s economic development (times-news.com)
- HAMILTON: Heather is still thankful after leaving babies in the hospital (niagara-gazette.com)
- Zacks: Alleghany Corporation (Y) Given $625.00 Average Price Target by Analysts (americanbankingnews.com)
- Millvale invites you to its Holiday Drink Tour (post-gazette.com)
- Alleghany Corp. breached its 50 day moving average in a Bearish Manner : Y-US : November 21, 2017 (finance.yahoo.com)
Alleghany (NYSE:Y) traded up $3.02 during trading on Friday, hitting $556.02. The stock had a trading volume of 27,716 shares, compared to its average volume of 67,333. Alleghany has a 52 week low of $521.07 and a 52 week high of $667.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.27 and a quick ratio of 0.27.
Alleghany (NYSE:Y) last posted its earnings results on Thursday, November 2nd. The insurance provider reported ($22.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 in the previous year, the company earned $10.09 EPS. equities analysts forecast that Alleghany will post -0.24 EPS for the current year.
Several equities analysts have recently issued reports on Y shares. BidaskClub lowered Alleghany from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. JMP Securities upgraded Alleghany from a “market perform” rating to an “outperform” rating and set a $625.00 target price for the company in a research report on Monday, September 11th. Finally, Zacks Investment Research upgraded Alleghany from a “sell” rating to a “hold” rating in a research report 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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