A number of research firms have changed their ratings and price targets for Alleghany Corporation (NYSE: Y):

  • 8/10/2017 – Alleghany Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/31/2017 – Alleghany Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/27/2017 – Alleghany Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of the Alleghany have underperformed the industry year to date. Escalating expenses weighing on margin expansion concern. Also, exposure to catastrophe environment induces underwriting volatility. Investment results too remain depressed owing to the still low interest rate. Estimates were revised down ahead of the earnings. Also Zacks Rank #4 when combined with Earnings ESP of 0.00% makes prediction difficult for a likely beat on when it reports second quarter results on Aug 3. Nonetheless, Alleghany’s strong performance across insurance and reinsurance operations will continue to fuel premium revenues. It strives to grow via acquisitions and organic initiatives as these not only diversify and strengthen its portfolio but also expand its international footprint. A solid balance sheet with healthy capital position supports shareholder-friendly moves and growth initiatives.”
  • 7/25/2017 – Alleghany Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/16/2017 – Alleghany Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/11/2017 – Alleghany Corporation had its “hold” rating reaffirmed by analysts at Credit Suisse Group. They wrote, “We see figures as positive for the sector, Vivo, & TIM and negative for Claro & Oi.””
  • 6/30/2017 – Alleghany Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/23/2017 – Alleghany Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/13/2017 – Alleghany Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Alleghany Corporation (Y) opened at 593.15 on Friday. The company has a 50-day moving average price of $602.75 and a 200-day moving average price of $608.80. Alleghany Corporation has a 12-month low of $510.52 and a 12-month high of $667.19. The stock has a market capitalization of $9.15 billion, a PE ratio of 19.22 and a beta of 0.92.

Alleghany Corporation (NYSE:Y) last issued its quarterly earnings results on Thursday, August 3rd. The insurance provider reported $6.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.10 by $1.73. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Alleghany Corporation had a return on equity of 5.70% and a net margin of 7.74%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.99 EPS. Analysts expect that Alleghany Corporation will post $28.68 earnings per share for the current fiscal year.

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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