Alleghany (NYSE:Y) posted its quarterly earnings data on Tuesday. The insurance provider reported $9.66 earnings per share for the quarter, topping the consensus estimate of $9.51 by $0.15, Briefing.com reports. The business had revenue of $2.32 billion during the quarter. Alleghany had a net margin of 0.57% and a return on equity of 2.94%. The business’s revenue for the quarter was up 46.4% compared to the same quarter last year. During the same period in the previous year, the company earned $11.24 EPS.
Alleghany stock traded up $1.96 during midday trading on Thursday, hitting $665.49. The company’s stock had a trading volume of 63,758 shares, compared to its average volume of 75,656. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.22. Alleghany has a 12 month low of $558.50 and a 12 month high of $670.82. The stock has a market cap of $9.58 billion, a PE ratio of 41.26 and a beta of 0.77.
Several equities research analysts recently weighed in on Y shares. Canaccord Genuity raised shares of Alleghany to a “buy” rating in a report on Wednesday, February 13th. Zacks Investment Research downgraded shares of Alleghany from a “buy” rating to a “hold” rating in a report on Monday, March 4th. ValuEngine upgraded shares of Alleghany from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Finally, JMP Securities boosted their price target on shares of Alleghany from $675.00 to $690.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 21st.
In other Alleghany news, Director Phillip M. Martineau sold 230 shares of the business’s stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $613.47, for a total value of $141,098.10. Following the sale, the director now directly owns 3,549 shares in the company, valued at $2,177,205.03. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William K. Lavin sold 518 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $615.56, for a total transaction of $318,860.08. Following the completion of the sale, the director now owns 2,675 shares in the company, valued at $1,646,623. The disclosure for this sale can be found here. 3.44% of the stock is currently owned by insiders.
Alleghany Company Profile
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.
Featured Story: What is an investor looking for in an SEC filing?