Alleghany (NYSE:Y) Issues Quarterly Earnings Results

Alleghany (NYSE:YGet Rating) posted its quarterly earnings results on Thursday. The insurance provider reported $17.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $18.15 by ($0.87), Briefing.com reports. Alleghany had a net margin of 7.71% and a return on equity of 8.22%. During the same quarter in the previous year, the business earned $17.39 EPS.

Alleghany Trading Down 0.0 %

Alleghany stock traded down $0.34 during trading hours on Friday, hitting $837.20. The company had a trading volume of 42,219 shares, compared to its average volume of 122,533. Alleghany has a 1 year low of $585.10 and a 1 year high of $862.87. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a market cap of $11.26 billion, a P/E ratio of 12.41 and a beta of 0.57. The company has a 50-day moving average price of $834.17 and a two-hundred day moving average price of $783.58.

Wall Street Analysts Forecast Growth

Y has been the subject of several recent analyst reports. Keefe, Bruyette & Woods downgraded shares of Alleghany from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 20th. JMP Securities downgraded shares of Alleghany from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 19th. Finally, StockNews.com downgraded shares of Alleghany from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers raised its position in Alleghany by 6.2% during the first quarter. Cetera Investment Advisers now owns 1,952 shares of the insurance provider’s stock worth $1,653,000 after acquiring an additional 114 shares during the period. 1832 Asset Management L.P. purchased a new position in Alleghany during the first quarter worth about $1,238,000. Atria Wealth Solutions Inc. purchased a new position in shares of Alleghany in the first quarter valued at approximately $993,000. American Century Companies Inc. boosted its stake in shares of Alleghany by 23.6% in the first quarter. American Century Companies Inc. now owns 1,142 shares of the insurance provider’s stock valued at $967,000 after purchasing an additional 218 shares during the period. Finally, Walleye Capital LLC purchased a new position in shares of Alleghany in the first quarter valued at approximately $761,000. Institutional investors and hedge funds own 84.44% of the company’s stock.

Alleghany Company Profile

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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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Earnings History for Alleghany (NYSE:Y)

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