Alleghany Corporation (NYSE:Y) – Investment analysts at Langen Mcalenn decreased their FY2018 EPS estimates for Alleghany Corporation in a research note issued to investors on Wednesday. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will earn $28.30 per share for the year, down from their prior estimate of $29.75.

Alleghany Corporation (NYSE:Y) last released its 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). Alleghany Corporation had a net margin of 7.74% and a return on equity of 5.70%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the firm posted $4.99 earnings per share. Alleghany Corporation’s revenue for the quarter was down 1.8% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: “FY2018 EPS Estimates for Alleghany Corporation Lowered by Langen Mcalenn (Y)” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/30/fy2018-eps-estimates-for-alleghany-corporation-lowered-by-langen-mcalenn-y.html.

A number of other analysts have also issued reports on the stock. JMP Securities raised shares of Alleghany Corporation from a “market perform” rating to an “outperform” rating and set a $625.00 price target for the company in a research report on Monday, September 11th. BidaskClub lowered shares of Alleghany Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Zacks Investment Research lowered shares of Alleghany Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Credit Suisse Group reissued a “hold” rating on shares of Alleghany Corporation in a research report on Tuesday, July 11th.

Shares of Alleghany Corporation (NYSE:Y) opened at 554.01 on Thursday. The company has a 50-day moving average of $576.42 and a 200-day moving average of $596.92. The stock has a market capitalization of $8.54 billion, a P/E ratio of 17.95 and a beta of 0.95. Alleghany Corporation has a 12-month low of $510.52 and a 12-month high of $667.19.

Large investors have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC increased its holdings in Alleghany Corporation by 9.3% in the first quarter. IHT Wealth Management LLC now owns 165 shares of the insurance provider’s stock worth $101,000 after buying an additional 14 shares during the last quarter. Financial Architects Inc increased its holdings in Alleghany Corporation by 2.9% in the second quarter. Financial Architects Inc now owns 175 shares of the insurance provider’s stock worth $104,000 after buying an additional 5 shares during the last quarter. Point72 Asia Hong Kong Ltd increased its holdings in Alleghany Corporation by 2,150.0% in the first quarter. Point72 Asia Hong Kong Ltd now owns 180 shares of the insurance provider’s stock worth $111,000 after buying an additional 172 shares during the last quarter. Toronto Dominion Bank increased its holdings in Alleghany Corporation by 11.8% in the second quarter. Toronto Dominion Bank now owns 189 shares of the insurance provider’s stock worth $112,000 after buying an additional 20 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC increased its holdings in Alleghany Corporation by 1.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 206 shares of the insurance provider’s stock worth $124,000 after buying an additional 3 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Alleghany Corporation 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).

Earnings History and Estimates for Alleghany Corporation (NYSE:Y)

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