Alleghany Co. (Y) Expected to Post FY2018 Earnings of $31.35 Per Share
Alleghany Co. (NYSE:Y) – Equities researchers at Langen Mcalenn boosted their FY2018 earnings per share estimates for Alleghany in a research report issued to clients and investors on Tuesday. Langen Mcalenn analyst L. Greenberg now forecasts that the insurance provider will earn $31.35 per share for the year, up from their prior estimate of $28.30.
Alleghany (NYSE:Y) last posted its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($22.03) earnings per share for the quarter, beating the consensus estimate of ($28.83) by $6.80. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Alleghany had a net margin of 0.10% and a negative return on equity of 0.14%. During the same quarter last year, the company posted $10.09 EPS.
Alleghany (NYSE Y) traded down $3.91 on Friday, reaching $589.73. 126,000 shares of the company’s stock traded hands, compared to its average volume of 78,733. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.18. The firm has a market cap of $9,110.00, a PE ratio of 1,438.37 and a beta of 0.96. Alleghany has a 52-week low of $521.07 and a 52-week high of $667.19.
Several hedge funds and other institutional investors have recently modified their holdings of the company. YorkBridge Wealth Partners LLC boosted its stake in Alleghany by 1.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 206 shares of the insurance provider’s stock worth $124,000 after acquiring an additional 3 shares during the last quarter. Toronto Dominion Bank boosted its stake in Alleghany by 11.8% during the 2nd quarter. Toronto Dominion Bank now owns 189 shares of the insurance provider’s stock worth $112,000 after acquiring an additional 20 shares during the last quarter. Bank of Hawaii boosted its stake in Alleghany by 3.8% during the 2nd quarter. Bank of Hawaii now owns 1,542 shares of the insurance provider’s stock worth $917,000 after acquiring an additional 56 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in Alleghany by 1.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,620 shares of the insurance provider’s stock worth $2,748,000 after acquiring an additional 69 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its stake in Alleghany by 5.5% during the 2nd quarter. Suntrust Banks Inc. now owns 1,556 shares of the insurance provider’s stock worth $924,000 after acquiring an additional 81 shares during the last quarter. 82.22% of the stock is currently owned by institutional investors.
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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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