News articles about Alleghany Corporation (NYSE:Y) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Alleghany Corporation earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news headlines about the insurance provider an impact score of 46.4572533397646 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern’s analysis:
- Is It Time To Buy Alleghany Corporation (Y) Based Off Its PE Ratio? (finance.yahoo.com)
- Alleghany Corporation (Y) Upgraded to Outperform at JMP Securities (americanbankingnews.com)
- ETFs with exposure to Alleghany Corp. : September 9, 2017 (finance.yahoo.com)
- Alleghany Corporation (Y) Given Consensus Rating of “Strong Buy” by Brokerages (americanbankingnews.com)
A number of research analysts recently weighed in on the stock. JMP Securities upgraded shares of Alleghany Corporation from a “market perform” rating to an “outperform” rating and set a $625.00 target price on the stock in a research note on Monday. BidaskClub cut shares of Alleghany Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Zacks Investment Research cut shares of Alleghany Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Credit Suisse Group restated a “hold” rating on shares of Alleghany Corporation in a research note on Tuesday, July 11th.
Alleghany Corporation (NYSE Y) opened at 566.78 on Wednesday. The stock has a market cap of $8.74 billion, a PE ratio of 18.36 and a beta of 0.95. Alleghany Corporation has a 1-year low of $510.52 and a 1-year high of $667.19. The company’s 50 day moving average is $584.62 and its 200-day moving average is $600.46.
Alleghany Corporation (NYSE:Y) last announced its quarterly earnings results on Thursday, August 3rd. The insurance provider reported $6.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $8.10 by ($1.73). Alleghany Corporation had a return on equity of 5.70% and a net margin of 7.74%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the company posted $4.99 earnings per share. The business’s quarterly revenue was down 1.8% on a year-over-year basis. Equities research analysts forecast that Alleghany Corporation will post $28.17 earnings per share for the current fiscal year.
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About Alleghany Corporation
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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