$9.48 Earnings Per Share Expected for Alleghany Co. (NYSE:Y) This Quarter

Equities analysts forecast that Alleghany Co. (NYSE:Y) will announce earnings per share (EPS) of $9.48 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Alleghany’s earnings, with estimates ranging from $9.31 to $9.64. Alleghany reported earnings of $9.78 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.1%. The firm is scheduled to announce its next earnings report after the market closes on Tuesday, August 6th.

According to Zacks, analysts expect that Alleghany will report full year earnings of $37.34 per share for the current year, with EPS estimates ranging from $36.67 to $38.00. For the next year, analysts forecast that the firm will report earnings of $39.88 per share, with EPS estimates ranging from $38.25 to $41.50. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover Alleghany.

Alleghany (NYSE:Y) last announced its quarterly earnings results on Tuesday, May 7th. The insurance provider reported $9.66 earnings per share for the quarter, beating the consensus estimate of $9.51 by $0.15. Alleghany had a net margin of 4.04% and a return on equity of 2.53%. The firm had revenue of $2.32 billion for the quarter. During the same period in the previous year, the firm posted $11.24 EPS. The company’s revenue was up 46.4% compared to the same quarter last year.

Y has been the topic of a number of recent analyst reports. JMP Securities upped their target price on shares of Alleghany from $690.00 to $700.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 8th. ValuEngine raised shares of Alleghany from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Zacks Investment Research cut shares of Alleghany from a “buy” rating to a “hold” rating and set a $809.00 target price on the stock. in a research report on Sunday, July 14th. Royal Bank of Canada reaffirmed an “average” rating on shares of Alleghany in a research report on Thursday, May 16th. Finally, Deutsche Bank initiated coverage on shares of Alleghany in a research report on Thursday, May 23rd. They issued a “hold” rating and a $700.00 target price on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Alleghany has an average rating of “Buy” and an average price target of $736.33.

NYSE Y traded down $17.03 during trading hours on Monday, reaching $675.02. The company had a trading volume of 66,014 shares, compared to its average volume of 64,949. The firm has a 50-day moving average price of $693.86. Alleghany has a 1-year low of $574.42 and a 1-year high of $714.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market capitalization of $9.99 billion, a PE ratio of 41.85 and a beta of 0.66.

In other news, Director Phillip M. Martineau sold 559 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $684.53, for a total transaction of $382,652.27. Following the sale, the director now owns 3,214 shares of the company’s stock, valued at $2,200,079.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William K. Lavin sold 286 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $665.24, for a total transaction of $190,258.64. Following the sale, the director now directly owns 2,295 shares in the company, valued at approximately $1,526,725.80. The disclosure for this sale can be found here. Corporate insiders own 3.44% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Cleararc Capital Inc. purchased a new stake in shares of Alleghany during the first quarter worth approximately $228,000. Pennsylvania Trust Co purchased a new position in shares of Alleghany during the first quarter worth approximately $8,561,000. Northern Trust Corp grew its position in shares of Alleghany by 0.5% during the first quarter. Northern Trust Corp now owns 148,022 shares of the insurance provider’s stock worth $90,648,000 after acquiring an additional 671 shares during the last quarter. Toronto Dominion Bank grew its position in shares of Alleghany by 32.9% during the first quarter. Toronto Dominion Bank now owns 2,674 shares of the insurance provider’s stock worth $1,637,000 after acquiring an additional 662 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Alleghany by 0.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 56,229 shares of the insurance provider’s stock worth $34,435,000 after acquiring an additional 369 shares during the last quarter. 81.33% of the stock is currently owned by institutional investors and hedge funds.

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.

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Earnings History and Estimates for Alleghany (NYSE:Y)

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