NYSE:Y

Alleghany Stock Forecast, Price & News

$591.54

-17.83 (-2.93 %)

(As of 01/21/2021 12:00 AM ET)

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Today's Range

$591.44

Now: $591.54▼

$610.78

50-Day Range

$582.90

MA: $604.77▼

$639.24

52-Week Range

$426.87

Now: $591.54▼

$847.95

Volume56,675 shs

Average Volume64,075 shs

Market Capitalization$8.36 billion

P/E RatioN/A

Dividend YieldN/A

Beta0.67

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. It distributes its products and services through brokers, as well as directly to insurance and reinsurance companies. The Insurance segment underwrites specialty insurance coverages in the property, as well as umbrella/excess, general, directors' and officers', and professional liability lines; surety products comprising commercial and contract surety bonds; and workers' compensation insurance products. It distributes its products through independent wholesale insurance brokers, and retail and general insurance agents. The Alleghany Capital segment provides precision automated machine tool solutions; manufactures custom trailers and truck bodies for the moving and storage industry, and other markets; and operates as a toy, and entertainment and musical instrument company. It also offers various services for pharmaceutical and biotechnology industries; products and services for the funeral and cemetery industries, and precast concrete markets; and hotel management and development services, as well as operates as a structural steel fabricator and erector. The company also explores for and produces oil; and owns and manages improved and unimproved commercial land, and residential lots. As of December 31, 2019, it owned approximately 95 acres of property. The company was founded in 1929 and is based in New York, New York.

MarketRank^™

Overall MarketRank^™

2.22 out of 5 stars

Finance Sector

118th out of 1,942 stocks

Fire, Marine, & Casualty Insurance Industry

12th out of 91 stocks

3.5 Analyst's Opinion

Consensus Rating
Alleghany has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $825.00, Alleghany has a forecasted upside of 39.5% from its current price of $591.54.
Amount of Analyst Coverage
Alleghany has only been the subject of 1 research reports in the past 90 days.

2.6 Community Rank

Outperform Votes
Alleghany has received 301 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Alleghany has received 272 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Alleghany has received 52.53% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Alleghany and other stocks. Vote “Outperform” if you believe Y will outperform the S&P 500 over the long term. Vote “Underperform” if you believe Y will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Alleghany does not currently pay a dividend.
Dividend Growth
Alleghany does not have a long track record of dividend growth.

2.5 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Alleghany insiders have bought more of their company's stock than they have sold. Specifically, they have bought $31,987.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 3.20% of the stock of Alleghany is held by insiders.
Percentage Held by Institutions
86.70% of the stock of Alleghany is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Alleghany are expected to grow by 450.35% in the coming year, from $7.15 to $39.35 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Alleghany is -125.06, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Alleghany is -125.06, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Alleghany has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Fire, marine, & casualty insurance

Sub-IndustryReinsurance

SectorFinance

Current SymbolNYSE:Y

Previous Symbol

CUSIP01717510

CIK775368

Webwww.alleghany.com

Phone212-752-1356

Employees10,786

Debt

Debt-to-Equity Ratio0.24

Current Ratio0.37

Quick Ratio0.37

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio82.73

P/E GrowthN/A

Sales & Book Value

Annual Sales$9.04 billion

Price / Sales0.92

Cash Flow$35.17 per share

Price / Cash Flow16.82

Book Value$609.78 per share

Price / Book0.97

Profitability

EPS (Most Recent Fiscal Year)$23.77

Net Income$857.80 million

Net Margins-0.76%

Return on Equity1.32%

Return on Assets0.42%

Miscellaneous

Outstanding Shares14,130,000

Market Cap$8.36 billion

Next Earnings Date2/17/2021 (Estimated)

OptionableOptionable

$591.54

-17.83 (-2.93 %)

(As of 01/21/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Alleghany (NYSE:Y) Frequently Asked Questions

How has Alleghany's stock been impacted by Coronavirus (COVID-19)?

Alleghany's stock was trading at $582.00 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, Y shares have increased by 1.6% and is now trading at $591.54.
View which stocks have been most impacted by COVID-19.

Is Alleghany a buy right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alleghany in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Alleghany stock.
View analyst ratings for Alleghany or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Alleghany?

Wall Street analysts have given Alleghany a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Alleghany wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Larry J. Merlo's approval rating as Alleghany's CEO?

6,978 employees have rated Alleghany CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Alleghany's employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

When is Alleghany's next earnings date?

Alleghany is scheduled to release its next quarterly earnings announcement on Wednesday, February 17th 2021.
View our earnings forecast for Alleghany.

How were Alleghany's earnings last quarter?

Alleghany Co. (NYSE:Y) issued its quarterly earnings data on Sunday, November, 8th. The insurance provider reported $3.23 EPS for the quarter, beating the Zacks' consensus estimate of ($1.76) by $4.99. The insurance provider earned $2.52 billion during the quarter. Alleghany had a negative net margin of 0.76% and a positive return on equity of 1.32%. The business's quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the company posted $7.61 EPS.
View Alleghany's earnings history.

What price target have analysts set for Y?

2 brokerages have issued 1-year price objectives for Alleghany's stock. Their forecasts range from $800.00 to $850.00. On average, they anticipate Alleghany's share price to reach $825.00 in the next twelve months. This suggests a possible upside of 39.5% from the stock's current price.
View analysts' price targets for Alleghany or view Wall Street analyst' top-rated stocks.

Are investors shorting Alleghany?

Alleghany saw a drop in short interest in the month of December. As of December 31st, there was short interest totaling 100,500 shares, a drop of 14.7% from the December 15th total of 117,800 shares. Based on an average trading volume of 67,200 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.7% of the shares of the stock are sold short.
View Alleghany's Short Interest.

Who are some of Alleghany's key competitors?

Some companies that are related to Alleghany include Everest Re Group (RE), RenaissanceRe (RNR), Reinsurance Group of America (RGA), Enstar Group (ESGR), Greenlight Capital Re (GLRE) and Maiden (MHLD).
View all of Y's competitors.

What other stocks do shareholders of Alleghany own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Alleghany investors own include The Walt Disney (DIS), Pfizer (PFE), Gilead Sciences (GILD), AbbVie (ABBV), Applied Materials (AMAT), Cisco Systems (CSCO), Intel (INTC), Johnson & Johnson (JNJ), Abbott Laboratories (ABT) and International Business Machines (IBM).

Who are Alleghany's key executives?

Alleghany's management team includes the following people:

Mr. Weston M. Hicks CFA, Pres, CEO & Director (Age 63, Pay $4.48M)
Ms. Kerry Josephine Jacobs, Sr. VP, CFO & Chief Risk Officer (Age 41, Pay $890.42k)
Mr. Christopher Kent Dalrymple Esq., Sr. VP, Gen. Counsel & Sec. (Age 52, Pay $1.55M)
Mr. Joseph Patrick Brandon, Exec. VP (Age 61, Pay $2.88M)
Mr. John Langton Sennott Jr., CPA, Pres & CEO of CapSpecialty, Inc. (Age 54, Pay $946.05k)
Mr. John Francis Shannon, Sr. VP & Chief Investment Officer
Mr. Jerry Gennaro Borrelli, VP of Fin. & Chief Accounting Officer (Age 54)
Mr. Dale James, VP of Corp. Fin.
Ms. Stela Burghart, VP,Chief Compliance Officer, Associate Gen. Counsel & Assistant Sec.
Mr. Peter R. Sismondo, VP, Controller & Assistant Sec. (Age 64)

What is Alleghany's stock symbol?

Alleghany trades on the New York Stock Exchange (NYSE) under the ticker symbol "Y."

Who are Alleghany's major shareholders?

Alleghany's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Granite Investment Advisors LLC (0.08%), State of Alaska Department of Revenue (0.05%), Beacon Financial Group (0.01%), Pacer Advisors Inc. (0.01%), IFM Investors Pty Ltd (0.01%) and Crossmark Global Holdings Inc. (0.01%). Company insiders that own Alleghany stock include Kerry J Jacobs, Phillip M Martineau and William K Lavin.
View institutional ownership trends for Alleghany.

Which major investors are selling Alleghany stock?

Y stock was sold by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., State of Alaska Department of Revenue, and Beacon Financial Group.
View insider buying and selling activity for Alleghany or view top insider-selling stocks.

Which major investors are buying Alleghany stock?

Y stock was acquired by a variety of institutional investors in the last quarter, including Kestra Advisory Services LLC, Salvus Wealth Management LLC, Uncommon Cents Investing LLC, IFM Investors Pty Ltd, Crossmark Global Holdings Inc., ELM Advisors LLC, and Granite Investment Advisors LLC.
View insider buying and selling activity for Alleghany or or view top insider-buying stocks.

How do I buy shares of Alleghany?

Shares of Y can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Alleghany's stock price today?

One share of Y stock can currently be purchased for approximately $591.54.

How big of a company is Alleghany?

Alleghany has a market capitalization of $8.36 billion and generates $9.04 billion in revenue each year. The insurance provider earns $857.80 million in net income (profit) each year or $23.77 on an earnings per share basis. Alleghany employs 10,786 workers across the globe.

What is Alleghany's official website?

The official website for Alleghany is www.alleghany.com.

How can I contact Alleghany?

Alleghany's mailing address is 1411 BROADWAY 34TH FLOOR, NEW YORK NY, 10018. The insurance provider can be reached via phone at 212-752-1356.

This page was last updated on 1/22/2021 by MarketBeat.com Staff

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