Alleghany Corporation provides property and casualty reinsurance and insurance products in the United States and internationally. The company operates in two segments, Reinsurance and Insurance. The Reinsurance segment offers property reinsurance products, including fire, allied lines, auto physical damage, and homeowners multiple peril reinsurance products; and casualty and other reinsurance products, such as liability, medical malpractice, ocean marine and aviation, auto liability, accident and health, surety, and credit reinsurance products. This segment 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, management, and professional liability lines; and surety products comprising commercial and contract surety bonds, as well as workers' compensation insurance products. This segment distributes its products through independent wholesale insurance brokers, and retail and general insurance agents. The company also explores for and produces oil and gas; manufactures custom trailers and truck bodies for the moving and storage industry, and other markets; provides technical engineering services for pharmaceutical and biotechnology industries; and owns and manages improved and unimproved commercial land, and residential lots. In addition, it operates as a toy, and entertainment and musical instrument company; manufacturer/remanufacturer of specialty machine tools, as well as supplier of replacement parts, accessories, and services for various cutting technologies; structural steel fabricator and erector; and provider of products and services for the funeral and cemetery industries, and precast concrete markets. As of December 31, 2017, the company owned approximately 226 acres of property. Alleghany Corporation was founded in 1929 and is based in New York, New York.
Industry, Sector and Symbol
Industry Fire, marine, & casualty insurance
Sub-IndustryReinsurance
SectorFinance
SymbolNYSE:Y
CUSIP01717510
Phone212-752-1356
Debt
Debt-to-Equity Ratio0.18
Current Ratio0.28
Quick Ratio0.28
Price-To-Earnings
Trailing P/E Ratio287.26
Forward P/E Ratio15.98
P/E GrowthN/A
Sales & Book Value
Annual Sales$6.42 billion
Price / Sales1.40
Cash Flow$10.8489 per share
Price / Cash54.06
Book Value$553.22 per share
Price / Book1.06
Profitability
EPS (Most Recent Fiscal Year)$2.04
Net Income$90.13 million
Net Margins1.74%
Return on Equity1.12%
Return on Assets0.37%
Miscellaneous
Employees4,402
Outstanding Shares15,290,000
Alleghany (NYSE:Y) Frequently Asked Questions
What is Alleghany's stock symbol?
Alleghany trades on the New York Stock Exchange (NYSE) under the ticker symbol "Y."
How often does Alleghany pay dividends? What is the dividend yield for Alleghany?
Alleghany declared a special dividend on Friday, February 23rd. Shareholders of record on Monday, March 5th will be paid a dividend of $10.00 per share on Thursday, March 15th. The ex-dividend date of this dividend is Friday, March 2nd. View Alleghany's Dividend History.
How were Alleghany's earnings last quarter?
Alleghany Co. (NYSE:Y) issued its quarterly earnings data on Thursday, May, 3rd. The insurance provider reported $11.24 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $8.37 by $2.87. The insurance provider earned $1.59 billion during the quarter, compared to analyst estimates of $1.45 billion. Alleghany had a return on equity of 1.12% and a net margin of 1.74%. The company's revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $9.67 EPS. View Alleghany's Earnings History.
When is Alleghany's next earnings date?
What price target have analysts set for Y?
2 brokerages have issued 12-month price targets for Alleghany's shares. Their forecasts range from $650.00 to $650.00. On average, they anticipate Alleghany's share price to reach $650.00 in the next year. View Analyst Ratings for Alleghany.
What are Wall Street analysts saying about Alleghany stock?
Here are some recent quotes from research analysts about Alleghany stock:
- 1. According to Zacks Investment Research, "Alleghany’s strong performance across insurance and reinsurance operations will continue to fuel premium revenues. It strives to grow via acquisitions and organic initiatives as these not only diversify and strengthen its portfolio but also expand its international footprint. A solid balance sheet with healthy capital position supports shareholder-friendly moves and growth initiatives. It continues to expect compound book value per share growth of 7-10% over a long term. But, exposure to cat loss induces volatility in underwriting results, while rising expenses weighs on margin expansion. Also, the company has not witnessed any revisions for its 2018 and 2019 estimates. Shares of Alleghany have underperformed the industry year to date. It is set to release its first quarter results on May 3. A Zacks Rank #3 and an Earnings ESP of 0.00% make prediction difficult." (4/30/2018)
- 2. Credit Suisse Group AG analysts commented, "We see figures as positive for the sector, Vivo, & TIM and negative for Claro & Oi." (7/11/2017)
Who are some of Alleghany's key competitors?
Some companies that are related to Alleghany include Travelers Companies (TRV), Allstate (ALL), Hartford Financial Services Group (HIG), Ms&Ad Insurance Group (MSADY), Fairfax Financial Holdings Ltd Subordinate Voting Shares (FRFHF), Loews (L), Markel (MKL), XL Group (XL), Cna Financial (CNA), Cincinnati Financial (CINF), Arch Capital Group (ACGL), American Financial Group (AFG), Everest Re Group (RE), W. R. Berkley (WRB) and Validus (VR).
Who are Alleghany's key executives?
Alleghany's management team includes the folowing people:
- Mr. Weston M. Hicks, Pres, CEO & Director (Age 61)
- Mr. John Langton Sennott Jr., CPA, Sr. VP & CFO (Age 52)
- Mr. Christopher Kent Dalrymple Esq., Sr. VP, Gen. Counsel & Sec. (Age 50)
- Mr. Joseph Patrick Brandon, Exec. VP (Age 59)
- Mr. Roger Bryce Gorham, Consultant (Age 55)
Has Alleghany been receiving favorable news coverage?
News headlines about Y stock have been trending somewhat positive on Tuesday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than twenty 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 earned a news sentiment score of 0.03 on Accern's scale. They also assigned press coverage about the insurance provider an impact score of 44.92 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
Who are Alleghany's major shareholders?
Alleghany's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.43%), Boston Partners (5.14%), Franklin Resources Inc. (4.39%), First Eagle Investment Management LLC (4.30%), Victory Capital Management Inc. (3.30%) and Artisan Partners Limited Partnership (2.51%). Company insiders that own Alleghany stock include Jefferson Kirby, Phillip M Martineau and William K Lavin. View Institutional Ownership Trends for Alleghany.
Which institutional investors are selling Alleghany stock?
Y stock was sold by a variety of institutional investors in the last quarter, including Citadel Advisors LLC, Principal Financial Group Inc., Principal Financial Group Inc., Millennium Management LLC, Artisan Partners Limited Partnership, Kiltearn Partners LLP, BlackRock Inc. and DekaBank Deutsche Girozentrale. View Insider Buying and Selling for Alleghany.
Which institutional investors are buying Alleghany stock?
Y stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Boston Partners, Findlay Park Partners LLP, Franklin Resources Inc., Anchor Capital Advisors LLC, Cove Street Capital LLC, South Dakota Investment Council and Schwab Charles Investment Management Inc.. View Insider Buying and Selling for Alleghany.
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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Alleghany's stock price today?
One share of Y stock can currently be purchased for approximately $586.49.
How big of a company is Alleghany?
Alleghany has a market capitalization of $8.94 billion and generates $6.42 billion in revenue each year. The insurance provider earns $90.13 million in net income (profit) each year or $2.04 on an earnings per share basis. Alleghany employs 4,402 workers across the globe.
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.
MarketBeat Community Rating for Alleghany (Y)
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.
