NYSE:YAlleghany Stock Price, Forecast & News

$551.54

+4.31 (+0.79 %)

(As of 06/4/2020 03:53 PM ET)

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Today's Range

$532.68

Now: $551.54▼

$552.87

50-Day Range

$451.86

MA: $515.52▼

$567.75

52-Week Range

$426.87

Now: $551.54▼

$847.95

Volume5,810 shs

Average Volume74,226 shs

Market Capitalization$7.89 billion

P/E Ratio165.13

Dividend YieldN/A

Beta0.63

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, management, 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 manufacturer/remanufacturer of specialty machine tools, as well as 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 provides technical engineering 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, 2018, it owned approximately 125 acres of property. Alleghany Corporation was founded in 1929 and is based in New York, New York.

Beat the Market (BTM) Rank^™

1.3 Analyst's Opinion

Consensus Rating
Alleghany has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $537.00, Alleghany has a potential downside of 2.6% from its current price of $551.54.
Amount of Analyst Coverage
Alleghany has only been the subject of 2 research reports in the past 90 days.

2.6 Community Rank

Outperform Votes
Alleghany has received 297 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Alleghany has received 267 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Alleghany has received 52.66% “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.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Alleghany insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.20% of the stock of Alleghany is held by insiders.
Percentage Held by Institutions
81.86% 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 40.34% in the coming year, from $29.25 to $41.05 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Alleghany is 165.13, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.29.
Price to Earnings Ratio vs. Sector
The P/E ratio of Alleghany is 165.13, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 20.00.
Price to Book Value per Share Ratio
Alleghany has a P/B Ratio of 0.90. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.49 out of 5 stars

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

Debt

Debt-to-Equity Ratio0.19

Current Ratio0.33

Quick Ratio0.33

Price-To-Earnings

Trailing P/E Ratio165.13

Forward P/E Ratio18.86

P/E GrowthN/A

Sales & Book Value

Annual Sales$9.04 billion

Price / Sales0.87

Cash Flow$33.82 per share

Price / Cash Flow16.31

Book Value$609.78 per share

Price / Book0.90

Profitability

EPS (Most Recent Fiscal Year)$23.77

Net Income$857.80 million

Net Margins0.69%

Return on Equity3.26%

Return on Assets1.06%

Miscellaneous

Employees10,786

Outstanding Shares14,310,000

Market Cap$7.89 billion

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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Alleghany (NYSE:Y) Frequently Asked Questions

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

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 (WHO). Since then, Y stock has decreased by 5.2% and is now trading at $551.54. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Alleghany?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alleghany in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Alleghany.

When is Alleghany's next earnings date?

Alleghany is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Alleghany.

How were Alleghany's earnings last quarter?

Alleghany Co. (NYSE:Y) issued its quarterly earnings data on Tuesday, May, 5th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $7.95 by $2.96. The insurance provider had revenue of $2.02 billion for the quarter. Alleghany had a net margin of 0.69% and a return on equity of 3.26%. View Alleghany's earnings history.

What price target have analysts set for Y?

3 analysts have issued twelve-month price targets for Alleghany's shares. Their forecasts range from $61.00 to $850.00. On average, they expect Alleghany's share price to reach $537.00 in the next year. This suggests that the stock has a possible downside of 2.6%. View analysts' price targets for Alleghany.

Has Alleghany been receiving favorable news coverage?

News coverage about Y stock has been trending somewhat negative this week, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Alleghany earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave headlines about the insurance provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near term. View the latest news aboutAlleghany.

Are investors shorting Alleghany?

Alleghany saw a increase in short interest in May. As of May 15th, there was short interest totaling 118,900 shares, an increase of 8.7% from the April 30th total of 109,400 shares. Based on an average daily volume of 77,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.9% of the company's stock are sold short. View Alleghany's Current Options Chain.

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), Maiden (MHLD) and Partnerre (PRE.PH). View all 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 Gilead Sciences (GILD), Pfizer (PFE), Applied Materials (AMAT), Walt Disney (DIS), JPMorgan Chase & Co. (JPM), Altria Group (MO), AT&T (T), Cisco Systems (CSCO), Alphabet (GOOG) and IBM (IBM).

Who are Alleghany's key executives?

Alleghany's management team includes the following people:

Mr. Weston M. Hicks CFA, Pres, CEO & Director (Age 62)
Mr. John Langton Sennott Jr., CPA, Sr. VP & CFO (Age 53)
Mr. Christopher Kent Dalrymple Esq., Sr. VP, Gen. Counsel & Sec. (Age 51)
Mr. Joseph Patrick Brandon, Exec. VP (Age 60)
Mr. Jerry Gennaro Borrelli, VP of Fin. & Chief Accounting Officer (Age 53)

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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.12%), First Eagle Investment Management LLC (4.23%), State Street Corp (3.94%), Franklin Resources Inc. (3.86%), Victory Capital Management Inc. (3.49%) and JPMorgan Chase & Co. (2.40%). Company insiders that own Alleghany stock include 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 AJO LP, BlackRock Inc., London Co. of Virginia, Principal Financial Group Inc., UBS Group AG, First Trust Advisors LP, JPMorgan Chase & Co., and WINTON GROUP Ltd. View insider buying and selling activity for Alleghany.

Which major investors are buying Alleghany stock?

Y stock was bought by a variety of institutional investors in the last quarter, including Sound Shore Management Inc. CT, Victory Capital Management Inc., PGGM Investments, FDx Advisors Inc., FDx Advisors Inc., Swiss National Bank, State Street Corp, and Sumitomo Mitsui Trust Holdings Inc.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Alleghany's stock price today?

One share of Y stock can currently be purchased for approximately $551.54.

How big of a company is Alleghany?

Alleghany has a market capitalization of $7.89 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 6/4/2020 by MarketBeat.com Staff