Alleghany - Y Stock Forecast, Price & News

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. 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, umbrella/excess, general, directors' and officers', and professional liability lines; surety products comprising commercial and contract surety bonds; and workers' compensation insurance products. This segment 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; design, engineering, procurement, construction management, and validation 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 toy and musical instrument company, and structural steel fabricator and erector. The company also owns and manages improved and unimproved commercial land, and residential lots. As of December 31, 2021, it owned approximately 77 acres of property. The company was founded in 1929 and is based in New York, New York.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. JMP Securities downgraded Alleghany from an "outperform" rating to a "market perform" rating in a research report on Tuesday, April 19th. Keefe, Bruyette & Woods cut Alleghany from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 20th.

Alleghany Stock Performance

Alleghany stock traded up $1.40 during trading on Friday, reaching $838.50. The company had a trading volume of 43,047 shares, compared to its average volume of 120,282. The firm's 50-day simple moving average is $834.50 and its 200 day simple moving average is $789.73. The firm has a market capitalization of $11.28 billion, a price-to-earnings ratio of 32.57 and a beta of 0.57. Alleghany has a 52 week low of $585.10 and a 52 week high of $862.87. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.30.

Alleghany (NYSE:Y - Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The insurance provider reported $17.28 EPS for the quarter, missing analysts' consensus estimates of $18.15 by ($0.87). Alleghany had a net margin of 3.03% and a return on equity of 8.41%. During the same period in the prior year, the business earned $17.39 EPS.