Alleghany (NYSE:Y) released its quarterly earnings data on Wednesday. The insurance provider reported $9.89 earnings per share for the quarter, beating the consensus estimate of $6.39 by $3.50, Bloomberg Earnings reports. Alleghany had a negative return on equity of 0.14% and a net margin of 0.10%. During the same period last year, the firm earned $7.02 EPS.
Alleghany (Y) traded up $2.65 during trading on Wednesday, reaching $591.74. The company’s stock had a trading volume of 35,614 shares, compared to its average volume of 74,695. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $9,070.00, a P/E ratio of 1,443.27 and a beta of 0.94. Alleghany has a 1 year low of $521.07 and a 1 year high of $667.19.
Separately, Zacks Investment Research downgraded Alleghany from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 6th.
Alleghany Corporation is an insurance holding company. The Company, through its subsidiary Alleghany Insurance Holdings LLC (AIHL) and its subsidiaries, is engaged in the property and casualty insurance business. AIHL’s insurance operations are conducted by its subsidiaries RSUI Group, Inc (RSUI), CapSpecialty, Inc (CapSpecialty) and Pacific Compensation Corporation (PacificComp).
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