News headlines about Alleghany (NYSE:Y) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alleghany earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news stories about the insurance provider an impact score of 46.1036009011375 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Allegany County Court report: Belmont sex offender sentenced to probation for child porn (oleantimesherald.com)
- If you live in Beaver County, today isn’t an election day: Special election is in neighboring congressional district (timesonline.com)
- 4 more die of flu complications in Allegheny County, bringing total to 25 (triblive.com)
- Allegheny County men arrested on drug-related felonies in Mt. Pleasant (dailycourier.com)
- PA Department of Health: HIV, gonorrhea diagnoses on the rise in Beaver County (timesonline.com)
Several analysts have recently weighed in on the company. TheStreet upgraded Alleghany from a “c+” rating to a “b” rating in a research report on Monday, February 26th. Zacks Investment Research upgraded Alleghany from a “hold” rating to a “strong-buy” rating and set a $639.00 price objective for the company in a report on Tuesday, November 28th. Finally, JMP Securities reiterated an “outperform” rating and issued a $650.00 target price (up from $625.00) on shares of Alleghany in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Alleghany currently has an average rating of “Buy” and an average price target of $666.50.
Shares of Alleghany (NYSE:Y) traded up $0.82 during midday trading on Wednesday, reaching $629.59. The company had a trading volume of 5,360 shares, compared to its average volume of 70,841. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17. Alleghany has a 52-week low of $521.07 and a 52-week high of $645.99. The stock has a market capitalization of $9,673.35, a price-to-earnings ratio of 118.23 and a beta of 0.93.
Alleghany (NYSE:Y) last announced its earnings results on Wednesday, February 21st. The insurance provider reported $9.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $6.39 by $3.50. Alleghany had a return on equity of 0.38% and a net margin of 1.40%. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the company posted $7.02 EPS. sell-side analysts anticipate that Alleghany will post 32.3 earnings per share for the current year.
The business also recently announced a special dividend, which will be paid on Thursday, March 15th. Shareholders of record on Monday, March 5th will be issued a $10.00 dividend. The ex-dividend date of this dividend is Friday, March 2nd.
In other news, Director William K. Lavin sold 530 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $610.38, for a total transaction of $323,501.40. Following the completion of the transaction, the director now directly owns 2,735 shares in the company, valued at approximately $1,669,389.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.04% of the stock is owned by corporate insiders.
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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