TheStreet downgraded shares of Alleghany Corp. (NYSE:Y) from a buy rating to a hold rating in a report issued on Friday, Stock Ratings Network.com reports.
“Alleghany (Y) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.,” the firm’s analyst commented.
Shares of Alleghany Corp. (NYSE:Y) opened at 394.10 on Friday. Alleghany Corp. has a one year low of $326.02 and a one year high of $420.89. The stock’s 50-day moving average is $399.2 and its 200-day moving average is $396.9. The company has a market cap of $6.607 billion and a price-to-earnings ratio of 20.08.
Alleghany Corp. (NYSE:Y) last announced its earnings results on Monday, November 4th. The company reported $6.75 earnings per share for the quarter. On average, analysts predict that Alleghany Corp. will post $29.09 earnings per share for the current fiscal year.
Alleghany Corporation (NYSE:Y) is engaged, through Alleghany Insurance Holdings LLC (AIHL) and its subsidiaries RSUI Group, Inc (RSUI), Capitol Transamerica Corporation (CATA) and Pacific Compensation Corporation (PCC), in the property and casualty and surety insurance business.
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