Alleghany Corporation (Y) Releases Earnings Results, Beats Expectations By $1.82 EPS

Alleghany Corporation (Y) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $9.32 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $1.82. Analysts had a consensus of $7.50. Analysts expectations of $1570.10 million. During the same quarter in the previous year, the company posted $7.82 EPS.

Alleghany Corporation closed down -1.11 points or -0.21% at $517.72 with 49,027 shares getting traded on Wednesday. Post opening the session at $516.97, the shares hit an intraday low of $515 and an intraday high of $518.71 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 7, 2016, William K Lavin (director) sold 552 shares at $476.68 per share price.

Alleghany Corporation owns and manages its subsidiaries and investments in the property and casualty reinsurance and insurance business. The Company operates through two segments: reinsurance and insurance. The Company’s reinsurance segment consists of the reinsurance operations of its subsidiary Transatlantic Holdings Inc. and its reinsurance operating subsidiaries. The Company through its wholly owned subsidiary Alleghany Insurance Holdings LLC (AIHL) and its subsidiaries provides property and casualty insurance services. AIHL’s insurance operations are principally conducted by its subsidiaries RSUI Group Inc. CapSpecialty Inc. and Pacific Compensation Corporation. AIHL Re LLC a wholly owned subsidiary of the Company provides captive reinsurance to its insurance operating subsidiaries and affiliates. The Company manages sources executes and monitors certain private capital investments primarily through its wholly owned subsidiary Alleghany Capital Corporation (ACC).

Alleghany Corporation

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