Alleghany Corporation (Y) Releases Earnings Results, Misses Expectations By $-1.08 EPS

Alleghany Corporation (Y) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $4.99 earnings per share for the quarter, missing the analyst consensus estimate by $-1.08. Analysts had a consensus of $6.07. The company posted revenue of $1582.03 million in the period, compared to analysts expectations of $108.40 million. The company’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $11.40 EPS.

Alleghany Corporation closed down -5.33 points or -0.97% at $543.5 with 39,268 shares getting traded on Friday. Post opening the session at $550.35, the shares hit an intraday low of $543.13 and an intraday high of $550.35 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on May 11, 2016, William K Lavin (director) sold 336 shares at $520.51 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

Leave a Reply

Alleghany Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Alleghany Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.