Revenue Update on Alleghany Corporation(NYSE:Y)

Alleghany Corporation(NYSE:Y) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $1.239B. Analysts estimated a revenue of $1.280B. The revenues were -3.2% below the estimates. Earnings per share were $7.02. The reported EPS was above estimates by 18.58%. Analysts had estimated an EPS of $5.92.

Alleghany Corporation (Y) made into the market gainers list on Wednesdays trading session with the shares advancing 0.52% or 3.35 points. Due to strong positive momentum, the stock ended at $643.7, which is also near the day’s high of $645.56. The stock began the session at $643.96 and the volume stood at 50,161 shares. The 52-week high of the shares is $645.56 and the 52 week low is $453.772. The company has a current market capitalization of $9,925 M and it has 1,54,19,275 shares in outstanding.

Several Insider Transactions has been reported to the SEC. 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).

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