Alleghany Corporation provides property and casualty reinsurance and insurance products in the United States and internationally. The company operates in three segments: Reinsurance, Insurance, and Alleghany Capital. The Reinsurance segment offers fire, allied lines, auto physical damage, and homeowners multiple peril reinsurance products; and casualty and other reinsurance products, such as medical malpractice, ocean marine and aviation, accident and health, mortgage, surety, and credit reinsurance products, as well as directors' and officers', errors and omissions, general, and auto liability reinsurance. It distributes its products and services through brokers, as well as directly to insurance and reinsurance companies. The Insurance segment underwrites specialty insurance coverages in the property, as well as umbrella/excess, general, directors' and officers', and professional liability lines; surety products comprising commercial and contract surety bonds; and workers' compensation insurance products. It distributes its products through independent wholesale insurance brokers, and retail and general insurance agents. The Alleghany Capital segment provides precision automated machine tool solutions; manufactures custom trailers and truck bodies for the moving and storage industry, and other markets; and operates as a toy, and entertainment and musical instrument company. It also offers various services for pharmaceutical and biotechnology industries; products and services for the funeral and cemetery industries, and precast concrete markets; and hotel management and development services, as well as operates as a structural steel fabricator and erector. The company also owns and manages improved and unimproved commercial land, and residential lots. As of December 31, 2020, it owned approximately 106 acres of property. The company was founded in 1929 and is based in New York, New York.
IPO Year:
Exchange: NYSE
Website: alleghany.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/21/2022 | $815.00 | Outperform | Keefe Bruyette |
| 8/6/2021 | $775.00 → $800.00 | Market Outperform | JMP Securities |
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Jack Sennott to Step Down; Adam Sills Named President and CEO CapSpecialty, a wholly-owned subsidiary of Alleghany Corporation (NYSE:Y), today announced that Jack Sennott is stepping down from his roles as CEO, President and Chair, effective August 31. Alleghany has named Adam Sills, currently CapSpecialty's Head of Specialty Underwriting, as President and CEO. "Over the course of the past 20 years, Jack held several important roles for Alleghany including CFO of Darwin Professional Underwriters, CFO of Alleghany and most recently CEO of CapSpecialty. In each role, Jack made a meaningful difference and added significant value. I want to thank Jack for his leadership and many contributions
NEW YORK, March 3, 2021 /PRNewswire/ -- Alleghany Corporation (NYSE: Y) announced today that Weston M. Hicks, President and Chief Executive Officer, has elected to retire as Chief Executive Officer and a director of Alleghany at year-end 2021. Joseph P. Brandon, currently Executive Vice President, will succeed Mr. Hicks as Chief Executive Officer and be appointed to the Board of Directors, effective at year-end 2021. Mr. Brandon will succeed Mr. Hicks as President of Alleghany, effective April 23, 2021 upon the conclusion of Alleghany's 2021 Annual Meeting of Stockholders. Ms. Kerry J. Jacobs, currently Senior Vice President and Chief Financial Officer, will succeed Mr. Brandon as Executi
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Nominee Offers Investor and Public Company Director Perspective and Extensive Automotive Aftermarket Experience Motorcar Parts of America, Inc. (NASDAQ:MPAA) today announced that its board of directors intends to nominate F. Jack Liebau, Jr. to stand for election to the company's board at the company's 2024 annual meeting of shareholders, in furtherance of the board's commitment to refreshment. Mr. Liebau is an accomplished investor and public company director. He has nearly 40 years of experience investing in public companies for leading institutional asset managers, including Primecap Management Company, The Capital Group, Davis Funds and Roundwood Asset Management, where he served as
AM Best has placed under review with positive implications the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa-" (Superior) of Transatlantic Reinsurance Company (New York, NY) and its subsidiaries (collectively referred to as TransRe). In addition, AM Best has placed under review with positive implications the Long-Term ICRs and the Long-Term Issue Credit Ratings (Long-Term IRs) of "a-" (Excellent) of Alleghany Corporation (Alleghany) (NYSE:Y) and Transatlantic Holdings, Inc. Alleghany and Transatlantic Holdings, Inc. are headquartered in New York, NY. Concurrently, AM Best has placed under review with positive implications the
Berkshire Hathaway Inc. (NYSE:BRK, BRK.B))) and Alleghany Corporation (NYSE:Y) today announced the completion of Berkshire Hathaway's acquisition of Alleghany. Holders of Alleghany common stock as of immediately prior to the closing of the transaction are entitled to receive $848.02 per share in cash, representing a total equity value of approximately $11.6 billion. Upon the closing of the transaction, Alleghany became a wholly-owned subsidiary of Berkshire Hathaway. Alleghany continues to be led by Joe Brandon. Goldman Sachs & Co. LLC served as financial advisor and Willkie Farr & Gallagher LLP served as legal advisor to Alleghany. Munger, Tolles & Olson LLP served as legal advisor to Be
NEW YORK, Oct. 17, 2022 /PRNewswire/ -- Antero Resources Corp. (NYSE:AR) will replace Alleghany Corp. (NYSE:Y) in the S&P MidCap 400 effective prior to the opening of trading on Thursday, October 20. S&P 500 constituent Berkshire Hathaway Inc. (NYSE:BRK, BRK.B))) is acquiring Alleghany in a deal expected to be completed soon, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector October 20, 2022 S&P MidCap 400 Addition Antero Resources Corp AR Energy S&P MidCap 400 Deletion Alleghany Corp Y Financials For more information about S&
Acquisition Expected to Close on October 19, 2022 Berkshire Hathaway Inc. (NYSE:BRK, BRK.B))) and Alleghany Corporation (NYSE:Y) today announced that all regulatory approvals relating to the proposed acquisition of Alleghany by Berkshire Hathaway have been received. As previously announced, the stockholders of Alleghany voted to approve and adopt the Agreement and Plan of Merger, dated as of March 20, 2022, at a special meeting held on June 9, 2022. The completion of the proposed transaction is currently expected to occur on October 19, 2022, subject to the satisfaction of customary closing conditions. About Berkshire Hathaway Berkshire Hathaway and its subsidiaries engage in diverse bus
Jack Sennott to Step Down; Adam Sills Named President and CEO CapSpecialty, a wholly-owned subsidiary of Alleghany Corporation (NYSE:Y), today announced that Jack Sennott is stepping down from his roles as CEO, President and Chair, effective August 31. Alleghany has named Adam Sills, currently CapSpecialty's Head of Specialty Underwriting, as President and CEO. "Over the course of the past 20 years, Jack held several important roles for Alleghany including CFO of Darwin Professional Underwriters, CFO of Alleghany and most recently CEO of CapSpecialty. In each role, Jack made a meaningful difference and added significant value. I want to thank Jack for his leadership and many contributions
Alleghany Corporation (NYSE:Y) today announced its financial results for the second quarter ended June 30, 2022. A complete, full-text news release for Alleghany's 2022 second quarter results is available on Alleghany's website at www.alleghany.com and is also contained in a Current Report on Form 8-K that has been filed with the U.S. Securities and Exchange Commission (the "SEC") and is available on the SEC's website at www.sec.gov. In conjunction with the release, Alleghany has also posted its financial supplement to the company's website at www.alleghany.com. About Alleghany Corporation Alleghany Corporation owns and supports operating subsidiaries and manages investments, anchored by
Alleghany Corporation (NYSE:Y) today announced that it will release its financial results for the second quarter of 2022 after the market closes on Thursday, August 4, 2022. In conjunction with the release, Alleghany will post its financial supplement to the company's website at www.alleghany.com. About Alleghany Corporation Alleghany Corporation owns and supports operating subsidiaries and manages investments, anchored by a core position in property and casualty reinsurance and insurance. Alleghany's property and casualty subsidiaries include: Transatlantic Holdings, Inc., a leading global reinsurer; RSUI Group, Inc., which underwrites wholesale specialty insurance coverages; and CapSpec
NEW YORK, June 9, 2022 /PRNewswire/ -- Alleghany Corporation (NYSE:Y) today announced that its stockholders voted to approve and adopt the Agreement and Plan of Merger, dated as of March 20, 2022 (the "Merger Agreement"), pursuant to which Alleghany will be acquired by Berkshire Hathaway Inc. (NYSE:BRK, BRK.B))) for $848.02 per share of common stock in cash. "We are pleased our stockholders have overwhelmingly voted to support this compelling transaction, which delivers significant value to them. I want to personally thank Alleghany's employees for their contributions and continued dedication that have made this achievement possible," said Joseph P. Brandon, Alleghany's President and Chief E
NEW YORK, May 5, 2022 /PRNewswire/ -- Alleghany Corporation (NYSE:Y) today announced its financial results for the first quarter ended March 31, 2022. A complete, full-text news release for Alleghany's 2022 first quarter results is available on Alleghany's website at www.alleghany.com and is also contained in a Current Report on Form 8-K that has been filed with the U.S. Securities and Exchange Commission (the "SEC") and is available on the SEC's website at www.sec.gov. In conjunction with the release, Alleghany has also posted its financial supplement to the company's website at www.alleghany.com. About Alleghany Corporation Alleghany Corporation owns and supports operating subsidiaries a
Keefe Bruyette initiated coverage of Alleghany Corporation with a rating of Outperform and set a new price target of $815.00
JMP Securities reiterated coverage of Alleghany with a rating of Market Outperform and set a new price target of $800.00 from $775.00 previously
JMP Securities reiterated coverage of Alleghany with a rating of Market Outperform and set a new price target of $775.00 from $750.00 previously
Deutsche Bank Aktiengesellschaft reiterated coverage of Alleghany with a rating of Buy and set a new price target of $825.00 from $800.00 previously
JMP Securities reiterated coverage of Alleghany with a rating of Market Outperform and set a new price target of $775.00 from $750.00 previously
Deutsche Bank Aktiengesellschaft reiterated coverage of Alleghany with a rating of Buy and set a new price target of $825.00 from $800.00 previously
JMP Securities reiterated coverage of Alleghany with a rating of Outperform and set a new price target of $775.00 from $750.00 previously
Alleghany Corporation (NYSE:Y) today announced its financial results for the second quarter ended June 30, 2022. A complete, full-text news release for Alleghany's 2022 second quarter results is available on Alleghany's website at www.alleghany.com and is also contained in a Current Report on Form 8-K that has been filed with the U.S. Securities and Exchange Commission (the "SEC") and is available on the SEC's website at www.sec.gov. In conjunction with the release, Alleghany has also posted its financial supplement to the company's website at www.alleghany.com. About Alleghany Corporation Alleghany Corporation owns and supports operating subsidiaries and manages investments, anchored by
NEW YORK, May 5, 2022 /PRNewswire/ -- Alleghany Corporation (NYSE:Y) today announced its financial results for the first quarter ended March 31, 2022. A complete, full-text news release for Alleghany's 2022 first quarter results is available on Alleghany's website at www.alleghany.com and is also contained in a Current Report on Form 8-K that has been filed with the U.S. Securities and Exchange Commission (the "SEC") and is available on the SEC's website at www.sec.gov. In conjunction with the release, Alleghany has also posted its financial supplement to the company's website at www.alleghany.com. About Alleghany Corporation Alleghany Corporation owns and supports operating subsidiaries a
NEW YORK, Feb. 23, 2022 /PRNewswire/ -- Alleghany Corporation (NYSE:Y) today announced its financial results for the fourth quarter and full year ended December 31, 2021. A complete, full-text news release for Alleghany's 2021 fourth quarter and full year results is available on Alleghany's website at www.alleghany.com and is also contained in a Current Report on Form 8-K that has been filed with the U.S. Securities and Exchange Commission (the "SEC") and is available on the SEC's website at www.sec.gov. In conjunction with the release, Alleghany has also posted its financial supplement to the company's website at www.alleghany.com. About Alleghany CorporationAlleghany Corporation owns and s
NEW YORK, Nov. 4, 2021 /PRNewswire/ -- Alleghany Corporation (NYSE:Y) today announced its financial results for the third quarter ended September 30, 2021. A complete, full-text news release for Alleghany's 2021 third quarter results is available on Alleghany's website at www.alleghany.com and is also contained in a Current Report on Form 8-K that has been filed with the U.S. Securities and Exchange Commission (the "SEC") and is available on the SEC's website at www.sec.gov. In conjunction with the release, Alleghany has also posted its financial supplement to the company's website at www.alleghany.com. Alleghany also released today a final letter to stockholders from Weston Hicks as Chief
NEW YORK, Aug. 5, 2021 /PRNewswire/ -- Alleghany Corporation (NYSE:Y) today announced its financial results for the second quarter ended June 30, 2021. A complete, full-text news release for Alleghany's 2021 second quarter results is available on Alleghany's website at www.alleghany.com and is also contained in a Current Report on Form 8-K that has been filed with the U.S. Securities and Exchange Commission (the "SEC") and is available on the SEC's website at www.sec.gov. In conjunction with the release, Alleghany has also posted its financial supplement to the company's website at www.alleghany.com. About Alleghany Corporation Alleghany Corporation (NYSE:Y) creates value by owning and sup
NEW YORK, May 6, 2021 /PRNewswire/ -- Alleghany Corporation (NYSE:Y) today announced its financial results for the first quarter ended March 31, 2021. A complete, full-text news release for Alleghany's 2021 first quarter results is available on Alleghany's website at www.alleghany.com and is also contained in a Current Report on Form 8-K that has been filed with the U.S. Securities and Exchange Commission (the "SEC") and is available on the SEC's website at www.sec.gov. In conjunction with the release, Alleghany has also posted its financial supplement to the company's website at www.alleghany.com. About Alleghany Corporation Alleghany Corporation (NYSE:Y) creates value by owning and suppo
NEW YORK, Feb. 23, 2021 /PRNewswire/ -- Alleghany Corporation (NYSE:Y) today announced its financial results for the fourth quarter and full year ended December 31, 2020. A complete, full-text news release for Alleghany's 2020 fourth quarter and full year results is available on Alleghany's website at www.alleghany.com and is also contained in a Current Report on Form 8-K that has been filed with the U.S. Securities and Exchange Commission (the "SEC") and is available on the SEC's website at www.sec.gov. In conjunction with the release, Alleghany has also posted its financial supplement to the company's website at www.alleghany.com. About Alleghany Corporation Alleghany Corporation (NYSE:Y
Berkshire Hathaway Inc. (NYSE:BRK, BRK.B))))) and Alleghany Corporation (NYSE:Y) today announced the completion of Berkshire Hathaway's acquisition of Alleghany. Holders of Alleghany common stock as of immediately prior to the closing of the transaction are entitled to receive $848.02 per share in cash, representing a total equity value of approximately $11.6 billion. Upon the closing of the transaction, Alleghany became a wholly-owned subsidiary of Berkshire Hathaway. Alleghany continues to be led by Joe Brandon. Goldman Sachs & Co. LLC served as financial advisor and Willkie Farr & Gallagher LLP served as legal advisor to Alleghany. Munger, Tolles & Olson LLP served as legal advisor to B
Antero Resources Corp. (NYSE:AR) will replace Alleghany Corp. (NYSE:Y) in the S&P MidCap 400 effective prior to the opening of trading on Thursday, October 20. S&P 500 constituent Berkshire Hathaway Inc. (NYSE:BRK, BRK.B))) is acquiring Alleghany in a deal expected to be completed soon, pending final closing conditions.
Berkshire Hathaway Inc. (NYSE:BRK, BRK.B))))) and Alleghany Corporation (NYSE:Y) today announced that all regulatory approvals relating to the proposed acquisition of Alleghany by Berkshire Hathaway have been received. As previously announced, the stockholders of Alleghany voted to approve and adopt the Agreement and Plan of Merger, dated as of March 20, 2022, at a special meeting held on June 9, 2022. The completion of the proposed transaction is currently expected to occur on October 19, 2022, subject to the satisfaction of customary closing conditions.
Benzinga Pro data, Alleghany (NYSE:Y) reported Q2 sales of $1.72 billion. Earnings fell to a loss of $123.89 million, resulting in a 173.35% decrease from last quarter. In Q1, Alleghany earned $168.89 million and total sales reached $1.60 billion. Why Is ROCE Significant? Earnings data without context is not clear and can be difficult to base trading decisions on. Return on Capital Employed (ROCE) helps to filter signal from noise by measuring yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q2, Alleghany posted an ROCE of -0.01%. It is important t
Benzinga Pro data, Alleghany (NYSE:Y) reported Q2 sales of $1.72 billion. The company posted a loss of $123.89 million, resulting in a 173.35% decrease from last quarter. Alleghany reached earnings of $168.89 million and sales of $1.60 billion in Q1. What Is Return On Capital Employed? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth of a company and is a sign of higher earnings per share in the future. A low or negative ROCE suggests the opposite. In Q2, Alleghany posted an ROCE of -0.01%. Keep in
Alleghany (NYSE:Y) reported its Q2 earnings results on Thursday, August 4, 2022 at 04:20 PM. Here's what investors need to know about the announcement. Earnings Alleghany missed estimated earnings by 0.06%, reporting an EPS of $17.28 versus an estimate of $17.29. Revenue was down $69.00 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $3.25 which was followed by a 0.42% drop in the share price the next day. To track all earnings releases for Alleghany visit their earnings calendar here. This article was generated by Benzinga's automated content engine and reviewed by an editor.
Companies Reporting Before The Bell • Reservoir Media (NASDAQ:RSVR) is projected to report quarterly loss at $0.05 per share on revenue of $18.19 million. • OFS Capital (NASDAQ:OFS) is estimated to report earnings for its second quarter. • Vector Group (NYSE:VGR) is expected to report quarterly earnings at $0.35 per share on revenue of $337.70 million. • Aldeyra Therapeutics (NASDAQ:ALDX) is estimated to report earnings for its second quarter. • Ocugen (NASDAQ:OCGN) is estimated to report earnings for its second quarter. • Fluor (NYSE:FLR) is likely to report earnings for its second quarter. • Brookfield Business (NYSE:BBUC) is expected to report earnings for its second quarter. •
Alleghany (NYSE:Y) reported quarterly earnings of $17.28 per share which missed the analyst consensus estimate of $17.29 by 0.06 percent. This is a 0.63 percent decrease over earnings of $17.39 per share from the same period last year. The company reported $1.72 billion in sales this quarter. This is a 3.87 percent decrease over sales of $1.78 billion the same period last year.
Alleghany (NYSE:Y) is set to give its latest quarterly earnings report on Thursday, 2022-08-04. Here's what investors need to know before the announcement. Analysts estimate that Alleghany will report an earnings per share (EPS) of $17.29. Alleghany bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $3.25, which was followed by a 0.42% drop in the share price the nex
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