Alleghany Corporation (NYSE:Y) is reporting second quarter financial results on Tuesday 4th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, Y is expected to report 2Q20 income of $ 4.36 per share.
For the full year, analysts anticipate income of $ 16.60 per share bottom line.
Previous Quarter Performance
Alleghany Corporation unveiled income for the first quarter of $ 4.99 per share, from the revenue of $ 1,444.00 million. The quarterly revenues compared with the same quarter last year. Street analysts expected income of $ 7.94 per share The bottom line results missed street analysts by $ 2.95 or 37.15 percent, at the same time, top line results analysts by $ 3.42 million or .
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of Y was $ 531.26, representing a 24.45 % increase from the 52 week low of $ 426.87 and a 37.35 % decrease over the 52 week high of $ 847.95.
The company has a market capital of $ 7.60 billion and is part of the Financial sector and Property & Casualty Insurance industry.
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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.
