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Hot Stocks
Alleghany Capital forms subsidiary to acquire Wilbert » 08:33
05/11/21
05/11
08:33
05/11/21
08:33
Y

Alleghany

$722.66 /

-9.345 (-1.28%)

Alleghany Capital, a…

Alleghany Capital, a wholly-owned subsidiary of Alleghany Corporation, announced that it has formed a new wholly-owned subsidiary, Piedmont Manufacturing Group, to acquire Wilbert, a provider of injection molded and thermoformed parts and multi-component assemblies for original equipment manufacturer customers in a range of end-markets. Operating out of three facilities in the Southeast and one in the Midwest United States, WPS provides OEM customers in the industrial, commercial, transportation, recreational, medical, and other industries with a full range of product design and engineering, injection molding, thermoforming, painting, assembly, logistics, and inventory management capabilities.

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Y Alleghany
$722.66 /

-9.345 (-1.28%)

Y Alleghany
$722.66 /

-9.345 (-1.28%)

05/07/21 Deutsche Bank
Alleghany price target raised to $890 from $825 at Deutsche Bank
02/24/21 Deutsche Bank
Alleghany price target raised to $825 from $800 at Deutsche Bank
02/24/21 JMP Securities
Alleghany price target raised to $775 from $750 at JMP Securities
11/04/20 Deutsche Bank
Alleghany price target raised to $800 from $785 at Deutsche Bank
Y Alleghany
$722.66 /

-9.345 (-1.28%)

Recommendations
Alleghany price target raised to $890 from $825 at Deutsche Bank » 07:32
05/07/21
05/07
07:32
05/07/21
07:32
Y

Alleghany

$701.29 /

+6.99 (+1.01%)

Deutsche Bank analyst…

Deutsche Bank analyst Phil Stefano raised the firm's price target on Alleghany to $890 from $825 and keeps a Buy rating on the shares citing the "strong" Q1 beat.

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Y Alleghany
$701.29 /

+6.99 (+1.01%)

Y Alleghany
$701.29 /

+6.99 (+1.01%)

02/24/21 Deutsche Bank
Alleghany price target raised to $825 from $800 at Deutsche Bank
02/24/21 JMP Securities
Alleghany price target raised to $775 from $750 at JMP Securities
11/04/20 Deutsche Bank
Alleghany price target raised to $800 from $785 at Deutsche Bank
08/05/20 Deutsche Bank
Alleghany price target raised to $785 from $760 at Deutsche Bank
Y Alleghany
$701.29 /

+6.99 (+1.01%)

Earnings
Alleghany reports Q1 adjusted EPS $9.81, consensus ($4.26) » 17:24
05/06/21
05/06
17:24
05/06/21
17:24
Y

Alleghany

$701.29 /

+6.99 (+1.01%)

Reports Q1 revenue $2.65B…

Reports Q1 revenue $2.65B vs. $1.48B a year ago. Net premiums written increased 14.4%, with reinsurance up 15.2% and insurance up 11.5%. CEO Weston Hicks commented, "Alleghany produced over $230M of net earnings in the quarter, or $16.37 per share, with our businesses performing well in an improving economic environment, continuing favorable re/insurance market conditions and the benefit of strong investment earnings. Book value per share was flat in Q1, however, as unrealized bond losses offset our solid operating performance." Joe Brandon, President, added, "Each of our re/insurance operations delivered double digit net premium growth, reflecting continued broad-based rate increases, and each produced a modest underwriting profit despite incurring a total of $181 million of catastrophe losses related to Winter Storm Uri and related storms. Underwriting profit, excluding catastrophe and Pandemic losses, was $216M, an increase of 37% over last year's Q1". "Alleghany Capital had an excellent Q1 with strong earnings from W&W AFCO Steel, IPS and Wilbert. On a trailing twelve month basis, Alleghany Capital's adjusted earnings before taxes continue to grow and now exceed $195M. Looking ahead, we continue to see encouraging underlying momentum across our businesses, reflected in continued rate increases and strong, profitable growth at our re/insurance operations and the breadth of current projects, backlogs and order flow at Alleghany Capital."

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Y Alleghany
$701.29 /

+6.99 (+1.01%)

Y Alleghany
$701.29 /

+6.99 (+1.01%)

02/24/21 Deutsche Bank
Alleghany price target raised to $825 from $800 at Deutsche Bank
02/24/21 JMP Securities
Alleghany price target raised to $775 from $750 at JMP Securities
11/04/20 Deutsche Bank
Alleghany price target raised to $800 from $785 at Deutsche Bank
08/05/20 Deutsche Bank
Alleghany price target raised to $785 from $760 at Deutsche Bank
Y Alleghany
$701.29 /

+6.99 (+1.01%)

Over a quarter ago
Hot Stocks
Alleghany CEO Weston Hicks to retire, Joseph Brandon to succeed » 16:17
03/03/21
03/03
16:17
03/03/21
16:17
Y

Alleghany

$638.86 /

+1.08 (+0.17%)

Alleghany announced that…

Alleghany announced that Weston Hicks, President and CEO, has elected to retire as CEO and a director of Alleghany at year-end 2021. Joseph Brandon, currently Executive Vice President, will succeed Hicks as CEO and be appointed to the Board of Directors, effective at year-end 2021. Brandon will succeed Hicks as President of Alleghany, effective April 23, upon the conclusion of Alleghany's 2021 Annual Meeting of Stockholders. Kerry Jacobs, currently Senior Vice President and CFO, will succeed Brandon as Executive Vice President of Alleghany, effective April 23. Jacobs will continue as CFO until a successor is identified.

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Y Alleghany
$638.86 /

+1.08 (+0.17%)

Y Alleghany
$638.86 /

+1.08 (+0.17%)

02/24/21 Deutsche Bank
Alleghany price target raised to $825 from $800 at Deutsche Bank
02/24/21 JMP Securities
Alleghany price target raised to $775 from $750 at JMP Securities
11/04/20 Deutsche Bank
Alleghany price target raised to $800 from $785 at Deutsche Bank
08/05/20 Deutsche Bank
Alleghany price target raised to $785 from $760 at Deutsche Bank
Y Alleghany
$638.86 /

+1.08 (+0.17%)

Recommendations
Alleghany price target raised to $825 from $800 at Deutsche Bank » 07:24
02/24/21
02/24
07:24
02/24/21
07:24
Y

Alleghany

$625.15 /

+4.69 (+0.76%)

Deutsche Bank analyst…

Deutsche Bank analyst Phil Stefano raised the firm's price target on Alleghany to $825 from $800 and keeps a Buy rating on the shares following the company's Q4 beat. The analyst expects the stock to react favorably.

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Y Alleghany
$625.15 /

+4.69 (+0.76%)

Y Alleghany
$625.15 /

+4.69 (+0.76%)

02/24/21 JMP Securities
Alleghany price target raised to $775 from $750 at JMP Securities
11/04/20 Deutsche Bank
Alleghany price target raised to $800 from $785 at Deutsche Bank
08/05/20 Deutsche Bank
Alleghany price target raised to $785 from $760 at Deutsche Bank
05/06/20 Deutsche Bank
Alleghany price target lowered to $700 from $800 at Deutsche Bank
Y Alleghany
$625.15 /

+4.69 (+0.76%)

Recommendations
Alleghany price target raised to $775 from $750 at JMP Securities » 06:14
02/24/21
02/24
06:14
02/24/21
06:14
Y

Alleghany

$625.15 /

+4.69 (+0.76%)

JMP Securities analyst…

JMP Securities analyst Matthew Carletti raised the firm's price target on Alleghany to $775 from $750 and keeps an Outperform rating on the shares. The analyst is citing the company's Q4 earnings beat and believes that Alleghany is well positioned to take advantage of an improving pricing environment, with 2021 likely to show continued strong top-line growth and an improvement in underlying accident year loss ratios.

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Y Alleghany
$625.15 /

+4.69 (+0.76%)

Y Alleghany
$625.15 /

+4.69 (+0.76%)

11/04/20 Deutsche Bank
Alleghany price target raised to $800 from $785 at Deutsche Bank
08/05/20 Deutsche Bank
Alleghany price target raised to $785 from $760 at Deutsche Bank
05/06/20 Deutsche Bank
Alleghany price target lowered to $700 from $800 at Deutsche Bank
Y Alleghany
$625.15 /

+4.69 (+0.76%)

Earnings
Alleghany reports Q4 adjusted EPS $6.77, consensus $5.04 » 16:25
02/23/21
02/23
16:25
02/23/21
16:25
Y

Alleghany

$625.15 /

+4.69 (+0.76%)

Reports Q4 revenues…

Reports Q4 revenues increased 15.8% to $2.664B. Weston Hicks, President and CEO, commented,"Alleghany grew book value per share, adjusted for the special dividend paid on March 16, 2020, by 4.5% in 2020 despite significant insurance and reinsurance losses recognized due to the Pandemic as well as operational and logistical challenges,primarily at Alleghany Capital's subsidiaries."

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Y Alleghany
$625.15 /

+4.69 (+0.76%)

Y Alleghany
$625.15 /

+4.69 (+0.76%)

11/04/20 Deutsche Bank
Alleghany price target raised to $800 from $785 at Deutsche Bank
08/05/20 Deutsche Bank
Alleghany price target raised to $785 from $760 at Deutsche Bank
05/06/20 Deutsche Bank
Alleghany price target lowered to $700 from $800 at Deutsche Bank
Y Alleghany
$625.15 /

+4.69 (+0.76%)

Hot Stocks
Alleghany exits investment in Stranded Oil Resources » 16:16
01/05/21
01/05
16:16
01/05/21
16:16
Y

Alleghany

$590.00 /

-7.62 (-1.28%)

Alleghany announced that…

Alleghany announced that it exited its investment in Stranded Oil Resources Corporation in a transaction that closed on December 31, 2020. Weston Hicks, President and CEO of Alleghany, stated, "I would like to thank Mark See and his team for their efforts at SORC over the years, operating in a difficult macroeconomic environment for upstream oil and gas production. We wish them success in their future endeavors." Olshan Frome Wolosky acted as legal advisor to Alleghany.

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Y Alleghany
$590.00 /

-7.62 (-1.28%)

11/04/20 Deutsche Bank
Alleghany price target raised to $800 from $785 at Deutsche Bank
08/05/20 Deutsche Bank
Alleghany price target raised to $785 from $760 at Deutsche Bank
05/06/20 Deutsche Bank
Alleghany price target lowered to $700 from $800 at Deutsche Bank
Y Alleghany
$590.00 /

-7.62 (-1.28%)

Recommendations
Alleghany price target raised to $800 from $785 at Deutsche Bank » 06:43
11/04/20
11/04
06:43
11/04/20
06:43
Y

Alleghany

$587.37 /

+24.09 (+4.28%)

Deutsche Bank analyst…

Deutsche Bank analyst Phil Stefano raised the firm's price target on Alleghany to $800 from $785 and keeps a Buy rating on the shares following the company's "clean beat" in Q3. The company's noninsurance businesses have rebounded far faster than anticipated and should be a more material contributor to forward earnings than investors had previously expected, Stefano tells investors in a research note.

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Y Alleghany
$587.37 /

+24.09 (+4.28%)

08/05/20 Deutsche Bank
Alleghany price target raised to $785 from $760 at Deutsche Bank
05/06/20 Deutsche Bank
Alleghany price target lowered to $700 from $800 at Deutsche Bank
Y Alleghany
$587.37 /

+24.09 (+4.28%)

Earnings
Alleghany reports Q3 adjusted EPS $3.23 vs. $7.61 a year ago » 16:40
11/03/20
11/03
16:40
11/03/20
16:40
Y

Alleghany

$587.37 /

+24.09 (+4.28%)

Book value per share was…

Book value per share was $606.21 as of September 30, an increase of 1.7% from year-end 2019 after adjusting for the $15 per share special dividend paid on March 16, and an increase of 2.6% from June 30.

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Y Alleghany
$587.37 /

+24.09 (+4.28%)

08/05/20 Deutsche Bank
Alleghany price target raised to $785 from $760 at Deutsche Bank
05/06/20 Deutsche Bank
Alleghany price target lowered to $700 from $800 at Deutsche Bank
Y Alleghany
$587.37 /

+24.09 (+4.28%)

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