Alleghany
Market Cap
US$11.2b
Last Updated
2019/09/17 23:30 UTC
Data Sources
Company Financials +
Executive Summary
Alleghany Corporation provides property and casualty reinsurance and insurance products in the United States and internationally.
Snowflake
Fundamentals
Excellent balance sheet with limited growth.
Similar Companies
Share Price & News
How has Alleghany's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0.5%
NYSE:Y
1.6%
US Insurance
0.8%
US Market
1 Year Return
21.1%
NYSE:Y
9.9%
US Insurance
1.9%
US Market
Y outperformed the Insurance industry which returned 9.5% over the past year.
Y outperformed the Market in United States of America which returned 2.1% over the past year.
Share holder returns
| Y | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.5% | 1.6% | 0.8% |
| 30 Day | 3.2% | 2.7% | 3.4% |
| 90 Day | 13.5% | 1.4% | 2.1% |
| 1 Year | 21.1%21.1% | 12.6%9.9% | 4.2%1.9% |
| 3 Year | 50.9%48.4% | 47.6%36.3% | 46.7%37.2% |
| 5 Year | 87.4%84.3% | 71.8%51.2% | 62.3%44.5% |
Price Volatility Vs. Market
How volatile is Alleghany's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Should We Be Cautious About Alleghany Corporation's (NYSE:Y) ROE Of 3.8%?4 weeks ago | Simply Wall St
Should You Be Concerned About Alleghany Corporation's (NYSE:Y) Earnings Growth?1 month ago | Simply Wall St
Did Alleghany Corporation (NYSE:Y) Insiders Buy Up More Shares?Valuation
Is Alleghany undervalued based on future cash flows and its price relative to the stock market?
36.78x
Price to Earnings (PE) ratio
Intrinsic Value Based on Future Cash Flows
Alleghany's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
Alleghany's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
Price Based on Earnings
Alleghany is overvalued based on earnings compared to the US Insurance industry average.
Alleghany is overvalued based on earnings compared to the United States of America market.
Price Based on Expected Growth
Alleghany is poor value based on expected growth next year.
Price Based on Value of Assets
Alleghany is overvalued based on assets compared to the US Insurance industry average.
Next Steps
Future Growth
How is Alleghany expected to perform in the next 1 to 3 years based on estimates from 3 analysts?
18.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Alleghany's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Alleghany's earnings are expected to grow by 18.9% yearly, however this is not considered high growth (20% yearly).
Alleghany's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Alleghany's earnings growth is expected to exceed the United States of America market average.
Alleghany's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Earnings per Share Growth Estimates
Future Return on Equity
Unable to establish if Alleghany will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Next Steps
Past Performance
How has Alleghany performed over the past 5 years?
-21.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Alleghany's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
Alleghany's 1-year earnings growth exceeds its 5-year average (0.9% vs -21.1%)
Alleghany's earnings growth has not exceeded the US Insurance industry average in the past year (0.9% vs 3.1%).
Return on Equity
Alleghany has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
Alleghany used its assets less efficiently than the US Insurance industry average last year based on Return on Assets.
Return on Capital Employed
Alleghany's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
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Financial Health
How is Alleghany's financial position?
Financial Position Analysis
Alleghany is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Alleghany's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
Alleghany's level of debt (19.3%) compared to net worth is satisfactory (less than 40%).
The level of debt compared to net worth has been reduced over the past 5 years (24.1% vs 19.3% today).
Debt is well covered by operating cash flow (24.9%, greater than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 5.1x coverage).
Balance Sheet
Low level of unsold assets.
Debt is covered by short term assets, assets are 2.7x debt.
Next Steps
Dividend
What is Alleghany's current dividend yield, its reliability and sustainability?
Dividend Yield and Payments Analysis
Unable to evaluate Alleghany's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
Unable to evaluate Alleghany's dividend against the top 25% market benchmark as the company has not reported any payouts.
Unable to perform a dividend volatility check as Alleghany has not reported any payouts.
Unable to verify if Alleghany's dividend has been increasing as the company has not reported any payouts.
Current Payout to Shareholders
Unable to calculate sustainability of dividends as Alleghany has not reported any payouts.
Future Payout to Shareholders
No need to calculate the sustainability of Alleghany's dividends in 3 years as they are not expected to pay a notable one for United States of America.
Next Steps
Management
What is the CEO of Alleghany's salary, the management and board of directors tenure and is there insider trading?
10.2yrs
Average management tenure
CEO
Weston Hicks (62yo)
14.8yrs
Tenure
US$8,129,352
Compensation
Mr. Weston M. Hicks, CFA, has been the Chief Executive Officer and President at Alleghany Corporation since December 31, 2004. Mr. Hicks has been the Chief Executive Officer and President at Alleghany Insu ...
CEO Compensation Analysis
Weston's remuneration is about average for companies of similar size in United States of America.
Weston's compensation has been consistent with company performance over the past year, both up more than 20%.
Management Age and Tenure
10.2yrs
Average Tenure
58yo
Average Age
The average tenure for the Alleghany management team is over 5 years, this suggests they are a seasoned and experienced team.
Board Age and Tenure
9.8yrs
Average Tenure
66yo
Average Age
The tenure for the Alleghany board of directors is about average.
Insider Trading
No 3 month open market individual insider trading information.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 559 |
| Max Price | US$684.53 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,485 |
| Max Price | US$672.34 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 286 |
| Max Price | US$665.25 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 230 |
| Max Price | US$613.47 |
Ownership Breakdown
Management Team
Peter Sismondo (63yo)
VP, Controller & Assistant Secretary
- Tenure: 31.7yrs
- Compensation: US$674.63k
Christopher Dalrymple (51yo)
Senior VP
- Tenure: 10.2yrs
- Compensation: US$2.60m
Weston Hicks (62yo)
President
- Tenure: 14.8yrs
- Compensation: US$8.13m
Joe Brandon (60yo)
Executive Vice President
- Tenure: 7.5yrs
- Compensation: US$5.59m
Mike Sapnar (53yo)
CEO & President of Transatlantic Holdings
- Tenure: 0yrs
Jerry Borrelli (53yo)
VP of Finance & Chief Accounting Officer
- Tenure: 13.2yrs
- Compensation: US$888.43k
Andrew Carr (58yo)
VP & Tax Director
- Tenure: 12.5yrs
- Compensation: US$862.90k
Kerry Jacobs
Senior VP
- Tenure: 0.2yrs
Stela Burghart
VP, Associate General Counsel & Assistant Secretary
- Tenure: 7.4yrs
John Shannon
VP & Head of Fixed Income
- Tenure: 1.6yrs
Board Members
Lauren Tyler (57yo)
Independent Director
- Tenure: 0.7yrs
John Foos (69yo)
Director
- Tenure: 7.5yrs
- Compensation: US$251.74k
William Lavin (74yo)
Director
- Tenure: 27.4yrs
- Compensation: US$269.74k
Karen Brenner (66yo)
Director
- Tenure: 9.8yrs
- Compensation: US$256.74k
Weston Hicks (62yo)
President
- Tenure: 14.8yrs
- Compensation: US$8.13m
Phillip Martineau (71yo)
Director
- Tenure: 9.8yrs
- Compensation: US$246.74k
Jefferson Kirby (57yo)
Chairman of the Board
- Tenure: 9.2yrs
- Compensation: US$329.74k
Raymond L. Wong (66yo)
Director
- Tenure: 13.4yrs
- Compensation: US$264.74k
Ian Chippendale (70yo)
Director
- Tenure: 7.5yrs
- Compensation: US$246.74k
Company Information
Alleghany Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Alleghany Corporation
- Ticker: Y
- Exchange: NYSE
- Founded: 1929
- Industry: Reinsurance
- Sector: Insurance
- Market Cap: US$11.177b
- Shares outstanding: 14.43m
- Website: https://www.alleghany.com
Number of Employees
Location
- Alleghany Corporation
- 1411 Broadway
- 34th Floor
- New York
- New York
- 10018
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| Y | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Dec 1986 |
| AGA | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Dec 1986 |
Biography
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 Allegha ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/09/17 23:30 |
| End of Day Share Price | 2019/09/17 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.