With its stock down 32% over the past three months, it is easy to disregard Alleghany (NYSE:Y). However, the company's...
Alleghany Corporation (NYSE:Y) today announced that it has adjourned its 2020 Annual Meeting of Stockholders (the "Annual Meeting") originally scheduled to be held on April 24, 2020 at 10:00 a.m., Eastern Daylight Time, to May 8, 2020 at 10:00 a.m., Eastern Daylight Time. As previously announced, due to the public health and safety concerns related to the novel coronavirus (COVID-19) pandemic and recommendations and orders from Federal and New York authorities, the Annual Meeting will be conducted exclusively in a virtual format. Stockholders will not be able to attend the Annual Meeting at a physical location. Alleghany expects to hold future meetings of stockholders in-person, absent extenuating circumstances (including the ongoing impact of COVID-19).
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Alleghany Corporation (NYSE: Y) today announced its financial results for the first quarter ended March 31, 2020. A complete, full-text news release for Alleghany's 2020 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.
Alleghany's (Y) unit acquires toy manufacturer Kellytoy to become the leading supplier in the global plush market.
Alleghany's (Y) Q4 results benefit from higher investment income and growth in premiums, offset by rise in expenses.
Alleghany Capital Corporation ("Alleghany Capital"), a wholly-owned subsidiary of Alleghany Corporation, today announced that its subsidiary, Jazwares, LLC ("Jazwares"), a leading toy and consumer products company, has acquired a majority stake in Kelly Toys Holdings, LLC and Kelly Amusement Holdings, LLC (formerly known as Kellytoy Worldwide, Inc. and Kellytoy (USA), Inc.) (collectively, "Kellytoy"). Headquartered in Los Angeles, California, Kellytoy is an award-winning manufacturer of everyday and seasonal plush toys.
Alleghany Corporation (NYSE:Y) today announced that it will release its financial results for the first quarter of 2020 after the market closes on Tuesday, May 5, 2020. In conjunction with the release, Alleghany will post its financial supplement to the company's website at www.alleghany.com.
Alleghany Corporation (NYSE:Y) today announced that it has donated one million dollars to the NYC COVID-19 Response & Impact Fund in the New York Community Trust. The donation reflects the desire of Alleghany's management and Board of Directors to assist in the fight against the pandemic and to support New York City's most vulnerable residents.
Alleghany Corporation ("Alleghany") (NYSE: Y) today announced that it has priced its public offering of $500 million of 3.625% Senior Notes due 2030 (the "Senior Notes"). The Senior Notes were priced at 99.867% of par.
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of...
Alleghany Capital Corporation ("Alleghany Capital"), a wholly-owned subsidiary of Alleghany Corporation, today announced that its subsidiary, Precision Cutting Technologies, Inc. ("Precision Cutting Technologies") has acquired Supermill LLC ("Supermill"). Precision Cutting Technologies holds Alleghany Capital's investments in the machine tool and consumable cutting tool sectors. Headquartered in Berlin, CT, Supermill is a leading manufacturer of high-performance carbide end mills.
Alleghany's (Y) unit acquires Supermill to reinforce its presence and boost the acquirer's portfolio of cutting consumables.
Alleghany Capital Corporation ("Alleghany Capital"), a wholly-owned subsidiary of Alleghany Corporation, today announced that it has acquired a majority interest in Wilbert Funeral Services, Inc. ("Wilbert"), a leading provider of products and services for the funeral and cemetery industries and precast concrete markets. Alleghany Capital has owned a 45% equity interest in Wilbert since 2017. Headquartered in Overland Park, Kansas, Wilbert operates through company-owned locations and a network of nearly 200 licensees that manufacture and distribute Wilbert® branded products throughout the United States and Canada.
Alleghany (Y) Q1 earnings reflect better results at Insurance segment but soft performance at Reinsurance segment.
Alleghany Corporation (NYSE:Y) today announced that it intends to adjourn its 2020 Annual Meeting of Stockholders (the "Annual Meeting") scheduled to be held on April 24, 2020 at 10:00 a.m., Eastern Daylight Time, to May 8, 2020 at 10:00 a.m., Eastern Daylight Time, and that the adjourned meeting will be conducted exclusively in a virtual format. Stockholders will not be able to attend the Annual Meeting in person, however, stockholders will be able vote and ask questions during the Annual Meeting through the online platform.
Alleghany (Y) displays prudence by issuing senior notes amid a low interest rate environment to procure funds.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
Alleghany (Y) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Alleghany's (Y) unit, Alleghany Capital acquires a majority stake in Wilbert in a bid to boost noninsurance revenues generated from middle-market businesses.