Intrinsic value of Alleghany - Y

Previous Close

$638.73

  Intrinsic Value

$0.00

stock screener

  Rating & Target

str. sell

-100%

Previous close

$638.73

 
Intrinsic value

$0.00

 
Up/down potential

-100%

 
Rating

str. sell

Our model is not good at valuating stocks of financial companies, such as Y.

We calculate the intrinsic value of Y stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 9.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  4.80
  4.82
  4.84
  4.85
  4.87
  4.88
  4.89
  4.90
  4.91
  4.92
  4.93
  4.94
  4.94
  4.95
  4.95
  4.96
  4.96
  4.97
  4.97
  4.97
  4.98
  4.98
  4.98
  4.98
  4.98
  4.99
  4.99
  4.99
  4.99
  4.99
Revenue, $m
  6,733
  7,058
  7,399
  7,759
  8,136
  8,534
  8,951
  9,390
  9,852
  10,337
  10,846
  11,382
  11,944
  12,535
  13,156
  13,809
  14,494
  15,214
  15,970
  16,764
  17,599
  18,475
  19,395
  20,361
  21,376
  22,442
  23,561
  24,736
  25,970
  27,266
Variable operating expenses, $m
  5,931
  6,217
  6,517
  6,832
  7,164
  7,513
  7,880
  8,266
  8,671
  9,097
  9,529
  10,000
  10,494
  11,013
  11,559
  12,132
  12,734
  13,367
  14,031
  14,729
  15,462
  16,231
  17,040
  17,889
  18,780
  19,717
  20,700
  21,732
  22,817
  23,955
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  5,931
  6,217
  6,517
  6,832
  7,164
  7,513
  7,880
  8,266
  8,671
  9,097
  9,529
  10,000
  10,494
  11,013
  11,559
  12,132
  12,734
  13,367
  14,031
  14,729
  15,462
  16,231
  17,040
  17,889
  18,780
  19,717
  20,700
  21,732
  22,817
  23,955
Operating income, $m
  802
  841
  883
  927
  972
  1,021
  1,071
  1,125
  1,181
  1,240
  1,317
  1,382
  1,450
  1,522
  1,598
  1,677
  1,760
  1,847
  1,939
  2,036
  2,137
  2,243
  2,355
  2,472
  2,596
  2,725
  2,861
  3,004
  3,154
  3,311
EBITDA, $m
  3,406
  3,570
  3,743
  3,925
  4,116
  4,317
  4,528
  4,750
  4,983
  5,229
  5,486
  5,757
  6,042
  6,341
  6,655
  6,985
  7,332
  7,696
  8,078
  8,480
  8,902
  9,345
  9,810
  10,299
  10,812
  11,352
  11,918
  12,512
  13,136
  13,792
Interest expense (income), $m
  81
  1,015
  1,015
  1,015
  1,015
  1,015
  1,015
  1,015
  1,015
  1,015
  1,015
  1,015
  1,015
  1,015
  1,015
  1,015
  1,015
  1,015
  1,015
  1,015
  1,015
  1,015
  1,015
  1,015
  1,015
  1,015
  1,015
  1,015
  1,015
  1,015
  1,015
Earnings before tax, $m
  -213
  -174
  -132
  -89
  -43
  5
  56
  109
  165
  224
  302
  367
  435
  507
  582
  662
  745
  832
  924
  1,020
  1,122
  1,228
  1,340
  1,457
  1,580
  1,710
  1,846
  1,988
  2,138
  2,296
Tax expense, $m
  0
  0
  0
  0
  0
  1
  15
  30
  45
  61
  81
  99
  117
  137
  157
  179
  201
  225
  249
  276
  303
  332
  362
  393
  427
  462
  498
  537
  577
  620
Net income, $m
  -213
  -174
  -132
  -89
  -43
  4
  41
  80
  121
  164
  220
  268
  318
  370
  425
  483
  544
  607
  675
  745
  819
  897
  978
  1,064
  1,154
  1,248
  1,347
  1,452
  1,561
  1,676

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Adjusted assets (=assets-cash), $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Revenue / Adjusted assets
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
Average production assets, $m
  25,883
  27,131
  28,443
  29,824
  31,276
  32,803
  34,408
  36,096
  37,869
  39,734
  41,693
  43,751
  45,914
  48,186
  50,573
  53,081
  55,716
  58,483
  61,390
  64,442
  67,649
  71,017
  74,553
  78,268
  82,169
  86,265
  90,567
  95,085
  99,830
  104,812
Working capital, $m
  -16,739
  -17,546
  -18,395
  -19,288
  -20,227
  -21,214
  -22,253
  -23,344
  -24,491
  -25,697
  -26,964
  -28,295
  -29,694
  -31,163
  -32,707
  -34,329
  -36,033
  -37,822
  -39,702
  -41,676
  -43,750
  -45,928
  -48,215
  -50,618
  -53,140
  -55,790
  -58,572
  -61,494
  -64,562
  -67,784
Total debt, $m
  18,801
  18,801
  18,801
  18,801
  18,801
  18,801
  18,801
  18,801
  18,801
  18,801
  18,801
  18,801
  18,801
  18,801
  18,801
  18,801
  18,801
  18,801
  18,801
  18,801
  18,801
  18,801
  18,801
  18,801
  18,801
  18,801
  18,801
  18,801
  18,801
  18,801
Total liabilities, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total equity, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total liabilities and equity, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Debt-to-equity ratio
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
Adjusted equity ratio
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -213
  -174
  -132
  -89
  -43
  4
  41
  80
  121
  164
  220
  268
  318
  370
  425
  483
  544
  607
  675
  745
  819
  897
  978
  1,064
  1,154
  1,248
  1,347
  1,452
  1,561
  1,676
Depreciation, amort., depletion, $m
  2,604
  2,729
  2,860
  2,998
  3,143
  3,296
  3,456
  3,625
  3,803
  3,989
  4,169
  4,375
  4,591
  4,819
  5,057
  5,308
  5,572
  5,848
  6,139
  6,444
  6,765
  7,102
  7,455
  7,827
  8,217
  8,627
  9,057
  9,509
  9,983
  10,481
Funds from operations, $m
  2,391
  2,555
  2,728
  2,909
  3,100
  3,300
  3,497
  3,705
  3,923
  4,153
  4,390
  4,643
  4,909
  5,189
  5,482
  5,791
  6,115
  6,456
  6,813
  7,189
  7,584
  7,998
  8,433
  8,891
  9,371
  9,875
  10,404
  10,960
  11,544
  12,157
Change in working capital, $m
  -767
  -807
  -849
  -893
  -939
  -987
  -1,038
  -1,091
  -1,147
  -1,206
  -1,267
  -1,331
  -1,399
  -1,470
  -1,544
  -1,622
  -1,704
  -1,790
  -1,880
  -1,974
  -2,074
  -2,178
  -2,287
  -2,402
  -2,523
  -2,649
  -2,782
  -2,922
  -3,068
  -3,222
Cash from operations, $m
  3,157
  3,362
  3,576
  3,802
  4,039
  4,287
  4,536
  4,796
  5,070
  5,358
  5,656
  5,974
  6,308
  6,658
  7,026
  7,413
  7,819
  8,245
  8,693
  9,164
  9,657
  10,176
  10,721
  11,293
  11,893
  12,524
  13,186
  13,882
  14,612
  15,379
Maintenance CAPEX, $m
  -2,469
  -2,588
  -2,713
  -2,844
  -2,982
  -3,128
  -3,280
  -3,441
  -3,610
  -3,787
  -3,973
  -4,169
  -4,375
  -4,591
  -4,819
  -5,057
  -5,308
  -5,572
  -5,848
  -6,139
  -6,444
  -6,765
  -7,102
  -7,455
  -7,827
  -8,217
  -8,627
  -9,057
  -9,509
  -9,983
New CAPEX, $m
  -1,189
  -1,248
  -1,313
  -1,381
  -1,452
  -1,527
  -1,605
  -1,687
  -1,774
  -1,864
  -1,959
  -2,058
  -2,163
  -2,272
  -2,387
  -2,508
  -2,634
  -2,767
  -2,907
  -3,053
  -3,206
  -3,368
  -3,537
  -3,714
  -3,901
  -4,097
  -4,302
  -4,518
  -4,744
  -4,982
Cash from investing activities, $m
  -3,658
  -3,836
  -4,026
  -4,225
  -4,434
  -4,655
  -4,885
  -5,128
  -5,384
  -5,651
  -5,932
  -6,227
  -6,538
  -6,863
  -7,206
  -7,565
  -7,942
  -8,339
  -8,755
  -9,192
  -9,650
  -10,133
  -10,639
  -11,169
  -11,728
  -12,314
  -12,929
  -13,575
  -14,253
  -14,965
Free cash flow, $m
  -501
  -474
  -449
  -423
  -395
  -367
  -350
  -332
  -313
  -293
  -276
  -254
  -230
  -205
  -180
  -152
  -124
  -93
  -62
  -28
  7
  44
  82
  123
  166
  211
  258
  307
  359
  414
Issuance/(repayment) of debt, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total cash flow (excl. dividends), $m
  -501
  -474
  -449
  -423
  -395
  -367
  -350
  -332
  -313
  -293
  -276
  -254
  -230
  -205
  -180
  -152
  -124
  -93
  -62
  -28
  7
  44
  82
  123
  166
  211
  258
  307
  359
  414
Retained Cash Flow (-), $m
  -213
  -174
  -132
  -89
  -43
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  -213
  -174
  -132
  -89
  -43
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  7
  44
  82
  123
  166
  211
  258
  307
  359
  414
Discount rate, %
  14.80
  15.54
  16.32
  17.13
  17.99
  18.89
  19.83
  20.83
  21.87
  22.96
  24.11
  25.31
  26.58
  27.91
  29.30
  30.77
  32.31
  33.92
  35.62
  37.40
  39.27
  41.23
  43.29
  45.46
  47.73
  50.12
  52.62
  55.26
  58.02
  60.92
PV of cash for distribution, $m
  -186
  -130
  -84
  -47
  -19
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Alleghany Corporation is an insurance holding company. The Company, through its subsidiary Alleghany Insurance Holdings LLC (AIHL) and its subsidiaries, is engaged in the property and casualty insurance business. AIHL's insurance operations are conducted by its subsidiaries RSUI Group, Inc. (RSUI), CapSpecialty, Inc. (CapSpecialty) and Pacific Compensation Corporation (PacificComp). Its segments include reinsurance and insurance. Its reinsurance segment consists of property and casualty reinsurance operations conducted by Transatlantic Holdings, Inc. reinsurance operating subsidiaries. Its insurance segment consists of property and casualty insurance operations conducted by AIHL through its insurance operating subsidiaries RSUI, CapSpecialty and PacificComp. AIHL Re LLC, which is a captive reinsurance company, provides reinsurance to its insurance operating subsidiaries and affiliates.

FINANCIAL RATIOS  of  Alleghany (Y)

Valuation Ratios
P/E Ratio 21.5
Price to Sales 1.6
Price to Book 1.2
Price to Tangible Book
Price to Cash Flow 12.4
Price to Free Cash Flow 12.8
Growth Rates
Sales Growth Rate 20.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -11.1%
Cap. Spend. - 3 Yr. Gr. Rate 7.1%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 18.6%
Total Debt to Equity 18.6%
Interest Coverage 9
Management Effectiveness
Return On Assets 2.2%
Ret/ On Assets - 3 Yr. Avg. 2.7%
Return On Total Capital 5%
Ret/ On T. Cap. - 3 Yr. Avg. 6.2%
Return On Equity 5.9%
Return On Equity - 3 Yr. Avg. 7.6%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 14.4%
EBITDA Margin - 3 Yr. Avg. 19.1%
Operating Margin 11.8%
Oper. Margin - 3 Yr. Avg. 15.9%
Pre-Tax Margin 10.5%
Pre-Tax Margin - 3 Yr. Avg. 14.3%
Net Profit Margin 7.4%
Net Profit Margin - 3 Yr. Avg. 10.4%
Effective Tax Rate 28.9%
Eff/ Tax Rate - 3 Yr. Avg. 27.2%
Payout Ratio 0%

Y stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the Y stock intrinsic value calculation we used $6425 million for the last fiscal year's total revenue generated by Alleghany. The default revenue input number comes from 2017 income statement of Alleghany. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our Y stock valuation model: a) initial revenue growth rate of 4.8% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 14.8%, whose default value for Y is calculated based on our internal credit rating of Alleghany, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Alleghany.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of Y stock the variable cost ratio is equal to 88.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for Y stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Alleghany.

Corporate tax rate of 27% is the nominal tax rate for Alleghany. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the Y stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for Y are equal to 384.4%.

Life of production assets of 10 years is the average useful life of capital assets used in Alleghany operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for Y is equal to -248.6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $0 million for Alleghany - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 15 million for Alleghany is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Alleghany at the current share price and the inputted number of shares is $9.6 billion.

RELATED COMPANIES Price Int.Val. Rating

COMPANY NEWS

▶ Alleghany: 2Q Earnings Snapshot   [05:08AM  Associated Press]
▶ Alleghany: 1Q Earnings Snapshot   [05:11AM  Associated Press]
▶ Alleghany posts 4Q profit   [Feb-22-18 04:11PM  Associated Press]
▶ Alleghany Q4 Earnings Preview   [11:17AM  Benzinga]
▶ Is It The Right Time To Buy Alleghany Corporation (NYSE:Y)?   [Dec-28-17 10:15AM  Simply Wall St.]
▶ ETFs with exposure to Alleghany Corp. : November 20, 2017   [Nov-20-17 01:38PM  Capital Cube]
▶ ETFs with exposure to Alleghany Corp. : November 8, 2017   [Nov-08-17 06:44PM  Capital Cube]
▶ Alleghany reports 3Q loss   [Nov-06-17 05:39AM  Associated Press]
▶ New Strong Sell Stocks for October 23rd   [Oct-23-17 08:10AM  Zacks]
▶ New Strong Sell Stocks for October 16th   [Oct-16-17 08:43AM  Zacks]
▶ ETFs with exposure to Alleghany Corp. : October 9, 2017   [Oct-09-17 12:13PM  Capital Cube]
▶ ETFs with exposure to Alleghany Corp. : September 9, 2017   [Sep-09-17 01:30AM  Capital Cube]
▶ Alleghany posts 2Q profit   [Aug-04-17 08:15PM  Associated Press]
▶ ETFs with exposure to Alleghany Corp. : July 25, 2017   [Jul-25-17 02:19PM  Capital Cube]
▶ TransRe Appoints Global Head Of Business Development   [Jul-17-17 09:00AM  PR Newswire]
▶ ETFs with exposure to Alleghany Corp. : July 14, 2017   [Jul-14-17 05:43PM  Capital Cube]
▶ Alleghany Corp. Value Analysis (NYSE:Y) : July 11, 2017   [Jul-11-17 03:53PM  Capital Cube]
▶ Zeke Ashton's Centaur Mutual Funds Semi-Annual 2017 Report   [Jul-05-17 06:01PM  GuruFocus.com]
▶ ETFs with exposure to Alleghany Corp. : July 4, 2017   [Jul-04-17 03:41PM  Capital Cube]
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