Opinions
The Panic-Proof Portfolio (Stockchase Research)
Alleghany Corporation
Y-N
TOP PICK
Feb 09, 2021
Stockchase Research Editor: Michael O'Reilly Y is a New York based property and casualty insurance company. Earnings are expected to show a 40% drop in 2020 that are COVID and hurricane related, but that is already factored into the price presently for the shares. Analysts expect EPS next year to be up 200% and to grow by 30% annually over the next five years. The company currently trades below book value. Over 85% of the shares are held by large institutions -- making staying power strong. We would buy this with a stop-loss at $495, looking to achieve $825 -- upside potential exceeding 35%. Yield 0% (Analysts’ price target is $825.00)
$608.110
Stock price when the opinion was issued
insurance
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TOP PICK
Stockchase Research Editor: Michael O'Reilly Y, a New York based property and casualty insurance company, is reiterated as a TOP PICK. As expected earnings showed a sizable drop that was COVID and hurricane related, but the decline was much less severe than analysts expected. Analysts expect EPS next year to be up sharply next year, projecting a forward PE of 9 versus peers at 13. The company currently trades just above book value. We continue to recommend a stop-loss at $625, looking to achieve $858 -- upside potential exceeding 28%. Yield 0% (Analysts’ price target is $857.50)
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PAST TOP PICK
(A Top Pick Jan 06/22, Down 6%)Stockchase Research Editor: Michael O’Reilly Our PAST TOP PICK with Y has triggered its stop at $625. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 2%, when combined with our previous buy recommendation.
insurance
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