SG Americas Securities LLC trimmed its stake in shares of Alleghany Co. (NYSE:Y) by 92.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 457 shares of the insurance provider’s stock after selling 5,244 shares during the quarter. SG Americas Securities LLC’s holdings in Alleghany were worth $253,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Toronto Dominion Bank boosted its position in shares of Alleghany by 11.8% during the 2nd quarter. Toronto Dominion Bank now owns 189 shares of the insurance provider’s stock worth $112,000 after acquiring an additional 20 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its position in shares of Alleghany by 1.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 206 shares of the insurance provider’s stock worth $124,000 after acquiring an additional 3 shares in the last quarter. Fiduciary Trust Co. acquired a new position in shares of Alleghany during the 2nd quarter worth about $164,000. Pacer Advisors Inc. boosted its position in shares of Alleghany by 9.7% during the 2nd quarter. Pacer Advisors Inc. now owns 327 shares of the insurance provider’s stock worth $194,000 after acquiring an additional 29 shares in the last quarter. Finally, Investment Centers of America Inc. acquired a new position in shares of Alleghany during the 2nd quarter worth about $210,000. 82.22% of the stock is owned by hedge funds and other institutional investors.
Alleghany Co. (NYSE:Y) traded up $8.64 during trading on Thursday, hitting $585.85. The stock had a trading volume of 80,419 shares, compared to its average volume of 74,740. Alleghany Co. has a fifty-two week low of $521.07 and a fifty-two week high of $667.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market cap of $9,060.00, a P/E ratio of 1,428.90 and a beta of 0.96.
Alleghany (NYSE:Y) last posted its earnings results on Thursday, November 2nd. The insurance provider reported ($22.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($28.83) by $6.80. Alleghany had a negative return on equity of 0.14% and a net margin of 0.10%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the business earned $10.09 EPS. sell-side analysts forecast that Alleghany Co. will post -0.24 earnings per share for the current year.
Separately, Zacks Investment Research cut Alleghany from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 6th.
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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).
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