Amundi Pioneer Asset Management Inc. increased its stake in Alleghany Co. (NYSE:Y) by 2.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,891 shares of the insurance provider’s stock after buying an additional 147 shares during the period. Amundi Pioneer Asset Management Inc.’s holdings in Alleghany were worth $3,619,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of Y. Victory Capital Management Inc. grew its stake in shares of Alleghany by 9.0% in the 1st quarter. Victory Capital Management Inc. now owns 508,605 shares of the insurance provider’s stock worth $312,507,000 after buying an additional 42,024 shares during the last quarter. Millennium Management LLC grew its stake in shares of Alleghany by 2,042.5% in the 4th quarter. Millennium Management LLC now owns 38,350 shares of the insurance provider’s stock worth $22,860,000 after buying an additional 36,560 shares during the last quarter. Boston Partners grew its stake in shares of Alleghany by 3.3% in the 1st quarter. Boston Partners now owns 790,418 shares of the insurance provider’s stock worth $485,664,000 after buying an additional 25,441 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC purchased a new stake in shares of Alleghany in the 4th quarter worth approximately $14,604,000. Finally, Findlay Park Partners LLP grew its stake in shares of Alleghany by 4.9% in the 1st quarter. Findlay Park Partners LLP now owns 339,671 shares of the insurance provider’s stock worth $208,707,000 after buying an additional 15,722 shares during the last quarter. Institutional investors own 82.05% of the company’s stock.
Separately, Zacks Investment Research downgraded Alleghany from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $666.50.
In related news, Director William K. Lavin sold 293 shares of the company’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $580.61, for a total value of $170,118.73. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 4.00% of the company’s stock.
Alleghany opened at $574.97 on Monday, MarketBeat.com reports. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $8.79 billion, a P/E ratio of 281.85 and a beta of 0.90. Alleghany Co. has a twelve month low of $521.07 and a twelve month high of $639.42.
Alleghany (NYSE:Y) last posted its quarterly earnings results on Thursday, May 3rd. The insurance provider reported $11.24 earnings per share for the quarter, topping the consensus estimate of $8.37 by $2.87. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.45 billion. Alleghany had a return on equity of 1.12% and a net margin of 1.74%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.67 EPS. analysts expect that Alleghany Co. will post 36.7 EPS for the current fiscal year.
Alleghany Corporation provides property and casualty reinsurance and insurance products in the United States and internationally. The company operates in two segments, Reinsurance and Insurance. The Reinsurance segment offers property reinsurance products, including fire, allied lines, auto physical damage, and homeowners multiple peril reinsurance products; and casualty and other reinsurance products, such as liability, medical malpractice, ocean marine and aviation, auto liability, accident and health, surety, and credit reinsurance products.
Want to see what other hedge funds are holding Y? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alleghany Co. (NYSE:Y).
Receive News & Ratings for Alleghany Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alleghany and related companies with MarketBeat.com's FREE daily email newsletter.