Marathon Asset Management LLP lessened its stake in Alleghany Co. (NYSE:Y) by 2.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 71,437 shares of the insurance provider’s stock after selling 1,999 shares during the period. Marathon Asset Management LLP’s holdings in Alleghany were worth $46,609,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd bought a new stake in shares of Alleghany in the 2nd quarter valued at about $106,000. Simplex Trading LLC bought a new stake in shares of Alleghany during the 3rd quarter valued at about $190,000. TMD & Associates Inc. bought a new stake in shares of Alleghany during the 3rd quarter valued at about $223,000. HPM Partners LLC bought a new stake in shares of Alleghany during the 2nd quarter valued at about $215,000. Finally, Hartford Investment Management Co. bought a new stake in shares of Alleghany during the 2nd quarter valued at about $217,000. Hedge funds and other institutional investors own 82.07% of the company’s stock.
Shares of Y opened at $621.66 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market cap of $8.93 billion, a P/E ratio of 304.74 and a beta of 0.94. Alleghany Co. has a 12 month low of $549.00 and a 12 month high of $659.88.
Alleghany (NYSE:Y) last issued its quarterly earnings results on Thursday, November 1st. The insurance provider reported ($1.07) EPS for the quarter, missing the Zacks’ consensus estimate of $3.50 by ($4.57). The business had revenue of $1.35 billion for the quarter. Alleghany had a net margin of 12.34% and a return on equity of 5.42%. On average, equities research analysts predict that Alleghany Co. will post 33.85 EPS for the current year.
A number of analysts recently commented on the company. Zacks Investment Research downgraded Alleghany from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 8th. ValuEngine raised Alleghany from a “hold” rating to a “buy” rating in a research report on Thursday, July 26th.
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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.
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