Quantitative Systematic Strategies LLC purchased a new stake in shares of Alleghany Co. (NYSE:Y) in the 4th quarter, Holdings Channel reports. The fund purchased 1,199 shares of the insurance provider’s stock, valued at approximately $715,000.
Several other institutional investors also recently bought and sold shares of Y. Numeric Investors LLC bought a new stake in shares of Alleghany during the second quarter valued at approximately $268,000. Balyasny Asset Management LLC raised its stake in shares of Alleghany by 69.4% during the second quarter. Balyasny Asset Management LLC now owns 10,946 shares of the insurance provider’s stock valued at $6,511,000 after acquiring an additional 4,484 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Alleghany by 0.3% during the second quarter. Royal Bank of Canada now owns 44,095 shares of the insurance provider’s stock valued at $26,227,000 after acquiring an additional 122 shares in the last quarter. Flinton Capital Management LLC raised its stake in Alleghany by 43.8% in the second quarter. Flinton Capital Management LLC now owns 1,288 shares of the insurance provider’s stock worth $766,000 after buying an additional 392 shares in the last quarter. Finally, Shelton Capital Management bought a new position in Alleghany in the second quarter worth approximately $754,000. 82.21% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research raised shares of Alleghany from a “hold” rating to a “strong-buy” rating and set a $683.00 price objective for the company in a research note on Sunday, January 21st.
Alleghany Co. (NYSE Y) opened at $617.96 on Monday. Alleghany Co. has a 12 month low of $521.07 and a 12 month high of $667.19. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.18.
Alleghany (NYSE:Y) last issued its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($22.03) EPS for the quarter, topping analysts’ consensus estimates of ($28.83) by $6.80. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.36 billion. Alleghany had a net margin of 0.10% and a negative return on equity of 0.14%. During the same quarter in the previous year, the firm posted $10.09 earnings per share. analysts forecast that Alleghany Co. will post -0.24 EPS for the current fiscal year.
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Alleghany Company Profile
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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