Alleghany Co. (Y) Director Sells $141,098.10 in Stock

Alleghany Co. (NYSE:Y) Director Phillip M. Martineau sold 230 shares of Alleghany stock in a transaction on Friday, March 29th. The stock was sold at an average price of $613.47, for a total value of $141,098.10. Following the completion of the transaction, the director now owns 3,549 shares in the company, valued at $2,177,205.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Y opened at $646.92 on Friday. The firm has a market cap of $9.35 billion, a P/E ratio of 40.11 and a beta of 0.75. Alleghany Co. has a 1 year low of $558.50 and a 1 year high of $666.00. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.22.

Alleghany (NYSE:Y) last released its quarterly earnings data on Wednesday, February 20th. The insurance provider reported ($4.35) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($5.31) by $0.96. The firm had revenue of $1.23 billion during the quarter. Alleghany had a return on equity of 2.94% and a net margin of 0.57%. Alleghany’s revenue for the quarter was down 26.6% compared to the same quarter last year. As a group, analysts predict that Alleghany Co. will post 36 earnings per share for the current year.

Several analysts have recently commented on the company. Zacks Investment Research raised Alleghany from a “sell” rating to a “hold” rating in a research report on Saturday, January 12th. ValuEngine cut Alleghany from a “buy” rating to a “hold” rating in a research report on Saturday, February 23rd. JMP Securities raised their target price on Alleghany from $675.00 to $690.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 21st. Finally, Canaccord Genuity raised Alleghany to a “buy” rating in a research report on Wednesday, February 13th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pennsylvania Trust Co acquired a new stake in shares of Alleghany in the first quarter worth about $8,561,000. Jefferies Group LLC lifted its position in shares of Alleghany by 13.0% in the third quarter. Jefferies Group LLC now owns 957 shares of the insurance provider’s stock worth $624,000 after buying an additional 110 shares during the last quarter. Federated Investors Inc. PA lifted its position in shares of Alleghany by 1,068.8% in the third quarter. Federated Investors Inc. PA now owns 69,298 shares of the insurance provider’s stock worth $45,219,000 after buying an additional 63,369 shares during the last quarter. Pensionfund Sabic acquired a new stake in shares of Alleghany in the fourth quarter worth about $1,558,000. Finally, Xact Kapitalforvaltning AB lifted its position in shares of Alleghany by 27.0% in the fourth quarter. Xact Kapitalforvaltning AB now owns 1,881 shares of the insurance provider’s stock worth $1,172,000 after buying an additional 400 shares during the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

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About Alleghany

Alleghany Corporation provides property and casualty reinsurance and insurance products in the United States and internationally. The company operates in three segments: Reinsurance, Insurance, and Alleghany Capital. The Reinsurance segment offers fire, allied lines, auto physical damage, and homeowners multiple peril reinsurance products; and casualty and other reinsurance products, such as medical malpractice, ocean marine and aviation, accident and health, mortgage, surety, and credit reinsurance products, as well as directors' and officers', errors and omissions, general, and auto liability reinsurance.

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