Rothschild & Co. Asset Management US Inc. Purchases 1,472 Shares of Alleghany Co. (Y)

Rothschild & Co. Asset Management US Inc. boosted its position in Alleghany Co. (NYSE:Y) by 3.0% during the first quarter, Holdings Channel reports. The institutional investor owned 51,272 shares of the insurance provider’s stock after purchasing an additional 1,472 shares during the period. Rothschild & Co. Asset Management US Inc.’s holdings in Alleghany were worth $31,399,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of Y. New York State Common Retirement Fund raised its stake in shares of Alleghany by 0.3% during the 1st quarter. New York State Common Retirement Fund now owns 35,350 shares of the insurance provider’s stock worth $21,648,000 after buying an additional 100 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Alleghany by 0.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 56,229 shares of the insurance provider’s stock worth $34,435,000 after buying an additional 369 shares during the period. Laurion Capital Management LP acquired a new position in shares of Alleghany during the 1st quarter worth approximately $1,793,000. Oregon Public Employees Retirement Fund raised its stake in shares of Alleghany by 29.9% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 7,769 shares of the insurance provider’s stock worth $4,758,000 after buying an additional 1,789 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Alleghany by 2.8% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 909 shares of the insurance provider’s stock worth $556,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

NYSE Y opened at $686.61 on Thursday. Alleghany Co. has a one year low of $558.50 and a one year high of $689.29. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market capitalization of $9.91 billion, a P/E ratio of 42.57 and a beta of 0.77.

Alleghany (NYSE:Y) last posted its quarterly earnings data on Tuesday, May 7th. The insurance provider reported $9.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $9.51 by $0.15. Alleghany had a return on equity of 2.53% and a net margin of 4.04%. The firm had revenue of $2.32 billion during the quarter. During the same period in the prior year, the company posted $11.24 earnings per share. The firm’s revenue for the quarter was up 46.4% compared to the same quarter last year. On average, sell-side analysts forecast that Alleghany Co. will post 38 earnings per share for the current year.

Several research firms recently commented on Y. Royal Bank of Canada reissued an “average” rating on shares of Alleghany in a research note on Thursday, May 16th. JMP Securities increased their price objective on Alleghany from $690.00 to $700.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 8th. Zacks Investment Research downgraded Alleghany from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 23rd. ValuEngine raised Alleghany from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Finally, Canaccord Genuity raised Alleghany to a “buy” rating in a research note on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Alleghany presently has an average rating of “Hold” and an average price target of $717.00.

In other Alleghany news, Director Phillip M. Martineau sold 230 shares of the company’s 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 sale, the director now directly owns 3,549 shares in the company, valued at approximately $2,177,205.03. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William K. Lavin sold 518 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $615.56, for a total value of $318,860.08. Following the completion of the sale, the director now owns 2,675 shares of the company’s stock, valued at $1,646,623. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,593 shares of company stock valued at $1,032,869. 3.44% of the stock is owned by corporate insiders.

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Alleghany Profile

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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Institutional Ownership by Quarter for Alleghany (NYSE:Y)

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