Robeco Institutional Asset Management B.V. Sells 389 Shares of Alleghany Co. (NYSE:Y)

Robeco Institutional Asset Management B.V. decreased its position in Alleghany Co. (NYSE:Y) by 2.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 12,945 shares of the insurance provider’s stock after selling 389 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Alleghany were worth $8,817,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Barrett Asset Management LLC lifted its position in Alleghany by 50.0% in the first quarter. Barrett Asset Management LLC now owns 75 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 25 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in Alleghany in the first quarter valued at approximately $59,000. Marshall Wace North America L.P. bought a new stake in Alleghany in the first quarter valued at approximately $61,000. Quadrant Capital Group LLC lifted its position in Alleghany by 730.8% in the first quarter. Quadrant Capital Group LLC now owns 108 shares of the insurance provider’s stock valued at $64,000 after purchasing an additional 95 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Alleghany in the first quarter valued at approximately $102,000. Institutional investors own 81.33% of the company’s stock.

Several research firms have recently issued reports on Y. Royal Bank of Canada reissued an “average” rating on shares of Alleghany in a research note on Thursday, May 16th. Zacks Investment Research cut Alleghany from a “buy” rating to a “hold” rating and set a $809.00 target price on the stock. in a research note on Sunday, July 14th. JMP Securities boosted their target price on Alleghany from $690.00 to $700.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 8th. Deutsche Bank began coverage on Alleghany in a research note on Thursday, May 23rd. They set a “hold” rating and a $700.00 target price on the stock. Finally, ValuEngine raised Alleghany from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $736.33.

In related news, Director William K. Lavin sold 286 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $665.24, for a total value of $190,258.64. Following the sale, the director now directly owns 2,295 shares of the company’s stock, valued at $1,526,725.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Phillip M. Martineau sold 559 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $684.53, for a total value of $382,652.27. Following the completion of the sale, the director now directly owns 3,214 shares in the company, valued at $2,200,079.42. The disclosure for this sale can be found here. 3.44% of the stock is currently owned by insiders.

Shares of Y traded up $2.06 during mid-day trading on Tuesday, hitting $677.08. 218 shares of the company’s stock traded hands, compared to its average volume of 65,090. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.20. Alleghany Co. has a 1 year low of $574.42 and a 1 year high of $714.60. The stock has a market cap of $9.99 billion, a price-to-earnings ratio of 41.92 and a beta of 0.66. The business has a 50-day simple moving average of $693.72.

Alleghany (NYSE:Y) last posted its earnings results on Tuesday, May 7th. The insurance provider reported $9.66 earnings per share (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 for the quarter. During the same period last year, the firm posted $11.24 earnings per share. Alleghany’s quarterly revenue was up 46.4% on a year-over-year basis. Equities research analysts forecast that Alleghany Co. will post 37.33 EPS for the current year.

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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Institutional Ownership by Quarter for Alleghany (NYSE:Y)

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