Rothschild & Co. Asset Management US Inc. Trims Stake in Alleghany Co. (NYSE:Y)

Rothschild & Co. Asset Management US Inc. lowered its holdings in Alleghany Co. (NYSE:Y) by 1.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,560 shares of the insurance provider’s stock after selling 712 shares during the quarter. Rothschild & Co. Asset Management US Inc. owned 0.35% of Alleghany worth $34,437,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Janney Montgomery Scott LLC grew its stake in shares of Alleghany by 0.6% in the first quarter. Janney Montgomery Scott LLC now owns 3,135 shares of the insurance provider’s stock valued at $1,920,000 after buying an additional 19 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its stake in 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 purchasing an additional 25 shares in the last quarter. Barrett Asset Management LLC grew its stake in Alleghany by 50.0% during the 1st quarter. Barrett Asset Management LLC now owns 75 shares of the insurance provider’s stock worth $46,000 after purchasing an additional 25 shares in the last quarter. IFM Investors Pty Ltd grew its stake in Alleghany by 3.0% during the 2nd quarter. IFM Investors Pty Ltd now owns 867 shares of the insurance provider’s stock worth $591,000 after purchasing an additional 25 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in Alleghany by 3.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 903 shares of the insurance provider’s stock worth $615,000 after purchasing an additional 29 shares in the last quarter. Institutional investors own 81.33% of the company’s stock.

NYSE Y traded up $7.45 on Tuesday, hitting $682.47. 1,430 shares of the company’s stock were exchanged, compared to its average volume of 65,090. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $693.72. Alleghany Co. has a fifty-two week low of $574.42 and a fifty-two week high of $714.60. The stock has a market cap of $9.99 billion, a price-to-earnings ratio of 42.10 and a beta of 0.66.

Alleghany (NYSE:Y) last announced its earnings results on Tuesday, May 7th. The insurance provider reported $9.66 EPS for the quarter, beating analysts’ consensus estimates 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 quarter last year, the company posted $11.24 EPS. Alleghany’s quarterly revenue was up 46.4% compared to the same quarter last year. As a group, equities analysts expect that Alleghany Co. will post 37.33 EPS for the current year.

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

In related news, Director Phillip M. Martineau sold 559 shares of the 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 transaction, the director now directly owns 3,214 shares of the company’s stock, valued at approximately $2,200,079.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William K. Lavin sold 286 shares of the 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 completion of the transaction, the director now directly owns 2,295 shares in the company, valued at $1,526,725.80. The disclosure for this sale can be found here. Corporate insiders own 3.44% of the company’s stock.

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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