Acadian Asset Management LLC Lowers Stake in Alleghany Co. (Y)

Acadian Asset Management LLC decreased its stake in Alleghany Co. (NYSE:Y) by 51.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 4,826 shares of the insurance provider’s stock after selling 5,209 shares during the period. Acadian Asset Management LLC’s holdings in Alleghany were worth $2,966,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Alleghany by 2.1% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 48,345 shares of the insurance provider’s stock valued at $25,382,000 after buying an additional 1,013 shares during the period. Rothschild Asset Management Inc. raised its position in shares of Alleghany by 9.8% in the third quarter. Rothschild Asset Management Inc. now owns 41,536 shares of the insurance provider’s stock valued at $21,807,000 after buying an additional 3,698 shares in the last quarter. First Citizens Bank & Trust Co. raised its position in shares of Alleghany by 0.7% in the third quarter. First Citizens Bank & Trust Co. now owns 1,586 shares of the insurance provider’s stock valued at $833,000 after buying an additional 11 shares in the last quarter. Becker Capital Management Inc. raised its position in shares of Alleghany by 0.4% in the third quarter. Becker Capital Management Inc. now owns 78,290 shares of the insurance provider’s stock valued at $41,104,000 after buying an additional 292 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its position in shares of Alleghany by 1.5% in the third quarter. Mutual of America Capital Management LLC now owns 11,772 shares of the insurance provider’s stock valued at $6,181,000 after buying an additional 169 shares in the last quarter. 81.42% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Alleghany (NYSE:Y)

Shares of Alleghany Co. (NYSE:Y) traded up 0.78% during trading on Friday, reaching $570.91. 9,061 shares of the company traded hands. The firm has a market capitalization of $8.80 billion, a price-to-earnings ratio of 19.50 and a beta of 0.91. The company has a 50 day moving average price of $600.96 and a 200 day moving average price of $602.83. Alleghany Co. has a 12-month low of $510.17 and a 12-month high of $667.19.

Alleghany (NYSE:Y) last announced its quarterly earnings data on Wednesday, February 22nd. The insurance provider reported $7.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.75 by $1.27. Alleghany had a net margin of 9.02% and a return on equity of 6.39%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the business posted $8.84 earnings per share. Alleghany’s revenue was down 3.3% compared to the same quarter last year. On average, equities analysts predict that Alleghany Co. will post $30.85 EPS for the current year.

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In other Alleghany news, Director Phillip M. Martineau sold 510 shares of the stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $647.10, for a total value of $330,021.00. Following the sale, the director now directly owns 2,842 shares in the company, valued at $1,839,058.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William K. Lavin sold 321 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $582.50, for a total transaction of $186,982.50. Following the completion of the sale, the director now owns 2,499 shares in the company, valued at $1,455,667.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,442 shares of company stock worth $3,481,511. Company insiders own 4.10% of the company’s stock.

About Alleghany

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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