Commonwealth of Pennsylvania Public School Empls Retrmt SYS Takes $2.37 Million Position in Alleghany Co. (Y)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Alleghany Co. (NYSE:Y) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 4,127 shares of the insurance provider’s stock, valued at approximately $2,373,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Boston Partners grew its position in shares of Alleghany by 3.3% in the first quarter. Boston Partners now owns 790,418 shares of the insurance provider’s stock valued at $485,664,000 after purchasing an additional 25,441 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Alleghany by 1.4% in the first quarter. Franklin Resources Inc. now owns 671,476 shares of the insurance provider’s stock valued at $412,582,000 after purchasing an additional 9,564 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Alleghany by 1.5% in the second quarter. Victory Capital Management Inc. now owns 515,980 shares of the insurance provider’s stock valued at $296,673,000 after purchasing an additional 7,375 shares during the last quarter. Findlay Park Partners LLP grew its position in shares of Alleghany by 4.9% in the first quarter. Findlay Park Partners LLP now owns 339,671 shares of the insurance provider’s stock valued at $208,707,000 after purchasing an additional 15,722 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of Alleghany by 3.2% in the first quarter. Legal & General Group Plc now owns 100,092 shares of the insurance provider’s stock valued at $61,533,000 after purchasing an additional 3,094 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

In other Alleghany news, Director William K. Lavin sold 293 shares of Alleghany stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $580.61, for a total transaction of $170,118.73. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.00% of the stock is currently owned by insiders.

Y stock opened at $622.45 on Tuesday. Alleghany Co. has a twelve month low of $521.07 and a twelve month high of $646.55. The stock has a market cap of $9.36 billion, a P/E ratio of 306.00 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.26 and a current ratio of 0.26.

Alleghany (NYSE:Y) last released its earnings results on Thursday, August 2nd. The insurance provider reported $9.78 earnings per share for the quarter, topping analysts’ consensus estimates of $8.41 by $1.37. Alleghany had a return on equity of 3.51% and a net margin of 4.48%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the business earned $6.37 earnings per share. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. sell-side analysts predict that Alleghany Co. will post 38 earnings per share for the current fiscal year.

Y has been the topic of a number of recent research reports. ValuEngine raised Alleghany from a “hold” rating to a “buy” rating in a research report on Thursday, July 26th. Zacks Investment Research downgraded Alleghany from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 8th.

Alleghany Profile

Alleghany Corporation provides property and casualty reinsurance and insurance products in the United States and internationally. The company operates in two segments, Reinsurance and Insurance. The Reinsurance segment offers property reinsurance products, including fire, allied lines, auto physical damage, and homeowners multiple peril reinsurance products; and casualty and other reinsurance products, such as liability, medical malpractice, ocean marine and aviation, auto liability, accident and health, surety, and credit reinsurance products.

Further Reading: What does EPS mean?

Want to see what other hedge funds are holding Y? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alleghany Co. (NYSE:Y).

Institutional Ownership by Quarter for Alleghany (NYSE:Y)

Receive News & Ratings for Alleghany Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alleghany and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply