18,401 Shares in Alleghany Co. (Y) Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new stake in Alleghany Co. (NYSE:Y) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 18,401 shares of the insurance provider’s stock, valued at approximately $12,007,000. Assenagon Asset Management S.A. owned approximately 0.12% of Alleghany at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in Y. A.R.T. Advisors LLC acquired a new stake in shares of Alleghany during the 1st quarter valued at approximately $374,000. Royal Bank of Canada lifted its position in shares of Alleghany by 8.4% during the 1st quarter. Royal Bank of Canada now owns 9,942 shares of the insurance provider’s stock valued at $6,109,000 after acquiring an additional 770 shares during the period. Suntrust Banks Inc. lifted its position in shares of Alleghany by 26.3% during the 1st quarter. Suntrust Banks Inc. now owns 1,741 shares of the insurance provider’s stock valued at $1,067,000 after acquiring an additional 362 shares during the period. IFM Investors Pty Ltd acquired a new stake in shares of Alleghany during the 2nd quarter valued at approximately $266,000. Finally, Moon Capital Management LLC lifted its position in shares of Alleghany by 7.0% during the 2nd quarter. Moon Capital Management LLC now owns 6,032 shares of the insurance provider’s stock valued at $3,468,000 after acquiring an additional 395 shares during the period. 81.92% of the stock is currently owned by institutional investors.

Shares of Alleghany stock opened at $597.24 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.26 and a quick ratio of 0.26. Alleghany Co. has a 1 year low of $549.00 and a 1 year high of $659.88. The company has a market cap of $8.67 billion, a P/E ratio of 292.76 and a beta of 0.88.

Alleghany (NYSE:Y) last issued its quarterly earnings data on Thursday, August 2nd. The insurance provider reported $9.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $8.41 by $1.37. Alleghany had a return on equity of 3.51% and a net margin of 4.48%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm posted $6.37 EPS. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. On average, analysts forecast that Alleghany Co. will post 33.85 EPS for the current fiscal year.

A number of research firms have recently issued reports on Y. Zacks Investment Research downgraded shares of Alleghany from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 8th. ValuEngine upgraded Alleghany from a “hold” rating to a “buy” rating in a research report on Thursday, July 26th.

About Alleghany

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: Dividend

Institutional Ownership by Quarter for Alleghany (NYSE:Y)

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