Alleghany Co. (Y) Shares Sold by Mason Street Advisors LLC

Mason Street Advisors LLC decreased its holdings in Alleghany Co. (NYSE:Y) by 1.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 7,693 shares of the insurance provider’s stock after selling 79 shares during the quarter. Mason Street Advisors LLC’s holdings in Alleghany were worth $4,711,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Janney Montgomery Scott LLC raised its stake in 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 during the period. Mackenzie Financial Corp raised its stake in Alleghany by 5.7% in the fourth quarter. Mackenzie Financial Corp now owns 465 shares of the insurance provider’s stock valued at $290,000 after buying an additional 25 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its position in shares of Alleghany by 2.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 909 shares of the insurance provider’s stock valued at $556,000 after purchasing an additional 25 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of Alleghany by 7.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 548 shares of the insurance provider’s stock valued at $342,000 after purchasing an additional 40 shares during the last quarter. Finally, Riverview Trust Co acquired a new position in shares of Alleghany in the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 82.31% of the company’s stock.

Several equities analysts have recently commented on Y shares. Royal Bank of Canada reaffirmed an “average” rating on shares of Alleghany in a research report on Thursday. Canaccord Genuity raised Alleghany to a “buy” rating in a research report on Wednesday, February 13th. ValuEngine raised Alleghany from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Zacks Investment Research downgraded Alleghany from a “buy” rating to a “hold” rating in a research report on Monday, March 4th. Finally, JMP Securities upped their target price on Alleghany from $675.00 to $690.00 and gave the company a “market outperform” rating in a research report on Thursday, February 21st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $717.00.

In related news, Director Phillip M. Martineau sold 230 shares of the stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $613.47, for a total transaction of $141,098.10. Following the sale, the director now owns 3,549 shares of the company’s stock, valued at $2,177,205.03. The sale was disclosed in a document filed 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 that occurred 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 in the company, valued at approximately $1,526,725.80. The disclosure for this sale can be found here. Insiders have sold 1,034 shares of company stock worth $650,217 in the last three months. 3.44% of the stock is currently owned by company insiders.

Shares of NYSE:Y opened at $679.94 on Friday. The company has a market cap of $9.82 billion, a P/E ratio of 42.15 and a beta of 0.77. Alleghany Co. has a 1 year low of $558.50 and a 1 year high of $689.29. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.34 and a current ratio of 0.34.

Alleghany (NYSE:Y) last issued its quarterly earnings results on Tuesday, May 7th. The insurance provider reported $9.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $9.51 by $0.15. The business had revenue of $2.32 billion for the quarter. Alleghany had a return on equity of 2.53% and a net margin of 4.04%. The company’s quarterly revenue was up 46.4% compared to the same quarter last year. During the same period in the prior year, the company earned $11.24 EPS. On average, analysts anticipate that Alleghany Co. will post 38 EPS for the current fiscal year.

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Alleghany Profile

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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