Standard Life Aberdeen plc lessened its holdings in shares of Alleghany Co. (NYSE:Y) by 1.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,126 shares of the insurance provider’s stock after selling 77 shares during the quarter. Standard Life Aberdeen plc’s holdings in Alleghany were worth $3,164,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jefferies Group LLC raised its holdings in shares of Alleghany by 13.0% during the third quarter. Jefferies Group LLC now owns 957 shares of the insurance provider’s stock valued at $624,000 after buying an additional 110 shares during the last quarter. Federated Investors Inc. PA raised its holdings in shares of Alleghany by 1,068.8% during the third quarter. Federated Investors Inc. PA now owns 69,298 shares of the insurance provider’s stock valued at $45,219,000 after buying an additional 63,369 shares during the last quarter. Pensionfund Sabic bought a new stake in shares of Alleghany during the fourth quarter valued at approximately $1,558,000. Xact Kapitalforvaltning AB raised its holdings in shares of Alleghany by 27.0% during the fourth quarter. Xact Kapitalforvaltning AB now owns 1,881 shares of the insurance provider’s stock valued at $1,172,000 after buying an additional 400 shares during the last quarter. Finally, Mraz Amerine & Associates Inc. raised its holdings in shares of Alleghany by 0.6% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 38,381 shares of the insurance provider’s stock valued at $23,924,000 after buying an additional 229 shares during the last quarter. 80.07% of the stock is currently owned by institutional investors.

NYSE Y opened at $615.67 on Friday. Alleghany Co. has a 12 month low of $558.50 and a 12 month high of $666.00. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.22. The company has a market cap of $8.91 billion, a P/E ratio of 38.17 and a beta of 0.76.

Alleghany (NYSE:Y) last posted its quarterly earnings data on Wednesday, February 20th. The insurance provider reported ($4.35) EPS for the quarter, beating the Zacks’ consensus estimate of ($5.31) by $0.96. The business had revenue of $1.23 billion for the quarter. Alleghany had a net margin of 0.57% and a return on equity of 2.94%. The company’s revenue was down 26.6% compared to the same quarter last year. Sell-side analysts predict that Alleghany Co. will post 36 EPS for the current fiscal year.

A number of research analysts recently commented on Y shares. Zacks Investment Research reiterated a “sell” rating on shares of Alleghany in a research note on Saturday, November 17th. JMP Securities raised their price objective on shares of Alleghany from $675.00 to $690.00 and gave the company a “market outperform” rating in a research note on Thursday, February 21st. ValuEngine lowered shares of Alleghany from a “buy” rating to a “hold” rating in a research note on Saturday, February 23rd. Finally, Canaccord Genuity upgraded shares of Alleghany to a “buy” rating in a research note on Wednesday, February 13th.

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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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