Raymond James & Associates decreased its holdings in shares of Alleghany Co. (NYSE:Y) by 5.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,038 shares of the insurance provider’s stock after selling 1,573 shares during the quarter. Raymond James & Associates’ holdings in Alleghany were worth $17,787,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of Y. Janney Montgomery Scott LLC grew 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 purchasing an additional 19 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Alleghany by 5.7% during the 4th quarter. Mackenzie Financial Corp now owns 465 shares of the insurance provider’s stock worth $290,000 after acquiring an additional 25 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Alleghany by 7.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 548 shares of the insurance provider’s stock worth $342,000 after acquiring an additional 40 shares in the last quarter. Riverview Trust Co acquired a new position in shares of Alleghany during the 4th quarter worth about $28,000. Finally, Pearl River Capital LLC acquired a new position in shares of Alleghany during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

In other news, Director Phillip M. Martineau sold 559 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $684.53, for a total value of $382,652.27. Following the completion of the transaction, the director now owns 3,214 shares in the company, valued at approximately $2,200,079.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William K. Lavin sold 518 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $615.56, for a total value of $318,860.08. Following the completion of the transaction, the director now owns 2,675 shares of the company’s stock, valued at approximately $1,646,623. The disclosure for this sale can be found here. In the last three months, insiders sold 1,593 shares of company stock worth $1,032,869. 3.44% of the stock is currently owned by company insiders.

Several equities analysts have commented on Y shares. Canaccord Genuity raised Alleghany to a “buy” rating in a report on Wednesday, February 13th. JMP Securities increased their price target on Alleghany from $675.00 to $690.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 21st. ValuEngine lowered Alleghany from a “buy” rating to a “hold” rating in a research report on Saturday, February 23rd. Zacks Investment Research lowered Alleghany from a “buy” rating to a “hold” rating in a research report on Monday, March 4th. Finally, Royal Bank of Canada reiterated an “average” rating on shares of Alleghany in a research report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $717.00.

Y stock opened at $686.61 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a market capitalization of $9.91 billion, a PE ratio of 42.57 and a beta of 0.77. Alleghany Co. has a twelve month low of $558.50 and a twelve month high of $689.29.

Alleghany (NYSE:Y) last posted its quarterly earnings results on Tuesday, May 7th. The insurance provider reported $9.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $9.51 by $0.15. The company 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 business’s revenue for the quarter was up 46.4% compared to the same quarter last year. During the same period last year, the company earned $11.24 EPS. On average, analysts expect that Alleghany Co. will post 38 earnings per share 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.

Further Reading: Earnings Per Share (EPS) Explained

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Institutional Ownership by Quarter for Alleghany (NYSE:Y)

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