Alleghany Co. (Y) Position Reduced by Stevens Capital Management LP

Stevens Capital Management LP lessened its stake in Alleghany Co. (NYSE:Y) by 82.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,251 shares of the insurance provider’s stock after selling 5,923 shares during the period. Stevens Capital Management LP’s holdings in Alleghany were worth $816,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Qube Research & Technologies Ltd bought a new position in Alleghany during the 2nd quarter worth about $106,000. Simplex Trading LLC bought a new position in Alleghany during the 3rd quarter worth about $190,000. HPM Partners LLC bought a new position in Alleghany during the 2nd quarter worth about $215,000. Gideon Capital Advisors Inc. bought a new position in Alleghany during the 2nd quarter worth about $221,000. Finally, Miracle Mile Advisors LLC bought a new position in Alleghany during the 3rd quarter worth about $222,000. 81.48% of the stock is currently owned by institutional investors.

In other news, Director William K. Lavin sold 528 shares of the firm’s stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $622.84, for a total value of $328,859.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.00% of the stock is currently owned by company insiders.

Separately, Zacks Investment Research cut shares of Alleghany from a “strong-buy” rating to a “hold” rating in a report on Monday, October 8th.

NYSE:Y opened at $624.48 on Friday. Alleghany Co. has a fifty-two week low of $558.50 and a fifty-two week high of $659.88. The stock has a market capitalization of $9.36 billion, a PE ratio of 21.15 and a beta of 0.98. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.18.

Alleghany (NYSE:Y) last released its quarterly earnings results on Thursday, November 1st. The insurance provider reported ($1.07) earnings per share for the quarter, missing analysts’ consensus estimates of $3.50 by ($4.57). Alleghany had a net margin of 12.34% and a return on equity of 5.42%. The firm had revenue of $1.35 billion during the quarter. As a group, equities research analysts forecast that Alleghany Co. will post 27.95 EPS for the current year.

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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.

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Institutional Ownership by Quarter for Alleghany (NYSE:Y)

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