Alleghany Co. (NYSE:Y) Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. trimmed its position in Alleghany Co. (NYSE:YGet Rating) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,470 shares of the insurance provider’s stock after selling 97 shares during the period. Montag A & Associates Inc.’s holdings in Alleghany were worth $1,649,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in Y. Victory Capital Management Inc. increased its position in Alleghany by 1.4% during the 4th quarter. Victory Capital Management Inc. now owns 701,587 shares of the insurance provider’s stock worth $468,373,000 after purchasing an additional 9,998 shares during the period. Wellington Management Group LLP grew its holdings in Alleghany by 7.1% during the third quarter. Wellington Management Group LLP now owns 229,386 shares of the insurance provider’s stock worth $143,231,000 after acquiring an additional 15,198 shares during the period. Sound Shore Management Inc CT raised its position in Alleghany by 8.1% in the fourth quarter. Sound Shore Management Inc CT now owns 196,048 shares of the insurance provider’s stock worth $130,880,000 after acquiring an additional 14,748 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Alleghany by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 189,571 shares of the insurance provider’s stock valued at $126,558,000 after acquiring an additional 1,988 shares during the period. Finally, Peapack Gladstone Financial Corp boosted its position in shares of Alleghany by 194.0% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 180,670 shares of the insurance provider’s stock worth $112,812,000 after purchasing an additional 119,228 shares in the last quarter. 84.44% of the stock is currently owned by institutional investors.

Shares of Y stock opened at $836.01 on Thursday. The firm’s 50-day simple moving average is $779.46 and its 200-day simple moving average is $709.25. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.33 and a quick ratio of 0.33. Alleghany Co. has a 1-year low of $585.10 and a 1-year high of $862.87. The firm has a market cap of $11.24 billion, a P/E ratio of 11.22 and a beta of 0.63.

Alleghany (NYSE:YGet Rating) last released its quarterly earnings data on Wednesday, February 23rd. The insurance provider reported $18.46 EPS for the quarter. Alleghany had a return on equity of 6.90% and a net margin of 8.62%. The business had revenue of $3.56 billion during the quarter. During the same quarter in the previous year, the company earned $6.77 earnings per share. The company’s quarterly revenue was up 33.5% on a year-over-year basis.

Several equities research analysts have recently commented on the company. StockNews.com lowered Alleghany from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th. Keefe, Bruyette & Woods lowered Alleghany from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 20th. Finally, JMP Securities downgraded Alleghany from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 19th.

About Alleghany (Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Alleghany (NYSE:Y)

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