KBC Group NV lessened its holdings in shares of Alleghany Co. (NYSE:Y – Get Rating) by 7.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,570 shares of the insurance provider’s stock after selling 128 shares during the period. KBC Group NV’s holdings in Alleghany were worth $1,308,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the business. Koshinski Asset Management Inc. boosted its stake in Alleghany by 133.3% during the 1st quarter. Koshinski Asset Management Inc. now owns 35 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 20 shares during the period. JFS Wealth Advisors LLC boosted its stake in Alleghany by 1,266.7% during the 1st quarter. JFS Wealth Advisors LLC now owns 41 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 38 shares during the period. Quadrant Capital Group LLC boosted its stake in Alleghany by 716.7% during the 1st quarter. Quadrant Capital Group LLC now owns 49 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 43 shares during the period. Quent Capital LLC boosted its stake in Alleghany by 581.8% during the 1st quarter. Quent Capital LLC now owns 75 shares of the insurance provider’s stock valued at $64,000 after purchasing an additional 64 shares during the period. Finally, Wolverine Asset Management LLC acquired a new position in Alleghany during the 1st quarter valued at about $84,000. Institutional investors own 83.43% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on shares of Alleghany in a research note on Wednesday. They issued a “hold” rating for the company.
Alleghany Trading Down 0.1 %
Shares of NYSE:Y opened at $841.47 on Thursday. The company has a 50 day moving average of $840.99 and a 200-day moving average of $838.16. The firm has a market cap of $11.32 billion, a P/E ratio of 32.74 and a beta of 0.55. Alleghany Co. has a twelve month low of $585.10 and a twelve month high of $862.87. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.30.
Alleghany (NYSE:Y – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The insurance provider reported $17.28 earnings per share for the quarter. Alleghany had a net margin of 3.03% and a return on equity of 8.41%. The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the business posted $17.39 EPS.
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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