Parametric Portfolio Associates LLC Acquires 441 Shares of Alleghany Co. (NYSE:Y)

Parametric Portfolio Associates LLC increased its holdings in shares of Alleghany Co. (NYSE:Y) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,632 shares of the insurance provider’s stock after purchasing an additional 441 shares during the period. Parametric Portfolio Associates LLC’s holdings in Alleghany were worth $18,432,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd bought a new position in shares of Alleghany during the 2nd quarter valued at about $29,000. PNC Managed Account Solutions Inc. acquired a new stake in Alleghany in the 2nd quarter valued at approximately $39,000. Advisory Services Network LLC acquired a new stake in Alleghany in the 2nd quarter valued at approximately $54,000. Marshall Wace North America L.P. acquired a new stake in Alleghany in the 1st quarter valued at approximately $61,000. Finally, SRS Capital Advisors Inc. acquired a new stake in Alleghany in the 2nd quarter valued at approximately $70,000. Institutional investors and hedge funds own 83.09% of the company’s stock.

A number of equities research analysts recently issued reports on Y shares. Deutsche Bank Aktiengesellschaft lifted their target price on Alleghany from $890.00 to $915.00 and gave the company a “buy” rating in a research report on Friday, August 6th. JMP Securities reissued a “buy” rating and issued a $800.00 target price on shares of Alleghany in a research report on Thursday, November 4th.

NYSE:Y opened at $700.30 on Thursday. The firm has a market capitalization of $9.59 billion, a price-to-earnings ratio of 14.57 and a beta of 0.67. Alleghany Co. has a twelve month low of $563.47 and a twelve month high of $737.89. The stock’s 50 day moving average price is $658.99 and its two-hundred day moving average price is $672.59. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.29.

Alleghany (NYSE:Y) last posted its quarterly earnings results on Thursday, November 4th. The insurance provider reported ($1.26) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($4.60) by $3.34. The firm had revenue of $1.98 billion for the quarter. Alleghany had a return on equity of 5.22% and a net margin of 6.10%. During the same period last year, the firm earned $3.23 EPS.

Alleghany Company Profile

Alleghany Corp. engages in the provision of property, casualty reinsurance, insurance and financial services. It operates its through the Reinsurance and Insurance segments. The Reinsurance segment consists of property and casualty and other reinsurance operations. The Insurance segment consists of property and casualty insurance operations.

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Institutional Ownership by Quarter for Alleghany (NYSE:Y)

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