Systematic Financial Management LP Increases Holdings in Alleghany Co. (Y)

Systematic Financial Management LP boosted its holdings in shares of Alleghany Co. (NYSE:Y) by 70.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,210 shares of the insurance provider’s stock after acquiring an additional 500 shares during the quarter. Systematic Financial Management LP’s holdings in Alleghany were worth $741,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Riverview Trust Co acquired a new stake in shares of Alleghany during the 4th quarter valued at about $28,000. Pearl River Capital LLC bought a new position in shares of Alleghany in the 4th quarter valued at approximately $30,000. Quadrant Capital Group LLC raised its stake in shares of Alleghany by 730.8% in the 1st quarter. Quadrant Capital Group LLC now owns 108 shares of the insurance provider’s stock valued at $64,000 after acquiring an additional 95 shares in the last quarter. Doyle Wealth Management bought a new position in shares of Alleghany in the 4th quarter valued at approximately $100,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Alleghany in the 1st quarter valued at approximately $102,000. Hedge funds and other institutional investors own 82.31% of the company’s stock.

In other news, Director Phillip M. Martineau sold 230 shares of Alleghany stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $613.47, for a total transaction of $141,098.10. Following the sale, the director now owns 3,549 shares of the company’s stock, valued at approximately $2,177,205.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William K. Lavin sold 518 shares of Alleghany stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $615.56, for a total value of $318,860.08. Following the sale, the director now directly owns 2,675 shares in the company, valued at approximately $1,646,623. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,034 shares of company stock worth $650,217. Company insiders own 3.44% of the company’s stock.

A number of research analysts recently weighed in on Y shares. Royal Bank of Canada reissued an “average” rating on shares of Alleghany in a research note on Thursday, May 16th. Canaccord Genuity raised Alleghany to a “buy” rating in a research note on Wednesday, February 13th. ValuEngine raised Alleghany from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Zacks Investment Research downgraded Alleghany from a “buy” rating to a “hold” rating in a research note on Monday, March 4th. Finally, JMP Securities raised their price objective on Alleghany from $675.00 to $690.00 and gave the company a “market outperform” rating in a research note on Thursday, February 21st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $717.00.

Shares of Y stock traded up $2.49 during trading on Tuesday, reaching $686.50. The company had a trading volume of 21,013 shares, compared to its average volume of 76,567. 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 company has a market capitalization of $9.82 billion, a price-to-earnings ratio of 42.56 and a beta of 0.77. Alleghany Co. has a one year low of $558.50 and a one year high of $689.29.

Alleghany (NYSE:Y) last issued its quarterly earnings results on Tuesday, May 7th. The insurance provider reported $9.66 EPS for the quarter, topping the Thomson Reuters’ 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 quarterly revenue was up 46.4% on a year-over-year basis. During the same period in the prior year, the firm earned $11.24 earnings per share. On average, analysts forecast that Alleghany Co. will post 38 EPS for the current fiscal 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 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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Institutional Ownership by Quarter for Alleghany (NYSE:Y)

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