Federated Investors Inc. PA decreased its position in shares of Alleghany Co. (NYSE:Y) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,929 shares of the insurance provider’s stock after selling 182 shares during the quarter. Federated Investors Inc. PA’s holdings in Alleghany were worth $3,409,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Schroder Investment Management Group purchased a new position in shares of Alleghany during the first quarter worth about $191,000. IBM Retirement Fund purchased a new position in shares of Alleghany during the first quarter worth about $200,000. Hartford Investment Management Co. purchased a new position in shares of Alleghany during the second quarter worth about $217,000. Gideon Capital Advisors Inc. purchased a new position in shares of Alleghany during the second quarter worth about $221,000. Finally, IFM Investors Pty Ltd purchased a new position in shares of Alleghany during the second quarter worth about $266,000. 82.25% of the stock is currently owned by institutional investors.

Shares of NYSE:Y opened at $626.61 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.26 and a quick ratio of 0.26. The stock has a market capitalization of $9.35 billion, a P/E ratio of 307.16 and a beta of 0.90. Alleghany Co. has a 52 week low of $529.81 and a 52 week high of $646.55.

Alleghany (NYSE:Y) last announced its quarterly earnings data on Thursday, August 2nd. The insurance provider reported $9.78 EPS for the quarter, beating the Zacks’ consensus estimate of $8.41 by $1.37. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.48 billion. Alleghany had a net margin of 4.48% and a return on equity of 3.51%. The firm’s revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the firm earned $6.37 earnings per share. sell-side analysts anticipate that Alleghany Co. will post 38 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on Y shares. Zacks Investment Research raised Alleghany from a “hold” rating to a “strong-buy” rating and set a $734.00 price target on the stock in a report on Wednesday, August 8th. ValuEngine upgraded shares of Alleghany from a “hold” rating to a “buy” rating in a research report on Thursday, July 26th.

Alleghany Profile

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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