Toronto Dominion Bank lessened its position in shares of Alleghany Co. (NYSE:Y) by 15.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,261 shares of the insurance provider’s stock after selling 413 shares during the period. Toronto Dominion Bank’s holdings in Alleghany were worth $1,539,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale boosted its position in Alleghany by 3.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 903 shares of the insurance provider’s stock valued at $615,000 after buying an additional 29 shares during the period. O Shaughnessy Asset Management LLC purchased a new stake in Alleghany during the 1st quarter valued at $59,000. Northern Trust Corp boosted its position in Alleghany by 0.5% during the 1st quarter. Northern Trust Corp now owns 148,022 shares of the insurance provider’s stock valued at $90,648,000 after buying an additional 671 shares during the period. Tyers Asset Management LLC boosted its position in Alleghany by 105.8% during the 1st quarter. Tyers Asset Management LLC now owns 3,894 shares of the insurance provider’s stock valued at $2,385,000 after buying an additional 2,002 shares during the period. Finally, Neuburgh Advisers LLC boosted its position in Alleghany by 105.8% during the 1st quarter. Neuburgh Advisers LLC now owns 6,018 shares of the insurance provider’s stock valued at $3,685,000 after buying an additional 3,094 shares during the period. 81.18% of the stock is currently owned by institutional investors and hedge funds.

NYSE:Y traded down $22.70 on Wednesday, reaching $762.08. 59,800 shares of the stock traded hands, compared to its average volume of 77,098. The company has a market capitalization of $11.45 billion, a price-to-earnings ratio of 47.25 and a beta of 0.62. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.20. Alleghany Co. has a 12 month low of $574.42 and a 12 month high of $808.50. The company’s fifty day simple moving average is $770.47 and its 200 day simple moving average is $698.78.

Alleghany (NYSE:Y) last released its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $12.40 earnings per share for the quarter, beating analysts’ consensus estimates of $9.48 by $2.92. The business had revenue of $2.10 billion during the quarter. Alleghany had a net margin of 3.86% and a return on equity of 2.88%. During the same quarter in the prior year, the business posted $9.78 earnings per share. Equities analysts anticipate that Alleghany Co. will post 42.25 EPS for the current fiscal year.

Several equities research analysts have weighed in on the stock. Deutsche Bank raised shares of Alleghany from a “hold” rating to a “buy” rating and increased their price target for the company from $735.00 to $900.00 in a research report on Wednesday, September 4th. Credit Suisse Group set a $61.00 price target on shares of Alleghany and gave the stock a “hold” rating in a research note on Friday, August 30th. ValuEngine lowered shares of Alleghany from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. JMP Securities increased their price target on shares of Alleghany from $775.00 to $875.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Finally, Zacks Investment Research lowered shares of Alleghany from a “buy” rating to a “hold” rating and set a $809.00 price target for the company. in a research note on Sunday, July 14th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $661.25.

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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