Deutsche Bank AG Acquires 162 Shares of Alleghany Co. (Y)

Deutsche Bank AG boosted its holdings in shares of Alleghany Co. (NYSE:Y) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,932 shares of the insurance provider’s stock after buying an additional 162 shares during the period. Deutsche Bank AG owned about 0.14% of Alleghany worth $12,422,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Riverview Trust Co acquired a new stake in shares of Alleghany in the 4th quarter valued at $28,000. Pearl River Capital LLC acquired a new stake in shares of Alleghany in the 4th quarter valued at $30,000. Doyle Wealth Management acquired a new stake in shares of Alleghany in the 4th quarter valued at $100,000. Quantamental Technologies LLC acquired a new stake in shares of Alleghany in the 4th quarter valued at $183,000. Finally, Advisor Partners LLC acquired a new stake in shares of Alleghany in the 4th quarter valued at $220,000. Hedge funds and other institutional investors own 82.85% of the company’s stock.

Shares of NYSE:Y opened at $628.80 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.33 and a current ratio of 0.33. Alleghany Co. has a 52 week low of $558.50 and a 52 week high of $666.00. The firm has a market capitalization of $9.07 billion, a PE ratio of 38.98 and a beta of 0.75.



Alleghany (NYSE:Y) last released its quarterly earnings results on Wednesday, February 20th. The insurance provider reported ($4.35) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($5.31) by $0.96. Alleghany had a return on equity of 2.94% and a net margin of 0.57%. The business had revenue of $1.23 billion during the quarter. The firm’s revenue for the quarter was down 26.6% compared to the same quarter last year. On average, sell-side analysts forecast that Alleghany Co. will post 36 EPS for the current year.

In related news, Director William K. Lavin sold 518 shares of Alleghany stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $615.56, for a total value of $318,860.08. Following the completion of the transaction, the director now directly owns 2,675 shares of the company’s stock, valued at $1,646,623. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Phillip M. Martineau sold 230 shares of Alleghany stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $613.47, for a total value of $141,098.10. Following the completion of the transaction, the director now directly owns 3,549 shares of the company’s stock, valued at $2,177,205.03. The disclosure for this sale can be found here. Insiders own 3.44% of the company’s stock.

Y has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Alleghany from a “sell” rating to a “hold” rating in a research note on Saturday, January 12th. ValuEngine downgraded shares of Alleghany from a “buy” rating to a “hold” rating in a research note on Saturday, February 23rd. JMP Securities boosted their target price on shares of Alleghany from $675.00 to $690.00 and gave the company a “market outperform” rating in a research note on Thursday, February 21st. Finally, Canaccord Genuity upgraded shares of Alleghany to a “buy” rating in a research note on Wednesday, February 13th.

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Alleghany Company Profile

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.

Further Reading: Average Daily Trade Volume – ADTV

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Institutional Ownership by Quarter for Alleghany (NYSE:Y)

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