Alleghany Co. (NYSE:Y) Stake Increased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in Alleghany Co. (NYSE:Y) by 185.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,788 shares of the insurance provider’s stock after purchasing an additional 10,253 shares during the period. Envestnet Asset Management Inc. owned approximately 0.11% of Alleghany worth $12,595,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisor Partners LLC raised its holdings in shares of Alleghany by 4.3% during the third quarter. Advisor Partners LLC now owns 340 shares of the insurance provider’s stock worth $271,000 after acquiring an additional 14 shares in the last quarter. Aperio Group LLC increased its position in Alleghany by 0.4% during the second quarter. Aperio Group LLC now owns 4,735 shares of the insurance provider’s stock worth $3,225,000 after buying an additional 17 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in Alleghany by 0.8% during the second quarter. Municipal Employees Retirement System of Michigan now owns 2,670 shares of the insurance provider’s stock worth $1,819,000 after buying an additional 20 shares during the last quarter. IFM Investors Pty Ltd increased its position in Alleghany by 3.0% during the second quarter. IFM Investors Pty Ltd now owns 867 shares of the insurance provider’s stock worth $591,000 after buying an additional 25 shares during the last quarter. Finally, Advisory Services Network LLC increased its position in Alleghany by 300.0% during the second quarter. Advisory Services Network LLC now owns 44 shares of the insurance provider’s stock worth $29,000 after buying an additional 33 shares during the last quarter. Institutional investors own 81.37% of the company’s stock.

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

NYSE Y opened at $765.80 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a 50-day simple moving average of $777.91 and a 200 day simple moving average of $711.44. Alleghany Co. has a twelve month low of $574.42 and a twelve month high of $808.50. The stock has a market cap of $10.99 billion, a PE ratio of 47.48 and a beta of 0.62.

Alleghany (NYSE:Y) last released its earnings results on Tuesday, August 6th. The insurance provider reported $12.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $9.48 by $2.92. Alleghany had a net margin of 3.86% and a return on equity of 2.88%. The business had revenue of $2.10 billion during the quarter. During the same quarter in the previous year, the business posted $9.78 EPS. Research analysts forecast that Alleghany Co. will post 37.63 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for Alleghany (NYSE:Y)

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