NN Investment Partners Holdings N.V. Lowers Stake in Alleghany Co. (NYSE:Y)

NN Investment Partners Holdings N.V. lowered its stake in shares of Alleghany Co. (NYSE:Y) by 81.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 220 shares of the insurance provider’s stock after selling 952 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Alleghany were worth $107,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Pearl River Capital LLC acquired a new stake in shares of Alleghany in the 1st quarter valued at $35,000. Marshall Wace North America L.P. acquired a new position in Alleghany in the first quarter valued at $61,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Alleghany in the first quarter valued at $78,000. US Bancorp DE boosted its holdings in shares of Alleghany by 104.8% in the first quarter. US Bancorp DE now owns 170 shares of the insurance provider’s stock valued at $94,000 after acquiring an additional 87 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Alleghany in the fourth quarter valued at about $95,000. 81.84% of the stock is owned by institutional investors.

A number of research firms recently commented on Y. Deutsche Bank decreased their price objective on shares of Alleghany from $800.00 to $700.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. ValuEngine raised shares of Alleghany from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Finally, JMP Securities dropped their price target on shares of Alleghany from $900.00 to $850.00 and set a “market outperform” rating for the company in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $608.75.

Shares of Y stock opened at $522.32 on Friday. The company has a market capitalization of $7.45 billion, a PE ratio of 156.38 and a beta of 0.62. The firm has a fifty day simple moving average of $501.32 and a 200-day simple moving average of $595.90. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.19. Alleghany Co. has a twelve month low of $426.87 and a twelve month high of $847.95.

Alleghany (NYSE:Y) last posted its quarterly earnings data on Tuesday, May 5th. The insurance provider reported $4.99 EPS for the quarter, missing the Zacks’ consensus estimate of $7.95 by ($2.96). Alleghany had a net margin of 0.69% and a return on equity of 3.26%. The company had revenue of $2.02 billion for the quarter. Equities research analysts predict that Alleghany Co. will post 5.8 EPS for the current year.

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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