Quantitative Systematic Strategies LLC Has $469,000 Stock Holdings in Alleghany Co. (NYSE:Y)

Quantitative Systematic Strategies LLC decreased its holdings in shares of Alleghany Co. (NYSE:Y) by 71.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 703 shares of the insurance provider’s stock after selling 1,780 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in Alleghany were worth $469,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in Y. Harvest Fund Management Co. Ltd acquired a new stake in Alleghany during the 2nd quarter valued at $29,000. Bessemer Group Inc. lifted its holdings in Alleghany by 120.8% during the 1st quarter. Bessemer Group Inc. now owns 53 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 29 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Alleghany by 185.0% during the 1st quarter. Fifth Third Bancorp now owns 57 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 37 shares during the last quarter. PNC Managed Account Solutions Inc. acquired a new stake in shares of Alleghany during the second quarter worth $39,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Alleghany by 186.4% during the first quarter. Acadian Asset Management LLC now owns 63 shares of the insurance provider’s stock worth $40,000 after buying an additional 41 shares in the last quarter. 82.28% of the stock is owned by institutional investors and hedge funds.

Y has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lifted their target price on Alleghany from $890.00 to $915.00 and gave the stock a “buy” rating in a report on Friday, August 6th. JMP Securities lifted their target price on Alleghany from $775.00 to $800.00 and gave the stock a “market outperform” rating in a report on Friday, August 6th.

Y opened at $627.67 on Thursday. The company has a market capitalization of $8.71 billion, a P/E ratio of 9.58 and a beta of 0.65. The stock has a fifty day moving average of $662.45 and a 200-day moving average of $671.74. Alleghany Co. has a fifty-two week low of $486.49 and a fifty-two week high of $737.89. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.27 and a current ratio of 0.27.

Alleghany (NYSE:Y) last posted its quarterly earnings results on Thursday, August 5th. The insurance provider reported $17.39 EPS for the quarter, beating the Zacks’ consensus estimate of $15.89 by $1.50. The business had revenue of $2.71 billion during the quarter. Alleghany had a return on equity of 5.93% and a net margin of 8.54%.

Alleghany Company Profile

Alleghany Corp. engages in the provision of property, casualty reinsurance, insurance and financial services. It operates its through the Reinsurance and Insurance segments. The Reinsurance segment consists of property and casualty and other reinsurance operations. The Insurance segment consists of property and casualty insurance operations.

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Institutional Ownership by Quarter for Alleghany (NYSE:Y)

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