Walleye Capital LLC Buys New Stake in Alleghany Co. (NYSE:Y)

Walleye Capital LLC bought a new stake in Alleghany Co. (NYSE:YGet Rating) during the first quarter, HoldingsChannel reports. The institutional investor bought 898 shares of the insurance provider’s stock, valued at approximately $761,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of Y. Versor Investments LP purchased a new stake in Alleghany in the 1st quarter valued at approximately $96,879,000. Nuance Investments LLC raised its holdings in Alleghany by 68.1% in the 1st quarter. Nuance Investments LLC now owns 235,064 shares of the insurance provider’s stock valued at $199,099,000 after acquiring an additional 95,253 shares during the last quarter. Quinn Opportunity Partners LLC acquired a new position in Alleghany in the 1st quarter valued at $80,414,000. Alpine Associates Management Inc. acquired a new position in Alleghany in the 1st quarter valued at $30,251,000. Finally, Goldman Sachs Group Inc. raised its holdings in Alleghany by 69.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 79,119 shares of the insurance provider’s stock valued at $67,014,000 after acquiring an additional 32,494 shares during the last quarter. Hedge funds and other institutional investors own 83.43% of the company’s stock.

Alleghany Trading Down 0.3 %

Shares of Y opened at $842.85 on Wednesday. The stock has a fifty day moving average of $839.31 and a two-hundred day moving average of $823.59. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.35 and a current ratio of 0.35. The company has a market capitalization of $11.34 billion, a PE ratio of 32.80 and a beta of 0.56. Alleghany Co. has a fifty-two week low of $585.10 and a fifty-two week high of $862.87.

Alleghany (NYSE:YGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The insurance provider reported $17.28 earnings per share for the quarter, missing the consensus estimate of $18.15 by ($0.87). Alleghany had a net margin of 3.03% and a return on equity of 8.41%. During the same period last year, the company earned $17.39 earnings per share.

Alleghany Company Profile

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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.

See Also

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Institutional Ownership by Quarter for Alleghany (NYSE:Y)

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