Home Medical Malpractice Wolverine Asset Management LLC Takes $84,000 Position in Alleghany Co. (NYSE:Y)

Wolverine Asset Management LLC Takes $84,000 Position in Alleghany Co. (NYSE:Y)

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Wolverine Asset Management LLC acquired a new position in Alleghany Co. (NYSE:Y – Get Rating) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 100 shares of the insurance provider’s stock, valued at approximately $84,000.

A number of other hedge funds have also bought and sold shares of the business. National Bank of Canada FI bought a new position in shares of Alleghany during the 4th quarter valued at $29,000. Allspring Global Investments Holdings LLC purchased a new position in Alleghany in the fourth quarter worth about $5,139,000. Commonwealth Equity Services LLC grew its stake in shares of Alleghany by 15.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,285 shares of the insurance provider’s stock valued at $858,000 after purchasing an additional 169 shares during the period. Yousif Capital Management LLC purchased a new stake in shares of Alleghany during the 4th quarter valued at about $4,960,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Alleghany by 0.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 5,650 shares of the insurance provider’s stock worth $3,772,000 after purchasing an additional 23 shares during the period. Hedge funds and other institutional investors own 84.44% of the company’s stock.

Alleghany Price Performance

Shares of NYSE:Y opened at $837.94 on Thursday. The firm’s 50 day simple moving average is $834.09 and its two-hundred day simple moving average is $782.52. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market capitalization of $11.27 billion, a P/E ratio of 12.42 and a beta of 0.57. Alleghany Co. has a 1-year low of $585.10 and a 1-year high of $862.87.

Alleghany (NYSE:Y – Get Rating) last issued its earnings results on Thursday, May 5th. The insurance provider reported $18.85 earnings per share for the quarter. The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.21 billion. Alleghany had a net margin of 7.71% and a return on equity of 8.22%. During the same quarter in the prior year, the firm posted $9.81 EPS.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on Y. StockNews.com lowered shares of Alleghany from a “buy” rating to a “hold” rating in a research report on Wednesday, April 13th. Keefe, Bruyette & Woods downgraded shares of Alleghany from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 20th. Finally, JMP Securities cut Alleghany from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 19th.

Alleghany 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.

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Institutional Ownership by Quarter for Alleghany (NYSE:Y)



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