Panagora Asset Management Inc. Sells 84 Shares of Alleghany Co. (Y)

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Panagora Asset Management Inc. decreased its stake in shares of Alleghany Co. (NYSE:Y) by 4.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,690 shares of the insurance provider’s stock after selling 84 shares during the period. Panagora Asset Management Inc.’s holdings in Alleghany were worth $1,103,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Qube Research & Technologies Ltd purchased a new stake in shares of Alleghany in the 2nd quarter valued at about $106,000. Simplex Trading LLC purchased a new stake in shares of Alleghany in the 3rd quarter valued at about $190,000. HPM Partners LLC purchased a new stake in shares of Alleghany in the 2nd quarter valued at about $215,000. Gideon Capital Advisors Inc. purchased a new stake in shares of Alleghany in the 2nd quarter valued at about $221,000. Finally, Miracle Mile Advisors LLC purchased a new stake in shares of Alleghany in the 3rd quarter valued at about $222,000. 81.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of Alleghany stock opened at $607.21 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market cap of $8.87 billion, a PE ratio of 20.03 and a beta of 0.98. Alleghany Co. has a 12 month low of $558.50 and a 12 month high of $659.88.

Alleghany (NYSE:Y) last announced its quarterly earnings data on Thursday, November 1st. The insurance provider reported ($1.07) EPS for the quarter, missing the consensus estimate of $3.50 by ($4.57). The firm had revenue of $1.35 billion for the quarter. Alleghany had a net margin of 12.34% and a return on equity of 5.42%. Research analysts forecast that Alleghany Co. will post 27.95 EPS for the current year.

In other news, Director William K. Lavin sold 528 shares of the stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $622.84, for a total transaction of $328,859.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.00% of the stock is currently owned by corporate insiders.

Separately, Zacks Investment Research lowered Alleghany from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 8th.

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Alleghany Company Profile

Alleghany Corporation provides property and casualty reinsurance and insurance products in the United States and internationally. The company operates in two segments, Reinsurance and Insurance. The Reinsurance segment offers property reinsurance products, including fire, allied lines, auto physical damage, and homeowners multiple peril reinsurance products; and casualty and other reinsurance products, such as liability, medical malpractice, ocean marine and aviation, auto liability, accident and health, surety, and credit reinsurance products.

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Institutional Ownership by Quarter for Alleghany (NYSE:Y)

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