Great West Life Assurance Co. Can Has $14.70 Million Stake in Alleghany Corporation (Y)

Great West Life Assurance Co. Can reduced its stake in shares of Alleghany Corporation (NYSE:Y) by 7.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,799 shares of the insurance provider’s stock after selling 2,194 shares during the period. Great West Life Assurance Co. Can owned 0.17% of Alleghany worth $14,700,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Toronto Dominion Bank lifted its position in shares of Alleghany by 11.8% during the 2nd quarter. Toronto Dominion Bank now owns 189 shares of the insurance provider’s stock valued at $112,000 after buying an additional 20 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its position in shares of Alleghany by 1.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 206 shares of the insurance provider’s stock valued at $124,000 after buying an additional 3 shares in the last quarter. Fiduciary Trust Co. purchased a new position in shares of Alleghany during the 2nd quarter valued at about $164,000. Pacer Advisors Inc. lifted its position in shares of Alleghany by 9.7% during the 2nd quarter. Pacer Advisors Inc. now owns 327 shares of the insurance provider’s stock valued at $194,000 after buying an additional 29 shares in the last quarter. Finally, Investment Centers of America Inc. purchased a new position in shares of Alleghany during the 2nd quarter valued at about $210,000. 82.10% of the stock is currently owned by hedge funds and other institutional investors.

Alleghany Corporation (NYSE Y) traded down $4.57 during midday trading on Friday, reaching $581.02. The company had a trading volume of 94,341 shares, compared to its average volume of 70,736. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.27 and a current ratio of 0.27. Alleghany Corporation has a one year low of $521.07 and a one year high of $667.19.

Alleghany (NYSE:Y) last posted its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($22.03) EPS for the quarter, topping the Zacks’ consensus estimate of ($28.83) by $6.80. Alleghany had a negative return on equity of 0.14% and a net margin of 0.10%. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the firm earned $10.09 EPS. equities analysts forecast that Alleghany Corporation will post -0.24 earnings per share for the current year.

Y has been the topic of a number of research analyst reports. JMP Securities raised Alleghany from a “market perform” rating to an “outperform” rating and set a $625.00 price target on the stock in a report on Monday, September 11th. Zacks Investment Research raised Alleghany from a “sell” rating to a “hold” rating in a report on Monday, November 13th. Finally, BidaskClub cut Alleghany from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark laws. The legal version of this piece of content can be read at https://www.com-unik.info/2017/12/03/great-west-life-assurance-co-can-has-14-70-million-stake-in-alleghany-corporation-y.html.

Alleghany Profile

Alleghany Corporation is an insurance holding company. The Company, through its subsidiary Alleghany Insurance Holdings LLC (AIHL) and its subsidiaries, is engaged in the property and casualty insurance business. AIHL’s insurance operations are conducted by its subsidiaries RSUI Group, Inc (RSUI), CapSpecialty, Inc (CapSpecialty) and Pacific Compensation Corporation (PacificComp).

Want to see what other hedge funds are holding Y? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alleghany Corporation (NYSE:Y).

Institutional Ownership by Quarter for Alleghany (NYSE:Y)

What are top analysts saying about Alleghany Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Alleghany Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit