OxFORD Asset Management LLP Takes Position in Alleghany Corporation (Y)

OxFORD Asset Management LLP purchased a new stake in shares of Alleghany Corporation (NYSE:Y) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,104 shares of the insurance provider’s stock, valued at approximately $5,001,000. OxFORD Asset Management LLP owned 0.06% of Alleghany as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of Y. Russell Investments Group Ltd. boosted its position in Alleghany by 2.3% during the second quarter. Russell Investments Group Ltd. now owns 12,215 shares of the insurance provider’s stock valued at $7,266,000 after buying an additional 274 shares during the period. Strs Ohio boosted its position in Alleghany by 11.1% during the second quarter. Strs Ohio now owns 2,864 shares of the insurance provider’s stock valued at $1,703,000 after buying an additional 286 shares during the period. Janney Montgomery Scott LLC boosted its position in Alleghany by 6.7% during the second quarter. Janney Montgomery Scott LLC now owns 1,489 shares of the insurance provider’s stock valued at $886,000 after buying an additional 94 shares during the period. World Asset Management Inc boosted its position in Alleghany by 1.9% during the second quarter. World Asset Management Inc now owns 1,025 shares of the insurance provider’s stock valued at $610,000 after buying an additional 19 shares during the period. Finally, Sei Investments Co. boosted its position in Alleghany by 13.6% during the second quarter. Sei Investments Co. now owns 8,049 shares of the insurance provider’s stock valued at $4,788,000 after buying an additional 962 shares during the period. Institutional investors and hedge funds own 82.16% of the company’s stock.

Several research firms have issued reports on Y. Zacks Investment Research upgraded shares of Alleghany from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. JMP Securities raised shares of Alleghany from a “market perform” rating to an “outperform” rating and set a $625.00 price objective for the company in a research note on Monday, September 11th. Finally, BidaskClub downgraded shares of Alleghany from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th.

Shares of Alleghany Corporation (NYSE Y) traded down $6.64 during trading hours on Wednesday, hitting $578.36. 81,700 shares of the stock traded hands, compared to its average volume of 51,194. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.18. Alleghany Corporation has a 52-week low of $521.07 and a 52-week high of $667.19.

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

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Alleghany Company 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).

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Institutional Ownership by Quarter for Alleghany (NYSE:Y)

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