Northwestern Mutual Wealth Management Co. Has $32,000 Holdings in Alleghany Co. (NYSE:Y)

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Northwestern Mutual Wealth Management Co. raised its stake in Alleghany Co. (NYSE:Y) by 100.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40 shares of the insurance provider’s stock after acquiring an additional 20 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Alleghany were worth $32,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Anchor Capital Advisors LLC grew its position in shares of Alleghany by 100.4% during the 4th quarter. Anchor Capital Advisors LLC now owns 76,675 shares of the insurance provider’s stock worth $61,307,000 after buying an additional 38,417 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Alleghany by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 73,012 shares of the insurance provider’s stock worth $58,379,000 after buying an additional 818 shares during the period. Swiss National Bank grew its position in shares of Alleghany by 12.4% during the 4th quarter. Swiss National Bank now owns 70,122 shares of the insurance provider’s stock worth $56,067,000 after buying an additional 7,734 shares during the period. Prudential Financial Inc. grew its position in shares of Alleghany by 0.9% during the 4th quarter. Prudential Financial Inc. now owns 63,925 shares of the insurance provider’s stock worth $51,113,000 after buying an additional 585 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Alleghany by 1.0% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 55,269 shares of the insurance provider’s stock worth $44,191,000 after buying an additional 526 shares during the period. Hedge funds and other institutional investors own 82.34% of the company’s stock.

NYSE Y traded up $42.81 during trading on Thursday, reaching $558.64. 50,475 shares of the stock traded hands, compared to its average volume of 106,198. The firm has a market cap of $6.98 billion, a price-to-earnings ratio of 9.45 and a beta of 0.69. The stock’s 50-day moving average price is $688.20 and its 200 day moving average price is $761.94. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.20. Alleghany Co. has a fifty-two week low of $426.87 and a fifty-two week high of $847.95.

Alleghany (NYSE:Y) last issued its quarterly earnings data on Wednesday, February 19th. The insurance provider reported ($6.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $8.86 by ($14.95). The firm had revenue of $2.30 billion for the quarter. Alleghany had a net margin of 9.49% and a return on equity of 3.99%. The business’s revenue for the quarter was up 87.5% on a year-over-year basis. During the same period in the prior year, the company posted ($4.35) EPS. Analysts anticipate that Alleghany Co. will post 40.7 EPS for the current fiscal year.

In related news, Director William K. Lavin sold 1,016 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $778.34, for a total transaction of $790,793.44. Following the completion of the transaction, the director now owns 2,603 shares in the company, valued at $2,026,019.02. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.20% of the stock is currently owned by insiders.

Several brokerages have recently commented on Y. ValuEngine upgraded shares of Alleghany from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. JMP Securities lifted their price target on shares of Alleghany from $875.00 to $900.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 20th. Finally, Deutsche Bank lifted their price target on shares of Alleghany from $900.00 to $915.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $675.00.

About Alleghany

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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