Alleghany Co. (NYSE:Y) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 122,700 shares, a decrease of 14.1% from the June 15th total of 142,800 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 88,800 shares, the days-to-cover ratio is currently 1.4 days.

In other news, Director William K. Lavin sold 286 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $665.24, for a total value of $190,258.64. Following the sale, the director now directly owns 2,295 shares in the company, valued at $1,526,725.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Phillip M. Martineau sold 559 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $684.53, for a total transaction of $382,652.27. Following the completion of the sale, the director now owns 3,214 shares in the company, valued at $2,200,079.42. The disclosure for this sale can be found here. 3.44% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in Y. Cleararc Capital Inc. acquired a new position in shares of Alleghany in the 1st quarter valued at $228,000. Pennsylvania Trust Co acquired a new position in shares of Alleghany in the 1st quarter valued at $8,561,000. Northern Trust Corp boosted its holdings in shares of Alleghany by 0.5% in the 1st quarter. Northern Trust Corp now owns 148,022 shares of the insurance provider’s stock valued at $90,648,000 after purchasing an additional 671 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of Alleghany by 32.9% in the 1st quarter. Toronto Dominion Bank now owns 2,674 shares of the insurance provider’s stock valued at $1,637,000 after purchasing an additional 662 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Alleghany by 0.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 56,229 shares of the insurance provider’s stock valued at $34,435,000 after purchasing an additional 369 shares during the last quarter. Hedge funds and other institutional investors own 81.41% of the company’s stock.

Several analysts have recently commented on Y shares. Royal Bank of Canada increased their price target on shares of Victory Capital to $19.00 and gave the company an “outperform” rating in a research report on Thursday, May 16th. Deutsche Bank began coverage on shares of Markel in a research report on Thursday, May 23rd. They issued a “hold” rating and a $1,000.00 price target on the stock. JMP Securities raised their target price on shares of Pegasystems from $72.00 to $81.00 and gave the stock a “market outperform” rating in a research report on Wednesday, May 8th. ValuEngine upgraded shares of Alleghany from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Finally, Zacks Investment Research upgraded shares of ZovioInc . from a “sell” rating to a “hold” rating in a research report on Sunday, July 14th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Alleghany has a consensus rating of “Buy” and an average price target of $736.33.

NYSE Y traded up $8.89 during mid-day trading on Friday, reaching $703.97. 68,656 shares of the stock were exchanged, compared to its average volume of 61,243. Alleghany has a 1-year low of $574.42 and a 1-year high of $714.60. The firm’s fifty day simple moving average is $692.15. The firm has a market capitalization of $10.17 billion, a PE ratio of 43.64 and a beta of 0.68. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.34 and a quick ratio of 0.34.

Alleghany (NYSE:Y) last announced its earnings results on Tuesday, May 7th. The insurance provider reported $9.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $9.51 by $0.15. Alleghany had a net margin of 4.04% and a return on equity of 2.53%. The firm had revenue of $2.32 billion for the quarter. During the same quarter last year, the business posted $11.24 EPS. The firm’s revenue was up 46.4% compared to the same quarter last year. On average, analysts forecast that Alleghany will post 37.33 EPS for the current fiscal year.

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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