Today’s Short Interest: What’s Next for Alleghany Corporation (NYSE:Y) After Having Less Shares Shorted?

November 22, 2016 - By Richard Conner   ·   0 Comments

Today's Short Interest: What's Next for Alleghany Corporation (NYSE:Y) After Having Less Shares Shorted?

The stock of Alleghany Corporation (NYSE:Y) registered a decrease of 6.4% in short interest. Y’s total short interest was 76,000 shares in November as published by FINRA. Its down 6.4% from 81,200 shares, reported previously. With 43,800 shares average volume, it will take short sellers 2 days to cover their Y’s short positions. The short interest to Alleghany Corporation’s float is 0.51%. The stock decreased 0.07% or $0.37 during the last trading session, hitting $566.02. Alleghany Corporation (NYSE:Y) has risen 9.92% since April 20, 2016 and is uptrending. It has outperformed by 5.36% the S&P500.

Alleghany Corporation is an insurance holding company. The company has a market cap of $8.71 billion. The Firm owns and manages operating subsidiaries and investments, which are involved in the property and casualty reinsurance and insurance. It has a 16.13 P/E ratio. The Firm operates through two divisions: reinsurance and insurance.

Insitutional Activity: The institutional sentiment decreased to 0.94 in 2016 Q2. Its down 0.14, from 1.08 in 2016Q1. The ratio dived, as 21 funds sold all Alleghany Corporation shares owned while 108 reduced positions. 21 funds bought stakes while 118 increased positions. They now own 12.39 million shares or 36.94% less from 19.65 million shares in 2016Q1.
Louisiana State Employees Retirement System owns 4,100 shares or 0.12% of their US portfolio. The France-based Bnp Paribas Prns has invested 0.06% in Alleghany Corporation (NYSE:Y). The Wisconsin-based Johnson Financial Group Inc has invested 0.07% in Alleghany Corporation (NYSE:Y). Aperio Group Ltd Llc holds 0.02% of its portfolio in Alleghany Corporation (NYSE:Y) for 5,329 shares. Andra Ap holds 0.36% of its portfolio in Alleghany Corporation (NYSE:Y) for 25,400 shares. Moreover, State Street Corporation has 0.03% invested in Alleghany Corporation (NYSE:Y) for 584,472 shares. Fjarde Ap has invested 0.06% of its portfolio in Alleghany Corporation (NYSE:Y). State Common Retirement Fund reported 47,600 shares or 0.04% of all its holdings. Gemmer Asset Management Ltd Llc holds 6 shares or 0% of its portfolio. Hotchkis & Wiley Cap Limited Co has 64,163 shares for 0.15% of their US portfolio. The Pennsylvania-based Brandywine Glob Investment Mgmt Lc has invested 0.06% in Alleghany Corporation (NYSE:Y). Kcg accumulated 0.02% or 2,152 shares. Glenmede Trust Company Na has invested 0.01% of its portfolio in Alleghany Corporation (NYSE:Y). California Public Employees Retirement last reported 0.04% of its portfolio in the stock. Wellington Management Group Ltd Liability Partnership last reported 0.07% of its portfolio in the stock.

Y Company Profile

Alleghany Corporation, incorporated on November 16, 1984, is an insurance holding company. The Firm owns and manages operating subsidiaries and investments, which are involved in the property and casualty reinsurance and insurance. The Firm operates through two divisions: reinsurance and insurance. The Company’s reinsurance segment consists of property and casualty reinsurance activities conducted by the Company’s subsidiary, Transatlantic Holdings, Inc. (TransRe), and its reinsurance operating subsidiaries. The Company’s insurance segment consists of property and casualty insurance activities conducted by Alleghany Insurance Holdings LLC (AIHL) through its insurance operating subsidiaries, RSUI Group, Inc. (RSUI), CapSpecialty, Inc. (CapSpecialty) and Pacific Compensation Corporation (PacificComp). The Firm owns and manages properties in the Sacramento, California region through its subsidiary, Alleghany Properties Holdings LLC (Alleghany Properties).

More notable recent Alleghany Corporation (NYSE:Y) news were published by: Prnewswire.com which released: “Alleghany Corporation Announces Preliminary Hurricane Matthew Loss Estimate” on November 17, 2016, also Prnewswire.com with their article: “Alleghany Corporation Reports 2016 Third Quarter Results — Notice” published on October 05, 2016, Reuters.com published: “BRIEF-Alleghany corporation announces preliminary hurricane Matthew loss e…” on November 17, 2016. More interesting news about Alleghany Corporation (NYSE:Y) were released by: Zacks.com and their article: “Alleghany Corporation Unit Expands Mobile Medical Services” published on November 17, 2016 as well as Businesswire.com‘s news article titled: “Fitch Affirms Alleghany Corporation; Outlook Stable” with publication date: November 15, 2016.

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By Richard Conner


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