Lomas Capital Management LLC Boosted Its Alleghany Corp Del (Y) Stake

January 21, 2018 - By Maria Brooks

Investors sentiment increased to 1.14 in Q3 2017. Its up 0.22, from 0.92 in 2017Q2. It is positive, as 28 investors sold Y shares while 89 reduced holdings. 34 funds opened positions while 99 raised stakes. 12.56 million shares or 0.02% more from 12.56 million shares in 2017Q2 were reported. 457 are owned by Sg Americas Limited Liability. Employees Retirement System Of Texas holds 0.06% in Alleghany Corporation (NYSE:Y) or 8,000 shares. State Teachers Retirement Sys reported 21,100 shares stake. Rothschild Asset Inc has invested 0.31% in Alleghany Corporation (NYSE:Y). Principal Finance Grp Incorporated holds 0.09% or 165,844 shares. Keybank Association Oh holds 0% or 550 shares in its portfolio. 21,368 were accumulated by First Trust L P. Invesco stated it has 0.01% of its portfolio in Alleghany Corporation (NYSE:Y). State Of Alaska Department Of Revenue holds 1,809 shares or 0.05% of its portfolio. Pictet Asset Management Ltd reported 5,210 shares. Jacobs Levy Equity Mngmt reported 0.01% stake. Polar Cap Llp holds 0.53% of its portfolio in Alleghany Corporation (NYSE:Y) for 85,000 shares. Contravisory Mgmt has invested 2.02% in Alleghany Corporation (NYSE:Y). Florida-based Goodhaven Capital Ltd Liability Company has invested 1.23% in Alleghany Corporation (NYSE:Y). Ing Groep Nv has invested 0.02% in Alleghany Corporation (NYSE:Y).

Daniel Lascano increased its stake in Alleghany Corp Del (Y) by 67.7% based on its latest 2017Q3 regulatory filing with the SEC. Lomas Capital Management Llc bought 28,844 shares as the company’s stock declined 10.28% while stock markets rallied. The hedge fund run by Daniel Lascano held 71,450 shares of the property-casualty insurers company at the end of 2017Q3, valued at $39.58M, up from 42,606 at the end of the previous reported quarter. Lomas Capital Management Llc who had been investing in Alleghany Corp Del for a number of months, seems to be bullish on the $9.11B market cap company. The stock increased 0.34% or $2.03 during the last trading session, reaching $591.76. About 50,759 shares traded. Alleghany Corporation (NYSE:Y) has risen 7.94% since January 21, 2017 and is uptrending. It has underperformed by 8.76% the S&P500.

Lomas Capital Management Llc, which manages about $667.52 million and $500.05 million US Long portfolio, decreased its stake in Boyd Gaming Corp (NYSE:BYD) by 175,158 shares to 438,936 shares, valued at $11.43M in 2017Q3, according to the filing. It also reduced its holding in Athene Hldg Ltd by 267,875 shares in the quarter, leaving it with 370,350 shares, and cut its stake in Renaissancere Holdings Ltd (NYSE:RNR).

Alleghany Corporation (NYSE:Y) Ratings Coverage

Among 2 analysts covering Alleghany (NYSE:Y), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Alleghany had 2 analyst reports since June 16, 2016 according to SRatingsIntel. JMP Securities upgraded Alleghany Corporation (NYSE:Y) on Monday, September 11 to “Buy” rating. The firm earned “Buy” rating on Thursday, June 16 by Citigroup.

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