A Director at Alleghany Corp (NYSE: Y) is Selling Shares

By Carrie Williams

Today, a Director at Alleghany Corp (NYSE: Y), Jefferson Kirby, sold shares of Y for $2.61M.

Following Jefferson Kirby’s last Y Sell transaction on April 25, 2016, the stock climbed by 128.3%. In addition to Jefferson Kirby, 13 other Y executives reported Sell trades in the last month.

Based on Alleghany Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.45 billion and quarterly net profit of $69.51 million. In comparison, last year the company earned revenue of $1.37 billion and had a net profit of $153 million. The company has a one year high of $667.19 and a one year low of $476.59. Y’s market cap is $9.87B and the company has a P/E ratio of 21.72.

In the last 30 days, insiders have sold $19.84M worth of Y shares and purchased $17.79M worth of Y shares. The insider sentiment on Alleghany Corp has been negative according to 27 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Alleghany Corp. engages in the provision of property, casualty reinsurance, insurance and financial services. It operates its through the Reinsurance and Insurance segments. The Reinsurance segment consists of property and casualty and other reinsurance operations. The Insurance segment consists of property and casualty insurance operations. The company was founded by Oris Paxton Van Sweringen and Mantis James Van Sweringen in 1929 and is headquartered in New York, NY.