Alleghany (Y) Holder Cove Street Capital Has Lifted Position by $3.69 Million as Market Valuation Declined; Private Harbour Investment Management & Counsel Lowered Holding in Southern Co (SO) by $371,228 as Market Value Rose

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Jeffrey Bronchick increased its stake in Alleghany Corp (Y) by 54.34% based on its latest 2018Q1 regulatory filing with the SEC. Cove Street Capital Llc bought 6,012 shares as the company’s stock declined 4.23% with the market. The hedge fund run by Jeffrey Bronchick held 17,075 shares of the property-casualty insurers company at the end of 2018Q1, valued at $10.49 million, up from 11,063 at the end of the previous reported quarter. Cove Street Capital Llc who had been investing in Alleghany Corp for a number of months, seems to be bullish on the $8.88 billion market cap company. The stock increased 1.00% or $5.76 during the last trading session, reaching $580.62. About 60,684 shares traded. Alleghany Corporation (NYSE:Y) has declined 0.49% since June 29, 2017 and is downtrending. It has underperformed by 13.06% the S&P500. Some Historical Y News: 18/04/2018 – S&PGR Upgrades Alleghany Insurance Cos To ‘A+’; Outlook Stable; 03/05/2018 – Alleghany Corp 1Q Rev $1.59B; 23/04/2018 – DJ Alleghany Corporation, Inst Holders, 1Q 2018 (Y); 29/05/2018 – Alleghany Capital Corporation Announces Jazwares’ Acquisition Of Russ Berrie And Applause Brands; 03/05/2018 – Alleghany Corp 1Q Adj EPS $11.24; 03/05/2018 – ALLEGHANY CORP QTRLY NET PREMIUMS WRITTEN OF $1,253.3 MLN VS $1,233.1 MLN; 03/05/2018 – Alleghany Corp 1Q Net Premiums Written $1.25 Billion; 03/05/2018 – Alleghany Corp 1Q Net Investment Income $124.1 Million; 09/05/2018 – Alleghany Corporation Buys New 10% Position in Ares Management; 22/03/2018 Alleghany Corp Closes Below 50-Day Moving Average: Technicals

Private Harbour Investment Management & Counsel Llc decreased its stake in Southern Co (SO) by 55.46% based on its latest 2018Q1 regulatory filing with the SEC. Private Harbour Investment Management & Counsel Llc sold 8,437 shares as the company’s stock rose 1.11% while stock markets declined. The institutional investor held 6,775 shares of the central company at the end of 2018Q1, valued at $303,000, down from 15,212 at the end of the previous reported quarter. Private Harbour Investment Management & Counsel Llc who had been investing in Southern Co for a number of months, seems to be less bullish one the $46.88B market cap company. The stock increased 0.02% or $0.01 during the last trading session, reaching $46.34. About 5.50 million shares traded or 6.82% up from the average. The Southern Company (NYSE:SO) has declined 11.84% since June 29, 2017 and is downtrending. It has underperformed by 24.41% the S&P500. Some Historical SO News: 10/05/2018 – Southern Co: New Construction Milestones Reached at Vogtle Nuclear Expansion; 10/04/2018 – Plant Farley Unit 1 planned activities underway for the continued production of clean, safe, reliable and affordable nuclear en; 02/05/2018 – SOUTHERN SAYS VOGTLE NUCLEAR PROJECT ‘ON TRACK’; 02/05/2018 – SOUTHERN CO 1Q REV. $6.37B, EST. $5.87B; 17/04/2018 – Southern Co. CFO Art P. Beattie to Retire; 21/05/2018 – Southern Co May Be Required to Pay NextEra Energy $100M Termination Fee if Asset Sale Terminated — Filing; 07/05/2018 – SOUTHERN CO. PLANS FIVE-YEAR, $35B CAPITAL PROGRAM, AN INDUSTRI; 16/04/2018 – Southern Co Raises Quarterly Dividend to 60c; 23/05/2018 – Southern Power enters into an agreement to sell a minority interest in solar portfolio; 09/04/2018 – Georgia Power to add 177 MW of solar resources for C&I REDI program

More recent The Southern Company (NYSE:SO) news were published by: Seekingalpha.com which released: “Of The Florida Utilities, Take NextEra” on June 27, 2018. Also Prnewswire.com published the news titled: “Georgia Power introduces Customer Rewards” on June 28, 2018. Investorplace.com‘s news article titled: “3 Big Stock Charts for Thursday: SunTrust Banks, Inc., Southern Co and Snap-on Incorporated” with publication date: June 28, 2018 was also an interesting one.

Analysts await The Southern Company (NYSE:SO) to report earnings on August, 1. They expect $0.66 earnings per share, down 9.59% or $0.07 from last year’s $0.73 per share. SO’s profit will be $667.66 million for 17.55 P/E if the $0.66 EPS becomes a reality. After $0.88 actual earnings per share reported by The Southern Company for the previous quarter, Wall Street now forecasts -25.00% negative EPS growth.

Investors sentiment decreased to 0.89 in 2018 Q1. Its down 0.21, from 1.1 in 2017Q4. It dived, as 76 investors sold SO shares while 359 reduced holdings. 75 funds opened positions while 310 raised stakes. 558.65 million shares or 1.91% more from 548.17 million shares in 2017Q4 were reported. Mackenzie Finance accumulated 17,883 shares. Moreover, Raymond James Tru Na has 0.31% invested in The Southern Company (NYSE:SO) for 101,166 shares. Amica Pension Fund Board Of Trustees owns 51,552 shares for 0.31% of their portfolio. Stratos Wealth Limited accumulated 52,118 shares. Bankshares Of Hawaii stated it has 57,815 shares or 0.22% of all its holdings. Axa reported 136,275 shares or 0.02% of all its holdings. Natixis Advisors Lp holds 56,135 shares. Prudential Public Limited Company holds 0.01% or 39,370 shares in its portfolio. Bp Public Ltd accumulated 0.19% or 115,000 shares. 1832 Asset Mngmt Lp reported 375 shares stake. British Columbia Investment Management Corp accumulated 0.19% or 544,921 shares. Intact owns 69,900 shares. Ent Financial owns 3,376 shares or 0.08% of their US portfolio. New York State Teachers Retirement Sys stated it has 0.17% of its portfolio in The Southern Company (NYSE:SO). 21,926 were accumulated by Woodstock Corp.

Among 20 analysts covering The Southern Company (NYSE:SO), 5 have Buy rating, 4 Sell and 11 Hold. Therefore 25% are positive. The Southern Company had 80 analyst reports since July 21, 2015 according to SRatingsIntel. As per Sunday, August 16, the company rating was upgraded by Zacks. The firm has “Buy” rating given on Thursday, September 14 by Guggenheim. The firm has “Hold” rating by SunTrust given on Monday, February 12. As per Monday, February 5, the company rating was maintained by SunTrust. On Monday, October 19 the stock rating was maintained by SunTrust with “Neutral”. The rating was upgraded by Deutsche Bank on Tuesday, August 1 to “Buy”. RBC Capital Markets maintained it with “Buy” rating and $53.0 target in Monday, October 30 report. BMO Capital Markets maintained The Southern Company (NYSE:SO) rating on Friday, March 31. BMO Capital Markets has “Hold” rating and $53 target. Citigroup maintained the shares of SO in report on Tuesday, October 3 with “Sell” rating. Goldman Sachs downgraded The Southern Company (NYSE:SO) on Thursday, January 11 to “Sell” rating.

Since February 27, 2018, it had 0 insider buys, and 1 insider sale for $323,501 activity.

Cove Street Capital Llc, which manages about $763.78 million and $907.30 million US Long portfolio, decreased its stake in Hallmark Financial Services Inc (NASDAQ:HALL) by 45,555 shares to 1.69M shares, valued at $15.04 million in 2018Q1, according to the filing. It also reduced its holding in Carrols Restaurant Group Inc (NASDAQ:TAST) by 151,403 shares in the quarter, leaving it with 1.50 million shares, and cut its stake in Manitex International Inc (NASDAQ:MNTX).

Among 2 analysts covering Alleghany (NYSE:Y), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Alleghany had 3 analyst reports since June 16, 2016 according to SRatingsIntel. The stock of Alleghany Corporation (NYSE:Y) earned “Hold” rating by JMP Securities on Thursday, February 22. The firm has “Buy” rating by JMP Securities given on Monday, September 11. The stock of Alleghany Corporation (NYSE:Y) has “Buy” rating given on Thursday, June 16 by Citigroup.

The Southern Company (NYSE:SO) Institutional Positions Chart