Mn Services Vermogensbeheer B.V. increased its stake in Alleghany Corporation (NYSE:Y) by 508.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,502 shares of the insurance provider’s stock after buying an additional 2,091 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Alleghany Corporation were worth $1,488,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. IHT Wealth Management LLC raised its position in shares of Alleghany Corporation by 9.3% in the first quarter. IHT Wealth Management LLC now owns 165 shares of the insurance provider’s stock valued at $101,000 after buying an additional 14 shares during the last quarter. Toronto Dominion Bank raised its position in shares of Alleghany Corporation by 26.1% in the first quarter. Toronto Dominion Bank now owns 169 shares of the insurance provider’s stock valued at $104,000 after buying an additional 35 shares during the last quarter. Point72 Asia Hong Kong Ltd raised its position in shares of Alleghany Corporation by 2,150.0% in the first quarter. Point72 Asia Hong Kong Ltd now owns 180 shares of the insurance provider’s stock valued at $111,000 after buying an additional 172 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Alleghany Corporation by 117.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 217 shares of the insurance provider’s stock valued at $133,000 after buying an additional 117 shares during the last quarter. Finally, Liberty Capital Management Inc. bought a new position in shares of Alleghany Corporation during the second quarter valued at $141,000. Institutional investors own 81.69% of the company’s stock.
Shares of Alleghany Corporation (Y) traded down 0.08% on Friday, reaching $578.98. 65,350 shares of the company’s stock traded hands. The company has a 50 day moving average price of $602.98 and a 200 day moving average price of $608.03. Alleghany Corporation has a 52 week low of $510.52 and a 52 week high of $667.19. The firm has a market capitalization of $8.93 billion, a price-to-earnings ratio of 18.76 and a beta of 0.92.
Alleghany Corporation (NYSE:Y) last released its earnings results on Thursday, August 3rd. The insurance provider reported $6.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $8.10 by $1.73. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.39 billion. Alleghany Corporation had a net margin of 7.74% and a return on equity of 5.70%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $4.99 EPS. On average, equities research analysts predict that Alleghany Corporation will post $28.17 earnings per share for the current fiscal year.
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Several brokerages have weighed in on Y. BidaskClub lowered shares of Alleghany Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Credit Suisse Group restated a “hold” rating on shares of Alleghany Corporation in a research report on Tuesday, July 11th. Finally, Zacks Investment Research lowered shares of Alleghany Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th.
Alleghany Corporation Company Profile
Alleghany Corporation is an insurance holding company. The Company, through its subsidiary Alleghany Insurance Holdings LLC (AIHL) and its subsidiaries, is engaged in the property and casualty insurance business. AIHL’s insurance operations are conducted by its subsidiaries RSUI Group, Inc (RSUI), CapSpecialty, Inc (CapSpecialty) and Pacific Compensation Corporation (PacificComp).
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