First Eagle Investment Management LLC boosted its position in shares of Alleghany Corporation (NYSE:Y) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 666,629 shares of the insurance provider’s stock after purchasing an additional 11,688 shares during the period. First Eagle Investment Management LLC owned approximately 4.33% of Alleghany Corporation worth $369,319,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its stake in Alleghany Corporation by 30.3% during the 2nd quarter. Victory Capital Management Inc. now owns 366,174 shares of the insurance provider’s stock valued at $217,800,000 after acquiring an additional 85,145 shares during the last quarter. Davis Selected Advisers bought a new position in Alleghany Corporation during the 2nd quarter valued at $46,379,000. Janus Henderson Group PLC boosted its stake in Alleghany Corporation by 2,214.9% during the 2nd quarter. Janus Henderson Group PLC now owns 49,956 shares of the insurance provider’s stock valued at $29,713,000 after acquiring an additional 47,798 shares during the last quarter. Findlay Park Partners LLP boosted its stake in Alleghany Corporation by 24.1% during the 2nd quarter. Findlay Park Partners LLP now owns 202,142 shares of the insurance provider’s stock valued at $120,234,000 after acquiring an additional 39,234 shares during the last quarter. Finally, Eaton Vance Management boosted its stake in Alleghany Corporation by 32.8% during the 2nd quarter. Eaton Vance Management now owns 155,705 shares of the insurance provider’s stock valued at $92,613,000 after acquiring an additional 38,419 shares during the last quarter. 81.02% of the stock is owned by institutional investors and hedge funds.

Alleghany Corporation (Y) traded down $5.93 during trading on Monday, reaching $579.61. 44,700 shares of the company’s stock traded hands, compared to its average volume of 49,835. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.27 and a current ratio of 0.27. Alleghany Corporation has a 52-week low of $521.07 and a 52-week high of $667.19.

Alleghany Corporation (NYSE:Y) last released its earnings results on Thursday, November 2nd. The insurance provider reported ($22.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($28.83) by $6.80. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Alleghany Corporation had a net margin of 0.10% and a negative return on equity of 0.14%. During the same quarter last year, the company earned $10.09 EPS. research analysts forecast that Alleghany Corporation will post -0.24 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Alleghany Corporation (Y) Position Raised by First Eagle Investment Management LLC” was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://www.watchlistnews.com/alleghany-corporation-y-position-raised-by-first-eagle-investment-management-llc/1700307.html.

A number of research analysts have recently issued reports on Y shares. JMP Securities upgraded shares of Alleghany Corporation from a “market perform” rating to an “outperform” rating and set a $625.00 price target on the stock in a research report on Monday, September 11th. BidaskClub downgraded shares of Alleghany Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Finally, Zacks Investment Research downgraded shares of Alleghany Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th.

Alleghany Corporation 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).

Institutional Ownership by Quarter for Alleghany Corporation (NYSE:Y)

Receive News & Ratings for Alleghany Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alleghany Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.