Zacks Investment Management boosted its position in shares of Alleghany Corporation (NYSE:Y) by 2.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,285 shares of the insurance provider’s stock after buying an additional 92 shares during the quarter. Zacks Investment Management’s holdings in Alleghany Corporation were worth $1,954,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of Y. Bank of Hawaii raised its holdings in Alleghany Corporation by 3.8% in the 2nd quarter. Bank of Hawaii now owns 1,542 shares of the insurance provider’s stock worth $917,000 after purchasing an additional 56 shares in the last quarter. TLP Group LLC bought a new position in Alleghany Corporation in the 2nd quarter worth $238,000. Suntrust Banks Inc. raised its holdings in Alleghany Corporation by 5.5% in the 2nd quarter. Suntrust Banks Inc. now owns 1,556 shares of the insurance provider’s stock worth $924,000 after purchasing an additional 81 shares in the last quarter. M&T Bank Corp raised its holdings in Alleghany Corporation by 1.4% in the 2nd quarter. M&T Bank Corp now owns 7,397 shares of the insurance provider’s stock worth $4,400,000 after purchasing an additional 102 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Alleghany Corporation by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,265,276 shares of the insurance provider’s stock worth $752,586,000 after purchasing an additional 32,388 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Shares of Alleghany Corporation (Y) opened at 554.01 on Friday. Alleghany Corporation has a 52-week low of $510.52 and a 52-week high of $667.19. The stock has a market capitalization of $8.54 billion, a P/E ratio of 17.95 and a beta of 0.95. The stock has a 50 day moving average of $576.42 and a 200-day moving average of $596.92.

Alleghany Corporation (NYSE:Y) last released its quarterly earnings data on Thursday, August 3rd. The insurance provider reported $6.37 earnings per share for the quarter, missing the consensus estimate of $8.10 by ($1.73). The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. Alleghany Corporation had a net margin of 7.74% and a return on equity of 5.70%. The business’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.99 earnings per share. Analysts predict that Alleghany Corporation will post $3.75 EPS for the current fiscal year.

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A number of analysts have recently weighed in on the stock. BidaskClub raised shares of Alleghany Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. JMP Securities raised shares of Alleghany Corporation from a “market perform” rating to an “outperform” rating and set a $625.00 target price on the stock in a research report on Monday, September 11th. Zacks Investment Research downgraded shares of Alleghany Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Credit Suisse Group reaffirmed a “hold” rating on shares of Alleghany Corporation in a research report on Tuesday, July 11th.

About Alleghany Corporation

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)

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