Davis Selected Advisers boosted its holdings in shares of Alleghany Corporation (NYSE:Y) by 0.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,524 shares of the insurance provider’s stock after purchasing an additional 550 shares during the period. Davis Selected Advisers owned about 0.51% of Alleghany worth $43,503,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Alleghany by 14.9% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 4,750 shares of the insurance provider’s stock worth $2,825,000 after acquiring an additional 616 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Alleghany by 1.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 345,474 shares of the insurance provider’s stock worth $205,487,000 after acquiring an additional 5,434 shares during the period. Commonwealth Bank of Australia grew its holdings in shares of Alleghany by 1,470.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,602 shares of the insurance provider’s stock worth $952,000 after acquiring an additional 1,500 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of Alleghany by 28.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 900 shares of the insurance provider’s stock worth $535,000 after acquiring an additional 200 shares during the period. Finally, Findlay Park Partners LLP grew its holdings in shares of Alleghany by 24.1% during the 2nd quarter. Findlay Park Partners LLP now owns 202,142 shares of the insurance provider’s stock worth $120,234,000 after acquiring an additional 39,234 shares during the period. Institutional investors own 82.26% of the company’s stock.

Alleghany Corporation (Y) traded down $11.56 during trading on Thursday, hitting $571.40. The company had a trading volume of 74,700 shares, compared to its average volume of 53,066. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.18. Alleghany Corporation has a 52 week low of $521.07 and a 52 week high of $667.19.

Alleghany (NYSE:Y) last posted its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($22.03) earnings per share for the quarter, topping the consensus estimate of ($28.83) by $6.80. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.36 billion. Alleghany had a negative return on equity of 0.14% and a net margin of 0.10%. During the same quarter in the prior year, the business posted $10.09 EPS. analysts expect that Alleghany Corporation will post -0.24 EPS for the current fiscal year.

A number of research analysts have weighed in on the company. Zacks Investment Research upgraded Alleghany from a “sell” rating to a “hold” rating in a report on Monday, November 13th. JMP Securities upgraded Alleghany from a “market perform” rating to an “outperform” rating and set a $625.00 target price on the stock in a report on Monday, September 11th.

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Alleghany 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 (NYSE:Y)

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