Canada Pension Plan Investment Board grew its stake in Alleghany Corporation (NYSE:Y) by 66.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,500 shares of the insurance provider’s stock after purchasing an additional 600 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Alleghany Corporation were worth $831,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. YorkBridge Wealth Partners LLC increased its position in shares of Alleghany Corporation by 1.5% during the second quarter. YorkBridge Wealth Partners LLC now owns 206 shares of the insurance provider’s stock valued at $124,000 after acquiring an additional 3 shares during the last quarter. Financial Architects Inc boosted its stake in Alleghany Corporation by 2.9% during the second quarter. Financial Architects Inc now owns 175 shares of the insurance provider’s stock valued at $104,000 after buying an additional 5 shares during the period. Cadence Capital Management LLC boosted its stake in Alleghany Corporation by 1.0% during the second quarter. Cadence Capital Management LLC now owns 491 shares of the insurance provider’s stock valued at $292,000 after buying an additional 5 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its stake in Alleghany Corporation by 0.4% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 2,671 shares of the insurance provider’s stock worth $1,468,000 after purchasing an additional 10 shares during the last quarter. Finally, World Asset Management Inc lifted its stake in Alleghany Corporation by 1.9% during the second quarter. World Asset Management Inc now owns 1,025 shares of the insurance provider’s stock worth $610,000 after purchasing an additional 19 shares during the last quarter. 81.81% of the stock is owned by institutional investors.

A number of research analysts recently issued reports on Y shares. BidaskClub downgraded Alleghany Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Zacks Investment Research upgraded Alleghany Corporation from a “sell” rating to a “hold” rating in a report on Monday, November 13th. Finally, JMP Securities raised 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.

Shares of Alleghany Corporation (NYSE:Y) opened at $560.42 on Tuesday. 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 12 month low of $521.07 and a 12 month high of $667.19.

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

WARNING: This news story was first reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/canada-pension-plan-investment-board-buys-600-shares-of-alleghany-corporation-y/1717438.html.

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.