Fmr LLC trimmed its stake in Alleghany Corporation (NYSE:Y) by 39.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,764 shares of the insurance provider’s stock after selling 5,067 shares during the period. Fmr LLC owned about 0.05% of Alleghany Corporation worth $4,618,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Alleghany Corporation by 2.6% in the second quarter. Vanguard Group Inc. now owns 1,265,276 shares of the insurance provider’s stock valued at $752,586,000 after acquiring an additional 32,388 shares during the period. Mutual of America Capital Management LLC grew its holdings in shares of Alleghany Corporation by 2.9% during the second quarter. Mutual of America Capital Management LLC now owns 12,594 shares of the insurance provider’s stock worth $7,491,000 after purchasing an additional 349 shares during the last quarter. Investment Centers of America Inc. bought a new stake in shares of Alleghany Corporation during the second quarter worth $210,000. Amalgamated Bank grew its holdings in shares of Alleghany Corporation by 23.7% during the second quarter. Amalgamated Bank now owns 2,927 shares of the insurance provider’s stock worth $1,741,000 after purchasing an additional 561 shares during the last quarter. Finally, Nationwide Fund Advisors grew its holdings in shares of Alleghany Corporation by 5.3% during the second quarter. Nationwide Fund Advisors now owns 38,674 shares of the insurance provider’s stock worth $23,003,000 after purchasing an additional 1,954 shares during the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

Shares of Alleghany Corporation (Y) opened at $583.68 on Friday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.18. Alleghany Corporation has a 1-year low of $521.07 and a 1-year high of $667.19.

Alleghany Corporation (NYSE:Y) last announced its earnings results on Thursday, November 2nd. The insurance provider reported ($22.03) EPS 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 analysts’ expectations of $1.36 billion. Alleghany Corporation had a return on equity of 5.70% and a net margin of 7.74%. During the same quarter in the prior year, the business earned $10.09 earnings per share. equities analysts predict that Alleghany Corporation will post -7.45 earnings per share for the current year.

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Several analysts have recently commented on Y shares. BidaskClub upgraded Alleghany Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Credit Suisse Group restated a “hold” rating on shares of Alleghany Corporation in a report on Tuesday, July 11th. JMP Securities upgraded Alleghany Corporation 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. Finally, Zacks Investment Research cut Alleghany Corporation from a “hold” rating to a “sell” rating in a 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)

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