Korea Investment CORP cut its stake in shares of Alleghany Corporation (NYSE:Y) by 6.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,115 shares of the insurance provider’s stock after selling 300 shares during the period. Korea Investment CORP’s holdings in Alleghany Corporation were worth $2,280,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Trust Advisors LP lifted its position in shares of Alleghany Corporation by 6.4% in the third quarter. First Trust Advisors LP now owns 21,368 shares of the insurance provider’s stock valued at $11,838,000 after buying an additional 1,287 shares during the last quarter. Nationwide Fund Advisors lifted its position in shares of Alleghany Corporation by 1.9% in the third quarter. Nationwide Fund Advisors now owns 39,413 shares of the insurance provider’s stock valued at $21,835,000 after buying an additional 739 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Alleghany Corporation by 30.7% in the third quarter. Assenagon Asset Management S.A. now owns 49,875 shares of the insurance provider’s stock valued at $27,631,000 after buying an additional 11,712 shares during the last quarter. PGGM Investments lifted its position in shares of Alleghany Corporation by 215.4% in the third quarter. PGGM Investments now owns 39,710 shares of the insurance provider’s stock valued at $22,000,000 after buying an additional 27,121 shares during the last quarter. Finally, Toronto Dominion Bank lifted its position in shares of Alleghany Corporation by 11.8% in the second quarter. Toronto Dominion Bank now owns 189 shares of the insurance provider’s stock valued at $112,000 after buying an additional 20 shares during the last quarter. 81.72% of the stock is owned by hedge funds and other institutional investors.

Alleghany Corporation (NYSE:Y) opened at $583.68 on Monday. 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 Corporation (NYSE:Y) last announced its earnings results on Thursday, November 2nd. The insurance provider reported ($22.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($28.83) by $6.80. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.36 billion. Alleghany Corporation had a negative return on equity of 0.14% and a net margin of 0.10%. During the same quarter last year, the company earned $10.09 earnings per share. research analysts anticipate that Alleghany Corporation will post -7.45 earnings per share for the current year.

A number of brokerages have recently weighed in on Y. 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 research note on Monday, September 11th. BidaskClub upgraded Alleghany Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research lowered Alleghany Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Credit Suisse Group reiterated a “hold” rating on shares of Alleghany Corporation in a research note on Tuesday, July 11th.

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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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