Principal Financial Group Inc. lowered its stake in shares of Alleghany Corporation (NYSE:Y) by 0.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,844 shares of the insurance provider’s stock after selling 109 shares during the period. Principal Financial Group Inc. owned 1.08% of Alleghany Corporation worth $91,880,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Becker Capital Management Inc. lifted its holdings in shares of Alleghany Corporation by 0.4% during the 3rd quarter. Becker Capital Management Inc. now owns 73,447 shares of the insurance provider’s stock valued at $40,690,000 after purchasing an additional 280 shares during the last quarter. State of Wisconsin Investment Board lifted its holdings in shares of Alleghany Corporation by 4.8% during the 3rd quarter. State of Wisconsin Investment Board now owns 13,912 shares of the insurance provider’s stock valued at $7,707,000 after purchasing an additional 635 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Alleghany Corporation by 7.3% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,635 shares of the insurance provider’s stock valued at $1,460,000 after purchasing an additional 179 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Alleghany Corporation by 1.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 16,005 shares of the insurance provider’s stock valued at $8,867,000 after purchasing an additional 251 shares during the last quarter. Finally, Andra AP fonden lifted its holdings in shares of Alleghany Corporation by 2.8% during the 3rd quarter. Andra AP fonden now owns 25,300 shares of the insurance provider’s stock valued at $14,016,000 after purchasing an additional 700 shares during the last quarter. Institutional investors own 81.72% of the company’s stock.

Shares of Alleghany Corporation (Y) opened at $579.61 on Friday. Alleghany Corporation has a twelve month low of $521.07 and a twelve month high of $667.19. 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 (NYSE:Y) last issued its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($22.03) EPS for the quarter, beating the 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 firm 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. analysts predict that Alleghany Corporation will post -0.24 earnings per share for the current fiscal year.

Several analysts have recently commented on the company. BidaskClub lowered Alleghany Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Zacks Investment Research lowered Alleghany Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, JMP Securities upgraded Alleghany Corporation from a “market perform” rating to an “outperform” rating and set a $625.00 price objective for the company in a report on Monday, September 11th.

WARNING: This story was first posted by Watch List News and is the property of of Watch List News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of international copyright laws. The legal version of this story can be viewed at https://www.watchlistnews.com/principal-financial-group-inc-has-91-88-million-holdings-in-alleghany-corporation-y/1698127.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.