Public Employees Retirement Association of Colorado reduced its position in shares of Alleghany Corporation (NYSE:Y) by 10.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,658 shares of the insurance provider’s stock after selling 312 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Alleghany Corporation were worth $1,473,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Alleghany Corporation by 14.9% during the second 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 purchasing an additional 616 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Alleghany Corporation by 1.6% during the second quarter. JPMorgan Chase & Co. now owns 345,474 shares of the insurance provider’s stock worth $205,487,000 after purchasing an additional 5,434 shares during the period. Commonwealth Bank of Australia boosted its holdings in shares of Alleghany Corporation by 1,470.6% during the second quarter. Commonwealth Bank of Australia now owns 1,602 shares of the insurance provider’s stock worth $952,000 after purchasing an additional 1,500 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Alleghany Corporation by 28.6% during the second quarter. Canada Pension Plan Investment Board now owns 900 shares of the insurance provider’s stock worth $535,000 after purchasing an additional 200 shares during the period. Finally, Findlay Park Partners LLP boosted its holdings in shares of Alleghany Corporation by 24.1% during the second quarter. Findlay Park Partners LLP now owns 202,142 shares of the insurance provider’s stock worth $120,234,000 after purchasing an additional 39,234 shares during the period. Institutional investors own 81.72% of the company’s stock.

Several analysts have commented on the stock. JMP Securities upgraded shares of 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. BidaskClub lowered shares of Alleghany Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Finally, Zacks Investment Research lowered shares of Alleghany Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th.

Shares of Alleghany Corporation (Y) opened at $579.61 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 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) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($28.83) by $6.80. Alleghany Corporation had a net margin of 0.10% and a negative return on equity of 0.14%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the firm earned $10.09 earnings per share. analysts expect that Alleghany Corporation will post -0.24 EPS for the current fiscal year.

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About Alleghany Corporation

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).

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Institutional Ownership by Quarter for Alleghany Corporation (NYSE:Y)

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