Schroder Investment Management Group lowered its position in Alleghany Corporation (NYSE:Y) by 12.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,029 shares of the insurance provider’s stock after selling 573 shares during the period. Schroder Investment Management Group’s holdings in Alleghany Corporation were worth $2,406,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of Y. Financial Architects Inc lifted its holdings in Alleghany Corporation by 2.9% in the second quarter. Financial Architects Inc now owns 175 shares of the insurance provider’s stock valued at $104,000 after acquiring an additional 5 shares during the period. Cadence Capital Management LLC lifted its holdings in Alleghany Corporation by 1.0% in the second quarter. Cadence Capital Management LLC now owns 491 shares of the insurance provider’s stock valued at $292,000 after acquiring an additional 5 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its holdings in Alleghany Corporation by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 2,671 shares of the insurance provider’s stock valued at $1,468,000 after acquiring an additional 10 shares during the period. IHT Wealth Management LLC lifted its holdings in Alleghany Corporation by 9.3% in the first quarter. IHT Wealth Management LLC now owns 165 shares of the insurance provider’s stock valued at $101,000 after acquiring an additional 14 shares during the period. Finally, World Asset Management Inc lifted its holdings in Alleghany Corporation by 1.9% in the second quarter. World Asset Management Inc now owns 1,025 shares of the insurance provider’s stock valued at $610,000 after acquiring an additional 19 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Alleghany Corporation (NYSE Y) opened at 564.24 on Friday. The stock’s 50 day moving average price is $576.42 and its 200 day moving average price is $596.92. The firm has a market capitalization of $8.70 billion, a P/E ratio of 18.28 and a beta of 0.95. Alleghany Corporation has a 52 week low of $510.52 and a 52 week high of $667.19.

Alleghany Corporation (NYSE:Y) last posted its quarterly earnings results on Thursday, August 3rd. The insurance provider reported $6.37 EPS for the quarter, missing the consensus estimate of $8.10 by ($1.73). The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.39 billion. Alleghany Corporation had a net margin of 7.74% and a return on equity of 5.70%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $4.99 earnings per share. On average, equities analysts expect that Alleghany Corporation will post $3.75 EPS for the current year.

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Y has been the subject of a number of analyst reports. Zacks Investment Research downgraded Alleghany Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. BidaskClub raised Alleghany Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Credit Suisse Group reaffirmed a “hold” rating on shares of Alleghany Corporation in a research note on Tuesday, July 11th. Finally, JMP Securities raised Alleghany Corporation from a “market perform” rating to an “outperform” rating and set a $625.00 target price for the company in a research note on Monday, September 11th.

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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