Stifel Financial Corp lowered its position in Alleghany Corporation (NYSE:Y) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,624 shares of the insurance provider’s stock after selling 76 shares during the period. Stifel Financial Corp’s holdings in Alleghany Corporation were worth $2,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Credit Agricole S A increased its position in shares of Alleghany Corporation by 12.9% during the first quarter. Credit Agricole S A now owns 5,469 shares of the insurance provider’s stock worth $3,362,000 after acquiring an additional 626 shares during the period. OppenheimerFunds Inc. increased its position in shares of Alleghany Corporation by 13.4% during the first quarter. OppenheimerFunds Inc. now owns 2,399 shares of the insurance provider’s stock worth $1,475,000 after acquiring an additional 284 shares during the period. FMR LLC increased its position in shares of Alleghany Corporation by 3.8% during the first quarter. FMR LLC now owns 12,831 shares of the insurance provider’s stock worth $7,887,000 after acquiring an additional 465 shares during the period. Teachers Advisors LLC increased its position in shares of Alleghany Corporation by 5.8% during the first quarter. Teachers Advisors LLC now owns 17,830 shares of the insurance provider’s stock worth $10,959,000 after acquiring an additional 982 shares during the period. Finally, Thrivent Financial For Lutherans increased its position in shares of Alleghany Corporation by 348.5% during the first quarter. Thrivent Financial For Lutherans now owns 11,750 shares of the insurance provider’s stock worth $7,222,000 after acquiring an additional 9,130 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

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Shares of Alleghany Corporation (NYSE:Y) opened at 546.00 on Friday. Alleghany Corporation has a 1-year low of $510.52 and a 1-year high of $667.19. The firm has a market capitalization of $8.42 billion, a P/E ratio of 17.69 and a beta of 0.94. The stock’s 50 day moving average is $556.46 and its 200 day moving average is $587.67.

Alleghany Corporation (NYSE:Y) last posted its earnings results on Thursday, August 3rd. The insurance provider reported $6.37 EPS for the quarter, missing the Zacks’ consensus estimate of $8.10 by ($1.73). The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Alleghany Corporation had a net margin of 7.74% and a return on equity of 5.70%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period last year, the business earned $4.99 earnings per share. Equities analysts predict that Alleghany Corporation will post ($2.38) earnings per share for the current year.

Y has been the topic of several research reports. Zacks Investment Research lowered shares of Alleghany Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. BidaskClub upgraded shares of Alleghany Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. JMP Securities upgraded shares of 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. Finally, Credit Suisse Group restated a “hold” rating on shares of Alleghany Corporation in a research note on Tuesday, July 11th.

Alleghany Corporation Company 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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