World Asset Management Inc Raises Position in Alleghany Corporation (Y)

World Asset Management Inc increased its stake in shares of Alleghany Corporation (NYSE:Y) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,025 shares of the insurance provider’s stock after buying an additional 19 shares during the period. World Asset Management Inc’s holdings in Alleghany Corporation were worth $610,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Speece Thorson Capital Group Inc. increased its stake in shares of Alleghany Corporation by 0.5% in the second quarter. Speece Thorson Capital Group Inc. now owns 29,742 shares of the insurance provider’s stock valued at $17,690,000 after buying an additional 135 shares during the last quarter. Rothschild Asset Management Inc. increased its stake in shares of Alleghany Corporation by 6.0% in the second quarter. Rothschild Asset Management Inc. now owns 47,356 shares of the insurance provider’s stock valued at $28,167,000 after buying an additional 2,687 shares during the last quarter. Mcrae Capital Management Inc. increased its stake in shares of Alleghany Corporation by 17.9% in the second quarter. Mcrae Capital Management Inc. now owns 660 shares of the insurance provider’s stock valued at $393,000 after buying an additional 100 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Alleghany Corporation by 6.7% in the second quarter. Janney Montgomery Scott LLC now owns 1,489 shares of the insurance provider’s stock valued at $886,000 after buying an additional 94 shares during the last quarter. Finally, Strs Ohio increased its stake in shares of Alleghany Corporation by 11.1% in the second quarter. Strs Ohio now owns 2,864 shares of the insurance provider’s stock valued at $1,703,000 after buying an additional 286 shares during the last quarter. Institutional investors own 81.69% of the company’s stock.

Alleghany Corporation (NYSE Y) traded down 0.08% during midday trading on Friday, reaching $578.98. 65,350 shares of the company’s stock were exchanged. Alleghany Corporation has a 12 month low of $510.52 and a 12 month high of $667.19. The company has a market cap of $8.93 billion, a P/E ratio of 18.76 and a beta of 0.92. The company has a 50 day moving average price of $602.47 and a 200 day moving average price of $607.81.

Alleghany Corporation (NYSE:Y) last posted its quarterly earnings results on Thursday, August 3rd. The insurance provider reported $6.37 earnings per share for the quarter, missing analysts’ consensus estimates of $8.10 by $1.73. Alleghany Corporation had a net margin of 7.74% and a return on equity of 5.70%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the company posted $4.99 EPS. The firm’s revenue was down 1.8% on a year-over-year basis. On average, equities analysts anticipate that Alleghany Corporation will post $28.17 EPS for the current year.

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Several brokerages have recently issued reports on Y. BidaskClub upgraded shares of Alleghany Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research downgraded shares of Alleghany Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Credit Suisse Group restated a “hold” rating on shares of Alleghany Corporation in a research note on Tuesday, July 11th.

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).

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

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