Alleghany Corporation (Y) Stake Increased by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp lifted its position in shares of Alleghany Corporation (NYSE:Y) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,786 shares of the insurance provider’s stock after acquiring an additional 16 shares during the period. Peapack Gladstone Financial Corp owned approximately 0.11% of Alleghany Corporation worth $9,984,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC lifted its holdings in shares of Alleghany Corporation by 2,214.9% during the 2nd quarter. Janus Henderson Group PLC now owns 49,956 shares of the insurance provider’s stock worth $29,713,000 after acquiring an additional 47,798 shares during the period. Shelton Capital Management bought a new stake in shares of Alleghany Corporation during the 2nd quarter worth approximately $754,000. Flinton Capital Management LLC lifted its holdings in shares of Alleghany Corporation by 43.8% during the 2nd quarter. Flinton Capital Management LLC now owns 1,288 shares of the insurance provider’s stock worth $766,000 after acquiring an additional 392 shares during the period. Royal Bank of Canada lifted its holdings in shares of Alleghany Corporation by 0.3% during the 2nd quarter. Royal Bank of Canada now owns 44,095 shares of the insurance provider’s stock worth $26,227,000 after acquiring an additional 122 shares during the period. Finally, Employees Retirement System of Texas lifted its holdings in shares of Alleghany Corporation by 100.0% during the 2nd quarter. Employees Retirement System of Texas now owns 8,000 shares of the insurance provider’s stock worth $4,758,000 after acquiring an additional 4,000 shares during the period. 81.76% of the stock is owned by institutional investors.

A number of equities analysts recently issued reports on Y shares. BidaskClub upgraded shares of Alleghany Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. 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 research report on Monday, September 11th. Zacks Investment Research cut shares of Alleghany Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Credit Suisse Group reiterated a “hold” rating on shares of Alleghany Corporation in a research report on Tuesday, July 11th.

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Alleghany Corporation (Y) traded down 0.87% during trading on Thursday, reaching $551.06. 14,944 shares of the company were exchanged. The company has a market capitalization of $8.50 billion, a P/E ratio of 17.85 and a beta of 0.94. Alleghany Corporation has a one year low of $510.52 and a one year high of $667.19. The firm’s 50-day moving average is $562.29 and its 200 day moving average is $590.74.

Alleghany Corporation (NYSE:Y) last announced its earnings results on Thursday, August 3rd. The insurance provider reported $6.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.10 by ($1.73). Alleghany Corporation had a net margin of 7.74% and a return on equity of 5.70%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the firm earned $4.99 earnings per share. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, analysts anticipate that Alleghany Corporation will post ($2.38) EPS for the current fiscal year.

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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