State of Wisconsin Investment Board raised its position in shares of Alleghany Corporation (NYSE:Y) by 4.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,912 shares of the insurance provider’s stock after purchasing an additional 635 shares during the period. State of Wisconsin Investment Board owned 0.09% of Alleghany Corporation worth $7,707,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of Y. Victory Capital Management Inc. lifted its stake in shares of Alleghany Corporation by 30.3% in the 2nd quarter. Victory Capital Management Inc. now owns 366,174 shares of the insurance provider’s stock worth $217,800,000 after acquiring an additional 85,145 shares during the period. Davis Selected Advisers acquired a new stake in shares of Alleghany Corporation in the 2nd quarter worth approximately $46,379,000. Janus Henderson Group PLC lifted its stake in shares of Alleghany Corporation by 2,214.9% in 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. Findlay Park Partners LLP lifted its stake in shares of Alleghany Corporation by 24.1% in the 2nd quarter. Findlay Park Partners LLP now owns 202,142 shares of the insurance provider’s stock worth $120,234,000 after acquiring an additional 39,234 shares during the period. Finally, Eaton Vance Management lifted its stake in shares of Alleghany Corporation by 32.8% in the 2nd quarter. Eaton Vance Management now owns 155,705 shares of the insurance provider’s stock worth $92,613,000 after acquiring an additional 38,419 shares during the period. 81.02% of the stock is owned by institutional investors.
A number of research firms recently commented on Y. BidaskClub upgraded shares of Alleghany Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research downgraded shares of Alleghany Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, JMP Securities upgraded shares of Alleghany Corporation from a “market perform” rating to an “outperform” rating and set a $625.00 target price on the stock in a report on Monday, September 11th.
Shares of Alleghany Corporation (NYSE Y) opened at $566.60 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.18. Alleghany Corporation has a fifty-two week low of $521.07 and a fifty-two week high of $667.19.
Alleghany Corporation (NYSE:Y) last released its earnings results on Thursday, November 2nd. The insurance provider reported ($22.03) EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the firm earned $10.09 EPS. research analysts expect that Alleghany Corporation will post -0.24 EPS for the current year.
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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).
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