State of Alaska Department of Revenue raised its position in Alleghany Corporation (NYSE:Y) by 14.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,209 shares of the insurance provider’s stock after buying an additional 152 shares during the period. State of Alaska Department of Revenue’s holdings in Alleghany Corporation were worth $719,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Quadrature Capital Ltd purchased a new position in Alleghany Corporation during the fourth quarter worth approximately $3,194,000. Teachers Advisors LLC boosted its position in Alleghany Corporation by 8.9% in the fourth quarter. Teachers Advisors LLC now owns 16,848 shares of the insurance provider’s stock worth $10,246,000 after buying an additional 1,382 shares in the last quarter. Macquarie Group Ltd. boosted its position in Alleghany Corporation by 33.3% in the fourth quarter. Macquarie Group Ltd. now owns 400 shares of the insurance provider’s stock worth $244,000 after buying an additional 100 shares in the last quarter. Creative Planning boosted its position in Alleghany Corporation by 72.7% in the first quarter. Creative Planning now owns 2,323 shares of the insurance provider’s stock worth $1,428,000 after buying an additional 978 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its position in Alleghany Corporation by 1.8% in the first quarter. Gulf International Bank UK Ltd now owns 4,928 shares of the insurance provider’s stock worth $3,029,000 after buying an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 81.36% of the company’s stock.
Shares of Alleghany Corporation (Y) opened at 607.15 on Monday. The stock has a market capitalization of $9.36 billion, a PE ratio of 20.74 and a beta of 0.92. Alleghany Corporation has a 52-week low of $510.52 and a 52-week high of $667.19. The firm has a 50-day moving average of $601.20 and a 200 day moving average of $608.97.
Alleghany Corporation (NYSE:Y) last released its quarterly earnings data on Thursday, August 3rd. The insurance provider reported $6.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $8.10 by $1.73. Alleghany Corporation had a return on equity of 5.70% and a net margin of 7.74%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the business posted $4.99 earnings per share. Alleghany Corporation’s revenue for the quarter was down 1.8% on a year-over-year basis. Equities research analysts forecast that Alleghany Corporation will post $30.03 EPS for the current fiscal year.
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A number of research firms recently commented on Y. Zacks Investment Research cut shares of Alleghany Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. BidaskClub raised shares of Alleghany Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Credit Suisse Group reaffirmed a “hold” rating on shares of Alleghany Corporation in a research note on Tuesday, July 11th.
In other Alleghany Corporation news, Director William K. Lavin sold 321 shares of the stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $582.50, for a total transaction of $186,982.50. Following the completion of the transaction, the director now owns 2,499 shares of the company’s stock, valued at $1,455,667.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 4.04% of the company’s stock.
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).
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