Markel Corp maintained its position in Alleghany Corporation (NYSE:Y) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,328 shares of the insurance provider’s stock at the end of the second quarter. Markel Corp’s holdings in Alleghany Corporation were worth $2,574,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in Y. Texas Permanent School Fund boosted its position in Alleghany Corporation by 0.8% in the second quarter. Texas Permanent School Fund now owns 11,272 shares of the insurance provider’s stock valued at $6,705,000 after buying an additional 94 shares during the last quarter. World Asset Management Inc boosted its position in Alleghany Corporation by 1.9% in the second quarter. World Asset Management Inc now owns 1,025 shares of the insurance provider’s stock valued at $610,000 after buying an additional 19 shares during the last quarter. Speece Thorson Capital Group Inc. boosted its position in 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. boosted its position in 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. Finally, Mcrae Capital Management Inc. boosted its position in 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. 81.69% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Alleghany Corporation (Y) traded down 0.08% during trading on Friday, reaching $578.98. 65,350 shares of the company traded hands. The stock’s 50 day moving average price is $602.47 and its 200-day moving average price is $607.81. The stock has a market cap of $8.93 billion, a P/E ratio of 18.76 and a beta of 0.92. Alleghany Corporation has a 12 month low of $510.52 and a 12 month high of $667.19.
Alleghany Corporation (NYSE:Y) last issued 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 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 analyst estimates of $1.39 billion. During the same quarter in the prior year, the firm posted $4.99 earnings per share. Alleghany Corporation’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, equities research analysts expect that Alleghany Corporation will post $28.17 EPS for the current fiscal year.
Several research firms have recently weighed in on Y. BidaskClub lowered shares of Alleghany Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Zacks Investment Research cut shares of Alleghany Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Credit Suisse Group reiterated a “hold” rating on shares of Alleghany Corporation in a report 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).
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