State of New Jersey Common Pension Fund D held its position in shares of Alleghany Corporation (NYSE:Y) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,550 shares of the insurance provider’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Alleghany Corporation were worth $5,680,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in Y. IHT Wealth Management LLC increased its stake in shares of Alleghany Corporation by 9.3% in the first quarter. IHT Wealth Management LLC now owns 165 shares of the insurance provider’s stock valued at $101,000 after buying an additional 14 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Alleghany Corporation by 26.1% in the first quarter. Toronto Dominion Bank now owns 169 shares of the insurance provider’s stock valued at $104,000 after buying an additional 35 shares during the last quarter. Financial Architects Inc increased its stake in shares of Alleghany Corporation by 2.9% in the second quarter. Financial Architects Inc now owns 175 shares of the insurance provider’s stock valued at $104,000 after buying an additional 5 shares during the last quarter. Point72 Asia Hong Kong Ltd increased its stake in shares of Alleghany Corporation by 2,150.0% in the first quarter. Point72 Asia Hong Kong Ltd now owns 180 shares of the insurance provider’s stock valued at $111,000 after buying an additional 172 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of Alleghany Corporation by 117.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 217 shares of the insurance provider’s stock valued at $133,000 after buying an additional 117 shares during the last quarter. Institutional investors and hedge funds own 81.36% of the company’s stock.

Shares of Alleghany Corporation (NYSE:Y) opened at 593.61 on Monday. The firm has a 50-day moving average of $603.08 and a 200 day moving average of $608.73. The company has a market cap of $9.15 billion, a P/E ratio of 19.23 and a beta of 0.92. Alleghany Corporation has a 52 week low of $510.52 and a 52 week high of $667.19.

Alleghany Corporation (NYSE:Y) last released its earnings results on Thursday, August 3rd. The insurance provider reported $6.37 earnings per share (EPS) for the quarter, missing the Zacks’ 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 analyst estimates of $1.39 billion. During the same quarter in the previous year, the firm earned $4.99 EPS. The firm’s revenue was down 1.8% on a year-over-year basis. Equities analysts anticipate that Alleghany Corporation will post $28.17 earnings per share for the current fiscal year.

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Several equities research analysts have commented on the stock. BidaskClub raised 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 reaffirmed a “hold” rating on shares of Alleghany Corporation in a research note on Tuesday, July 11th.

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

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