Alleghany Corporation (Y) Shares Sold by Gratus Capital LLC
Gratus Capital LLC decreased its stake in shares of Alleghany Corporation (NYSE:Y) by 0.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,364 shares of the insurance provider’s stock after selling 14 shares during the period. Gratus Capital LLC’s holdings in Alleghany Corporation were worth $4,380,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its stake in Alleghany Corporation by 1.7% in the first quarter. Ameriprise Financial Inc. now owns 64,170 shares of the insurance provider’s stock valued at $39,443,000 after buying an additional 1,047 shares during the last quarter. Jane Street Group LLC acquired a new stake in Alleghany Corporation during the first quarter valued at about $349,000. American International Group Inc. raised its stake in Alleghany Corporation by 3.7% in the first quarter. American International Group Inc. now owns 31,248 shares of the insurance provider’s stock valued at $19,207,000 after buying an additional 1,110 shares during the last quarter. Moon Capital Management LLC raised its stake in Alleghany Corporation by 2.0% in the second quarter. Moon Capital Management LLC now owns 5,701 shares of the insurance provider’s stock valued at $3,391,000 after buying an additional 114 shares during the last quarter. Finally, Toronto Dominion Bank raised its stake in 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. Institutional investors and hedge funds own 81.82% of the company’s stock.
Shares of Alleghany Corporation (Y) opened at 558.51 on Wednesday. The company has a 50 day moving average of $599.31 and a 200 day moving average of $606.36. Alleghany Corporation has a 1-year low of $510.52 and a 1-year high of $667.19. The firm has a market cap of $8.61 billion, a price-to-earnings ratio of 18.09 and a beta of 0.92.
Alleghany Corporation (NYSE:Y) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the company earned $4.99 EPS. The business’s revenue was down 1.8% compared to the same quarter last year. On average, equities analysts forecast that Alleghany Corporation will post $28.17 earnings per share for the current fiscal year.
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Several equities research analysts recently issued reports on the stock. BidaskClub lowered shares of Alleghany Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Zacks Investment Research lowered 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.
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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