Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Alleghany Corporation (NYSE:Y) by 14.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,750 shares of the insurance provider’s stock after buying an additional 616 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Alleghany Corporation were worth $2,825,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased 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 worth $39,443,000 after buying an additional 1,047 shares during the period. Jane Street Group LLC acquired a new stake in Alleghany Corporation during the first quarter worth approximately $349,000. American International Group Inc. increased 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 worth $19,207,000 after buying an additional 1,110 shares during the period. Moon Capital Management LLC increased 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 worth $3,391,000 after buying an additional 114 shares during the period. Finally, Toronto Dominion Bank increased 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 worth $104,000 after buying an additional 35 shares during the period. 81.82% of the stock is owned by institutional investors.

Alleghany Corporation (NYSE:Y) opened at 562.77 on Friday. Alleghany Corporation has a 1-year low of $510.52 and a 1-year high of $667.19. The stock’s 50 day moving average price is $595.40 and its 200 day moving average price is $604.79. The firm has a market cap of $8.68 billion, a P/E ratio of 18.23 and a beta of 0.92.

Alleghany Corporation (NYSE:Y) last released its quarterly 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 business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the company posted $4.99 EPS. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. Equities research analysts predict that Alleghany Corporation will post $28.17 EPS for the current year.

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Y has been the subject of a number of recent analyst reports. BidaskClub raised Alleghany Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research downgraded Alleghany Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Credit Suisse Group reissued a “hold” rating on shares of Alleghany Corporation in a report 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).

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

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