Swiss National Bank boosted its holdings in shares of Alleghany Corporation (NYSE:Y) by 3.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 56,300 shares of the insurance provider’s stock after acquiring an additional 1,700 shares during the quarter. Swiss National Bank owned 0.37% of Alleghany Corporation worth $33,487,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. lifted its holdings in shares of Alleghany Corporation by 1.7% during the 1st 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 shares of Alleghany Corporation during the 1st quarter valued at about $349,000. Pzena Investment Management LLC lifted its holdings in shares of Alleghany Corporation by 42.3% during the 2nd quarter. Pzena Investment Management LLC now owns 602 shares of the insurance provider’s stock valued at $358,000 after buying an additional 179 shares during the last quarter. American International Group Inc. lifted its holdings in shares of Alleghany Corporation by 3.7% during the 1st 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. Finally, Moon Capital Management LLC lifted its holdings in shares of Alleghany Corporation by 2.0% during the 2nd 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. Hedge funds and other institutional investors own 81.82% of the company’s stock.

Shares of Alleghany Corporation (NYSE Y) opened at 523.19 on Friday. Alleghany Corporation has a 52-week low of $510.52 and a 52-week high of $667.19. The stock’s 50 day moving average price is $588.17 and its 200-day moving average price is $602.16. The company has a market capitalization of $8.07 billion, a PE ratio of 16.95 and a beta of 0.95.

Alleghany Corporation (NYSE:Y) last announced its earnings results on Thursday, August 3rd. The insurance provider reported $6.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $8.10 by $1.73. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.39 billion. Alleghany Corporation had a return on equity of 5.70% and a net margin of 7.74%. Alleghany Corporation’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the business posted $4.99 EPS. On average, analysts expect that Alleghany Corporation will post $28.17 earnings per share for the current year.

Several equities research analysts have recently issued reports on the company. BidaskClub lowered Alleghany Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Zacks Investment Research downgraded Alleghany Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Credit Suisse Group reissued a “hold” rating on shares of Alleghany Corporation in a research note on Tuesday, July 11th.

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Alleghany Corporation 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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