Schwab Charles Investment Management Inc. raised its holdings in shares of Alleghany Corporation (NYSE:Y) by 6.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,832 shares of the insurance provider’s stock after acquiring an additional 3,220 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.32% of Alleghany Corporation worth $29,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. lifted its stake in shares of Alleghany Corporation by 36.6% during the 1st quarter. Russell Investments Group Ltd. now owns 11,941 shares of the insurance provider’s stock valued at $7,340,000 after buying an additional 3,198 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Alleghany Corporation by 40.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 700 shares of the insurance provider’s stock valued at $430,000 after buying an additional 200 shares in the last quarter. Capital Fund Management S.A. purchased a new position in shares of Alleghany Corporation during the 1st quarter valued at $738,000. Suntrust Banks Inc. lifted its stake in shares of Alleghany Corporation by 41.6% during the 1st quarter. Suntrust Banks Inc. now owns 1,475 shares of the insurance provider’s stock valued at $905,000 after buying an additional 433 shares in the last quarter. Finally, Xact Kapitalforvaltning AB lifted its stake in shares of Alleghany Corporation by 22.4% during the 1st quarter. Xact Kapitalforvaltning AB now owns 1,345 shares of the insurance provider’s stock valued at $827,000 after buying an additional 246 shares in the last quarter. Institutional investors and hedge funds own 81.82% of the company’s stock.

Shares of Alleghany Corporation (NYSE:Y) opened at 569.61 on Thursday. The firm has a 50-day moving average of $583.23 and a 200-day moving average of $599.85. Alleghany Corporation has a one year low of $510.52 and a one year high of $667.19. The company has a market capitalization of $8.78 billion, a P/E ratio of 18.45 and a beta of 0.95.

Alleghany Corporation (NYSE:Y) last announced its quarterly 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 return on equity of 5.70% and a net margin of 7.74%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the company posted $4.99 earnings per share. The business’s quarterly revenue was down 1.8% on a year-over-year basis. Analysts forecast that Alleghany Corporation will post $12.60 earnings per share for the current year.

A number of research firms recently weighed in on Y. BidaskClub cut shares of Alleghany Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. JMP Securities upgraded shares of Alleghany Corporation from a “market perform” rating to an “outperform” rating and set a $625.00 target price on the stock in a research note on Monday. Credit Suisse Group restated a “hold” rating on shares of Alleghany Corporation in a research note on Tuesday, July 11th. Finally, Zacks Investment Research cut shares of Alleghany Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th.

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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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