Renaissance Technologies LLC reduced its holdings in shares of Alleghany Corporation (NYSE:Y) by 2.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 61,588 shares of the insurance provider’s stock after selling 1,363 shares during the quarter. Renaissance Technologies LLC owned 0.40% of Alleghany Corporation worth $36,633,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Financial Architects Inc increased its holdings in Alleghany Corporation by 2.9% in the 2nd quarter. Financial Architects Inc now owns 175 shares of the insurance provider’s stock worth $104,000 after purchasing an additional 5 shares in the last quarter. Cadence Capital Management LLC increased its stake in shares of Alleghany Corporation by 1.0% in the second quarter. Cadence Capital Management LLC now owns 491 shares of the insurance provider’s stock valued at $292,000 after buying an additional 5 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Alleghany Corporation by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 2,671 shares of the insurance provider’s stock valued at $1,468,000 after buying an additional 10 shares during the period. 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 period. Finally, World Asset Management Inc increased its stake in shares of Alleghany Corporation by 1.9% in the second quarter. World Asset Management Inc now owns 1,025 shares of the insurance provider’s stock valued at $610,000 after buying an additional 19 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

A number of brokerages recently issued reports on Y. Zacks Investment Research lowered shares of Alleghany Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. BidaskClub raised shares of Alleghany Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 30th. JMP Securities upgraded shares of Alleghany Corporation from a “market perform” rating to an “outperform” rating and set a $625.00 price target for the company in a research report on Monday, September 11th. Finally, Credit Suisse Group restated a “hold” rating on shares of Alleghany Corporation in a research report on Tuesday, July 11th.

Alleghany Corporation (Y) opened at 556.74 on Wednesday. The company has a market capitalization of $8.58 billion, a price-to-earnings ratio of 18.04 and a beta of 0.94. Alleghany Corporation has a 12 month low of $510.52 and a 12 month high of $667.19. The company’s 50-day moving average price is $563.15 and its 200 day moving average price is $591.00.

Alleghany Corporation (NYSE:Y) last announced its quarterly earnings data 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 business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the company posted $4.99 EPS. Alleghany Corporation’s revenue for the quarter was down 1.8% on a year-over-year basis. Analysts forecast that Alleghany Corporation will post ($2.38) EPS for the current fiscal year.

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

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