Mitsubishi UFJ Kokusai Asset Management Co. Ltd. cut its stake in shares of Alleghany Co. (NYSE:Y) by 5.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,771 shares of the insurance provider’s stock after selling 95 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Alleghany were worth $1,018,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Schroder Investment Management Group bought a new stake in Alleghany during the 1st quarter worth approximately $191,000. IBM Retirement Fund bought a new stake in Alleghany during the 1st quarter worth approximately $200,000. Hartford Investment Management Co. bought a new stake in Alleghany during the 2nd quarter worth approximately $217,000. Gideon Capital Advisors Inc. bought a new stake in Alleghany during the 2nd quarter worth approximately $221,000. Finally, IFM Investors Pty Ltd bought a new stake in Alleghany during the 2nd quarter worth approximately $266,000. 82.25% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on Y. Zacks Investment Research downgraded shares of Alleghany from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 8th. ValuEngine upgraded shares of Alleghany from a “hold” rating to a “buy” rating in a research report on Thursday, July 26th.

Shares of Y stock opened at $631.55 on Friday. The firm has a market cap of $9.52 billion, a price-to-earnings ratio of 309.58 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.26 and a quick ratio of 0.26. Alleghany Co. has a 12 month low of $521.07 and a 12 month high of $646.55.

Alleghany (NYSE:Y) last announced its quarterly earnings results on Thursday, August 2nd. The insurance provider reported $9.78 EPS for the quarter, beating the Zacks’ consensus estimate of $8.41 by $1.37. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.48 billion. Alleghany had a net margin of 4.48% and a return on equity of 3.51%. Alleghany’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.37 EPS. analysts forecast that Alleghany Co. will post 38 EPS for the current year.

Alleghany Company Profile

Alleghany Corporation provides property and casualty reinsurance and insurance products in the United States and internationally. The company operates in two segments, Reinsurance and Insurance. The Reinsurance segment offers property reinsurance products, including fire, allied lines, auto physical damage, and homeowners multiple peril reinsurance products; and casualty and other reinsurance products, such as liability, medical malpractice, ocean marine and aviation, auto liability, accident and health, surety, and credit reinsurance products.

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Institutional Ownership by Quarter for Alleghany (NYSE:Y)

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