Fmr LLC Has $4.62 Million Position in Alleghany Corporation (Y)

FMR LLC lowered its stake in Alleghany Corporation (NYSE:Y) by 39.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 7,764 shares of the insurance provider’s stock after selling 5,067 shares during the quarter. FMR LLC owned 0.05% of Alleghany Corporation worth $4,618,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Alleghany Corporation by 14.9% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 4,750 shares of the insurance provider’s stock valued at $2,825,000 after acquiring an additional 616 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Alleghany Corporation by 1.6% during the second quarter. JPMorgan Chase & Co. now owns 345,474 shares of the insurance provider’s stock worth $205,487,000 after buying an additional 5,434 shares during the period. Commonwealth Bank of Australia increased its stake in shares of Alleghany Corporation by 1,470.6% during the second quarter. Commonwealth Bank of Australia now owns 1,602 shares of the insurance provider’s stock worth $952,000 after buying an additional 1,500 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of Alleghany Corporation by 28.6% during the second quarter. Canada Pension Plan Investment Board now owns 900 shares of the insurance provider’s stock worth $535,000 after buying an additional 200 shares during the period. Finally, Findlay Park Partners LLP increased its stake in shares of Alleghany Corporation by 24.1% during the second quarter. Findlay Park Partners LLP now owns 202,142 shares of the insurance provider’s stock worth $120,234,000 after buying an additional 39,234 shares during the period. 81.02% of the stock is currently owned by institutional investors.

Alleghany Corporation (NYSE:Y) opened at $576.37 on Tuesday. Alleghany Corporation has a 52-week low of $521.07 and a 52-week high of $667.19. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.18.

Alleghany Corporation (NYSE:Y) last posted its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($22.03) EPS for the quarter, beating analysts’ consensus estimates of ($28.83) by $6.80. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.36 billion. Alleghany Corporation had a negative return on equity of 0.14% and a net margin of 0.10%. During the same quarter last year, the company earned $10.09 earnings per share. research analysts anticipate that Alleghany Corporation will post -0.24 EPS for the current fiscal year.

Y has been the subject of several research analyst reports. Zacks Investment Research downgraded Alleghany Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. JMP Securities upgraded Alleghany Corporation from a “market perform” rating to an “outperform” rating and set a $625.00 price target for the company in a research note on Monday, September 11th. Finally, BidaskClub upgraded Alleghany Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th.

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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).

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

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