Numeric Investors LLC Takes $268,000 Position in Alleghany Corporation (Y)

Numeric Investors LLC acquired a new position in shares of Alleghany Corporation (NYSE:Y) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 450 shares of the insurance provider’s stock, valued at approximately $268,000.

Other institutional investors also recently bought and sold shares of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Alleghany Corporation by 14.9% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 4,750 shares of the insurance provider’s stock worth $2,825,000 after purchasing an additional 616 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Alleghany Corporation by 1.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 345,474 shares of the insurance provider’s stock worth $205,487,000 after acquiring an additional 5,434 shares during the last quarter. Commonwealth Bank of Australia lifted its position in Alleghany Corporation by 1,470.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,602 shares of the insurance provider’s stock worth $952,000 after acquiring an additional 1,500 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Alleghany Corporation by 28.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 900 shares of the insurance provider’s stock worth $535,000 after acquiring an additional 200 shares during the last quarter. Finally, Findlay Park Partners LLP lifted its position in Alleghany Corporation by 24.1% during the 2nd quarter. Findlay Park Partners LLP now owns 202,142 shares of the insurance provider’s stock worth $120,234,000 after acquiring an additional 39,234 shares during the last quarter. Institutional investors and hedge funds own 81.54% of the company’s stock.

Shares of Alleghany Corporation (Y) opened at 571.44 on Friday. Alleghany Corporation has a 12-month low of $510.52 and a 12-month high of $667.19. The firm has a market capitalization of $8.81 billion, a price-to-earnings ratio of 18.51 and a beta of 0.94. The firm has a 50-day moving average of $556.03 and a 200 day moving average of $583.92.

Alleghany Corporation (NYSE:Y) last issued 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). Alleghany Corporation had a return on equity of 5.70% and a net margin of 7.74%. 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 firm posted $4.99 EPS. Alleghany Corporation’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, equities research analysts expect that Alleghany Corporation will post ($7.88) earnings per share for the current year.

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Y has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Alleghany Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. BidaskClub raised shares of Alleghany Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. JMP Securities raised shares of Alleghany Corporation from a “market perform” rating to an “outperform” rating and set a $625.00 price target on the stock in a research note on Monday, September 11th. Finally, Credit Suisse Group restated a “hold” rating on shares of Alleghany Corporation in a report on Tuesday, July 11th.

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).

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

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