Northpointe Capital LLC Sells 440 Shares of Alleghany Corp. (Y)
Northpointe Capital LLC reduced its position in Alleghany Corp. (NYSE:Y) by 8.7% during the second quarter, Holdings Channel reports. The firm owned 4,609 shares of the company’s stock after selling 440 shares during the period. Northpointe Capital LLC’s holdings in Alleghany Corp. were worth $2,533,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA raised its position in Alleghany Corp. by 4.3% in the first quarter. Glenmede Trust Co. NA now owns 3,699 shares of the company’s stock valued at $1,834,000 after buying an additional 153 shares during the last quarter. Aperio Group LLC raised its position in Alleghany Corp. by 3.2% in the first quarter. Aperio Group LLC now owns 4,694 shares of the company’s stock valued at $2,329,000 after buying an additional 145 shares during the last quarter. Virginia Retirement System acquired a new position in Alleghany Corp. during the first quarter valued at approximately $1,614,000. TIAA CREF Investment Management LLC raised its position in Alleghany Corp. by 11.0% in the first quarter. TIAA CREF Investment Management LLC now owns 31,056 shares of the company’s stock valued at $15,410,000 after buying an additional 3,079 shares during the last quarter. Finally, Teachers Advisors Inc. raised its position in Alleghany Corp. by 10.8% in the first quarter. Teachers Advisors Inc. now owns 15,005 shares of the company’s stock valued at $7,445,000 after buying an additional 1,466 shares during the last quarter. 81.96% of the stock is owned by institutional investors.
Shares of Alleghany Corp. (NYSE:Y) traded up 0.18% during midday trading on Thursday, hitting $525.07. The stock had a trading volume of 43,004 shares. The firm has a 50-day moving average price of $527.05 and a 200-day moving average price of $525.83. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of 17.00 and a beta of 0.88. Alleghany Corp. has a 1-year low of $446.50 and a 1-year high of $553.48.
Alleghany Corp. (NYSE:Y) last posted its earnings results on Tuesday, August 2nd. The company reported $2.96 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $6.21 by $3.25. Alleghany Corp. had a net margin of 8.64% and a return on equity of 6.07%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the business earned $11.40 earnings per share. Alleghany Corp.’s quarterly revenue was up 21.7% on a year-over-year basis. On average, equities analysts anticipate that Alleghany Corp. will post $1.38 EPS for the current fiscal year.
A number of equities research analysts have issued reports on Y shares. Citigroup Inc. raised Alleghany Corp. from a “neutral” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Thursday, June 16th. Zacks Investment Research downgraded Alleghany Corp. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 14th.
Alleghany Corp. Company Profile
Alleghany Corporation is an insurance holding company. The Company owns and manages operating subsidiaries and investments, which are involved in the property and casualty reinsurance and insurance. The Company operates through two segments: reinsurance and insurance. The Company’s reinsurance segment consists of property and casualty reinsurance operations conducted by the Company’s subsidiary, Transatlantic Holdings, Inc (TransRe), and its reinsurance operating subsidiaries.
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