EULAV Asset Management held its stake in shares of Alleghany Corporation (NYSE:Y) during the third quarter, Holdings Channel reports. The fund owned 6,700 shares of the company’s stock at the end of the third quarter. EULAV Asset Management’s holdings in Alleghany Corporation were worth $3,518,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in Y. TIAA CREF Investment Management LLC boosted its stake in shares of Alleghany Corporation by 33.3% in the third quarter. TIAA CREF Investment Management LLC now owns 39,931 shares of the company’s stock valued at $20,965,000 after buying an additional 9,974 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Alleghany Corporation by 26.8% in the second quarter. Victory Capital Management Inc. now owns 203,041 shares of the company’s stock valued at $111,587,000 after buying an additional 42,954 shares during the last quarter. Speece Thorson Capital Group Inc. boosted its stake in shares of Alleghany Corporation by 1.4% in the second quarter. Speece Thorson Capital Group Inc. now owns 36,103 shares of the company’s stock valued at $19,841,000 after buying an additional 484 shares during the last quarter. PGGM Investments boosted its stake in shares of Alleghany Corporation by 4.7% in the third quarter. PGGM Investments now owns 13,454 shares of the company’s stock valued at $7,064,000 after buying an additional 603 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake in shares of Alleghany Corporation by 4.3% in the third quarter. Nationwide Fund Advisors now owns 41,040 shares of the company’s stock valued at $21,547,000 after buying an additional 1,706 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

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

Shares of Alleghany Corporation (NYSE:Y) traded up 0.20% during mid-day trading on Friday, hitting $610.00. The stock had a trading volume of 21,897 shares. Alleghany Corporation has a 52 week low of $446.50 and a 52 week high of $619.99. The firm has a market cap of $9.41 billion, a PE ratio of 17.46 and a beta of 0.89. The stock has a 50 day moving average price of $598.94 and a 200 day moving average price of $549.30.

Alleghany Corporation (NYSE:Y) last released its quarterly earnings results on Tuesday, November 1st. The company reported $10.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $7.74 by $2.35. The business earned $1.61 million during the quarter, compared to analysts’ expectations of $218.43 million. Alleghany Corporation had a return on equity of 6.39% and a net margin of 9.02%. The firm’s revenue for the quarter was up 35.3% compared to the same quarter last year. During the same period last year, the firm posted $6.07 EPS. Equities research analysts expect that Alleghany Corporation will post $27.50 EPS for the current fiscal year.

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Separately, Zacks Investment Research cut Alleghany Corporation from a “buy” rating to a “sell” rating in a report on Wednesday, September 21st.

Alleghany Corporation 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.

5 Day Chart for NYSE:Y

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