Independent Order of Foresters decreased its position in Alleghany Corporation (NYSE:Y) by 13.3% during the second quarter, Holdings Channel reports. The firm owned 260 shares of the insurance provider’s stock after selling 40 shares during the period. Independent Order of Foresters’ holdings in Alleghany Corporation were worth $155,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in Y. IHT Wealth Management LLC increased its position in Alleghany Corporation by 9.3% in the first quarter. IHT Wealth Management LLC now owns 165 shares of the insurance provider’s stock worth $101,000 after buying an additional 14 shares in the last quarter. Toronto Dominion Bank increased its position in Alleghany Corporation by 26.1% in the first quarter. Toronto Dominion Bank now owns 169 shares of the insurance provider’s stock worth $104,000 after buying an additional 35 shares in the last quarter. Financial Architects Inc increased its position in Alleghany Corporation by 2.9% in the second quarter. Financial Architects Inc now owns 175 shares of the insurance provider’s stock worth $104,000 after buying an additional 5 shares in the last quarter. Point72 Asia Hong Kong Ltd increased its position in Alleghany Corporation by 2,150.0% in the first quarter. Point72 Asia Hong Kong Ltd now owns 180 shares of the insurance provider’s stock worth $111,000 after buying an additional 172 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its position in Alleghany Corporation by 117.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 217 shares of the insurance provider’s stock worth $133,000 after buying an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 81.36% of the company’s stock.

Alleghany Corporation (NYSE:Y) opened at 597.69 on Wednesday. Alleghany Corporation has a 1-year low of $510.52 and a 1-year high of $667.19. The stock’s 50 day moving average is $601.20 and its 200-day moving average is $608.97. The firm has a market capitalization of $9.22 billion, a P/E ratio of 20.42 and a beta of 0.92.

Alleghany Corporation (NYSE:Y) last posted its earnings results on Thursday, August 3rd. The insurance provider reported $6.37 EPS for the quarter, missing the consensus estimate of $8.10 by $1.73. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.39 billion. Alleghany Corporation had a return on equity of 5.70% and a net margin of 7.74%. The company’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $4.99 earnings per share. Analysts forecast that Alleghany Corporation will post $29.27 EPS for the current year.

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A number of research firms have recently commented on Y. BidaskClub upgraded shares of Alleghany Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research downgraded shares of Alleghany Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Credit Suisse Group restated a “hold” rating on shares of Alleghany Corporation in a research note on Tuesday, July 11th.

About Alleghany Corporation

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).

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

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