Strs Ohio boosted its position in shares of Alleghany Corporation (NYSE:Y) by 11.1% during the second quarter, Holdings Channel reports. The fund owned 2,864 shares of the insurance provider’s stock after buying an additional 286 shares during the period. Strs Ohio’s holdings in Alleghany Corporation were worth $1,703,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. increased its stake in Alleghany Corporation by 5,310.0% in the first quarter. BlackRock Inc. now owns 1,424,386 shares of the insurance provider’s stock worth $875,513,000 after buying an additional 1,398,057 shares during the last quarter. Vanguard Group Inc. increased its stake in Alleghany Corporation by 4.5% in the first quarter. Vanguard Group Inc. now owns 1,232,888 shares of the insurance provider’s stock worth $757,807,000 after buying an additional 53,639 shares during the last quarter. First Eagle Investment Management LLC increased its stake in Alleghany Corporation by 1.2% in the first quarter. First Eagle Investment Management LLC now owns 652,185 shares of the insurance provider’s stock worth $400,872,000 after buying an additional 7,483 shares during the last quarter. State Street Corp increased its stake in Alleghany Corporation by 2.0% in the first quarter. State Street Corp now owns 605,128 shares of the insurance provider’s stock worth $371,935,000 after buying an additional 11,905 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its stake in Alleghany Corporation by 1.1% in the first quarter. Artisan Partners Limited Partnership now owns 435,339 shares of the insurance provider’s stock worth $267,585,000 after buying an additional 4,812 shares during the last quarter. Institutional investors own 81.36% of the company’s stock.

Shares of Alleghany Corporation (NYSE Y) opened at 593.15 on Friday. The firm has a market capitalization of $9.15 billion, a P/E ratio of 19.22 and a beta of 0.92. The firm’s 50-day moving average price is $602.75 and its 200-day moving average price is $608.80. Alleghany Corporation has a one year low of $510.52 and a one year high of $667.19.

Alleghany Corporation (NYSE:Y) last posted its quarterly earnings results on Thursday, August 3rd. The insurance provider reported $6.37 earnings per share for the quarter, missing the consensus estimate of $8.10 by $1.73. The business had revenue of $1.55 billion during 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 business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $4.99 earnings per share. On average, equities analysts forecast that Alleghany Corporation will post $28.68 earnings per share for the current year.

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A number of analysts recently weighed in on Y shares. BidaskClub upgraded Alleghany Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research downgraded Alleghany Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Credit Suisse Group reiterated a “hold” rating on shares of Alleghany Corporation in a report 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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