Artisan Partners Limited Partnership lessened its holdings in shares of Alleghany Corporation (NYSE:Y) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 419,560 shares of the insurance provider’s stock after selling 15,779 shares during the quarter. Artisan Partners Limited Partnership owned approximately 2.72% of Alleghany Corporation worth $249,554,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. IHT Wealth Management LLC grew its stake in Alleghany Corporation by 9.3% during the 1st quarter. IHT Wealth Management LLC now owns 165 shares of the insurance provider’s stock valued at $101,000 after acquiring an additional 14 shares in the last quarter. Toronto Dominion Bank grew its stake in Alleghany Corporation by 26.1% during the 1st quarter. Toronto Dominion Bank now owns 169 shares of the insurance provider’s stock valued at $104,000 after acquiring an additional 35 shares in the last quarter. Financial Architects Inc grew its stake in Alleghany Corporation by 2.9% during the 2nd quarter. Financial Architects Inc now owns 175 shares of the insurance provider’s stock valued at $104,000 after acquiring an additional 5 shares in the last quarter. Point72 Asia Hong Kong Ltd grew its stake in Alleghany Corporation by 2,150.0% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 180 shares of the insurance provider’s stock valued at $111,000 after acquiring an additional 172 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in Alleghany Corporation by 117.0% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 217 shares of the insurance provider’s stock valued at $133,000 after acquiring an additional 117 shares in the last quarter. 81.82% of the stock is currently owned by institutional investors.

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Several equities research analysts have recently issued reports on Y shares. BidaskClub upgraded Alleghany Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research lowered Alleghany Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Credit Suisse Group reiterated a “hold” rating on shares of Alleghany Corporation in a report on Tuesday, July 11th. Finally, JMP Securities upgraded Alleghany Corporation from a “market perform” rating to an “outperform” rating and set a $625.00 price target for the company in a report on Monday, September 11th.

Shares of Alleghany Corporation (NYSE:Y) remained flat at $567.11 during midday trading on Friday. 91,848 shares of the stock traded hands. The firm’s 50 day moving average price is $579.12 and its 200-day moving average price is $598.83. Alleghany Corporation has a 52-week low of $510.52 and a 52-week high of $667.19. The stock has a market capitalization of $8.74 billion, a P/E ratio of 18.37 and a beta of 0.95.

Alleghany Corporation (NYSE:Y) last posted its quarterly earnings data on Thursday, August 3rd. The insurance provider reported $6.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $8.10 by ($1.73). The firm 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 firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.99 earnings per share. On average, analysts predict that Alleghany Corporation will post $20.69 earnings per share for the current year.

Alleghany Corporation Company 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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