FDx Advisors Inc. cut its position in shares of Alleghany Corporation (NYSE:Y) by 5.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,461 shares of the insurance provider’s stock after selling 267 shares during the quarter. FDx Advisors Inc.’s holdings in Alleghany Corporation were worth $2,471,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Alleghany Corporation by 2.6% during the second quarter. Vanguard Group Inc. now owns 1,265,276 shares of the insurance provider’s stock valued at $752,586,000 after buying an additional 32,388 shares in the last quarter. Boston Partners lifted its position in Alleghany Corporation by 4.6% during the second quarter. Boston Partners now owns 697,329 shares of the insurance provider’s stock valued at $414,771,000 after buying an additional 30,815 shares in the last quarter. First Eagle Investment Management LLC lifted its position in Alleghany Corporation by 0.4% during the second quarter. First Eagle Investment Management LLC now owns 654,941 shares of the insurance provider’s stock valued at $389,559,000 after buying an additional 2,756 shares in the last quarter. Victory Capital Management Inc. lifted its position in Alleghany Corporation by 16.9% during the third quarter. Victory Capital Management Inc. now owns 428,041 shares of the insurance provider’s stock valued at $237,139,000 after buying an additional 61,867 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Alleghany Corporation by 1.6% during the second quarter. JPMorgan Chase & Co. now owns 345,474 shares of the insurance provider’s stock valued at $205,487,000 after buying an additional 5,434 shares in the last quarter. Hedge funds and other institutional investors own 81.72% of the company’s stock.

A number of research analysts have recently commented on Y shares. BidaskClub cut shares of Alleghany Corporation from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Zacks Investment Research cut shares of Alleghany Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, JMP Securities raised shares of Alleghany Corporation from a “market perform” rating to an “outperform” rating and set a $625.00 target price on the stock in a research report on Monday, September 11th.

Alleghany Corporation (NYSE:Y) traded down $5.93 on Friday, reaching $579.61. 44,700 shares of the company traded hands, compared to its average volume of 72,345. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.27 and a current ratio of 0.27. Alleghany Corporation has a 1 year low of $521.07 and a 1 year high of $667.19.

Alleghany Corporation (NYSE:Y) last posted its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($22.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($28.83) by $6.80. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Alleghany Corporation had a net margin of 0.10% and a negative return on equity of 0.14%. During the same period in the prior year, the company posted $10.09 earnings per share. equities research analysts anticipate that Alleghany Corporation will post -0.24 EPS for the current fiscal year.

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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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