Findlay Park Partners LLP raised its stake in Alleghany Corporation (NYSE:Y) by 10.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,371 shares of the insurance provider’s stock after acquiring an additional 21,229 shares during the quarter. Findlay Park Partners LLP owned about 1.45% of Alleghany Corporation worth $123,750,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Alleghany Corporation by 14.9% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 4,750 shares of the insurance provider’s stock worth $2,825,000 after buying an additional 616 shares during the period. JPMorgan Chase & Co. grew its position in shares of Alleghany Corporation by 1.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 345,474 shares of the insurance provider’s stock worth $205,487,000 after buying an additional 5,434 shares during the period. Commonwealth Bank of Australia grew its position in shares of Alleghany Corporation by 1,470.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,602 shares of the insurance provider’s stock worth $952,000 after buying an additional 1,500 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Alleghany Corporation by 28.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 900 shares of the insurance provider’s stock worth $535,000 after buying an additional 200 shares during the period. Finally, Pzena Investment Management LLC grew its position in shares of Alleghany Corporation by 42.3% during the 2nd quarter. Pzena Investment Management LLC now owns 602 shares of the insurance provider’s stock worth $358,000 after buying an additional 179 shares during the period. Hedge funds and other institutional investors own 81.81% of the company’s stock.

A number of brokerages recently issued reports on Y. BidaskClub cut shares of Alleghany Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Zacks Investment Research upgraded shares of Alleghany Corporation from a “sell” rating to a “hold” rating in a report on Monday, November 13th. Finally, JMP Securities upgraded shares of Alleghany Corporation from a “market perform” rating to an “outperform” rating and set a $625.00 price objective for the company in a report on Monday, September 11th.

Shares of Alleghany Corporation (Y) traded down $6.18 during midday trading on Tuesday, reaching $560.42. 72,800 shares of the company were exchanged, compared to its average volume of 50,248. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.18. Alleghany Corporation has a 52-week low of $521.07 and a 52-week high of $667.19.

Alleghany Corporation (NYSE:Y) last issued its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($22.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($28.83) by $6.80. The firm had revenue of $1.64 billion during 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 quarter in the previous year, the company earned $10.09 earnings per share. equities research analysts predict that Alleghany Corporation will post -0.24 earnings per share for the current 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).

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

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