Alleghany Corporation (Y) Shares Sold by Tredje AP fonden

Tredje AP fonden lowered its position in Alleghany Corporation (NYSE:Y) by 35.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,340 shares of the insurance provider’s stock after selling 1,820 shares during the period. Tredje AP fonden’s holdings in Alleghany were worth $1,850,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of Y. YorkBridge Wealth Partners LLC increased its holdings in shares of Alleghany by 1.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 206 shares of the insurance provider’s stock valued at $124,000 after purchasing an additional 3 shares in the last quarter. Cadence Capital Management LLC increased its holdings in shares of Alleghany by 1.0% in the second quarter. Cadence Capital Management LLC now owns 491 shares of the insurance provider’s stock valued at $292,000 after purchasing an additional 5 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Alleghany by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 2,671 shares of the insurance provider’s stock valued at $1,468,000 after purchasing an additional 10 shares in the last quarter. World Asset Management Inc increased its holdings in shares of Alleghany by 1.9% in the second quarter. World Asset Management Inc now owns 1,025 shares of the insurance provider’s stock valued at $610,000 after purchasing an additional 19 shares in the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of Alleghany by 11.8% in the second quarter. Toronto Dominion Bank now owns 189 shares of the insurance provider’s stock valued at $112,000 after purchasing an additional 20 shares in the last quarter. Institutional investors own 82.16% of the company’s stock.

A number of analysts have commented on the stock. Zacks Investment Research raised shares of Alleghany from a “sell” rating to a “hold” rating in a report on Monday, November 13th. JMP Securities raised shares of Alleghany from a “market perform” rating to an “outperform” rating and set a $625.00 target price for the company in a report on Monday, September 11th. Finally, BidaskClub lowered shares of Alleghany from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th.

Alleghany Corporation (NYSE:Y) traded down $1.48 on Thursday, reaching $576.88. 141,100 shares of the company’s stock were exchanged, compared to its average volume of 51,577. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.27 and a quick ratio of 0.27. Alleghany Corporation has a 12-month low of $521.07 and a 12-month high of $667.19.

Alleghany (NYSE:Y) last announced 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. Alleghany had a net margin of 0.10% and a negative return on equity of 0.14%. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the business earned $10.09 EPS. equities analysts expect that Alleghany Corporation will post -0.24 EPS for the current year.

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About Alleghany

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 (NYSE:Y)

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