Dimensional Fund Advisors LP decreased its stake in Alleghany Corp. (NYSE:Y) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,520 shares of the company’s stock after selling 3,601 shares during the period. Dimensional Fund Advisors LP owned 0.83% of Alleghany Corp. worth $70,618,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. Systematic Financial Management LP boosted its position in shares of Alleghany Corp. by 37.1% in the second quarter. Systematic Financial Management LP now owns 895 shares of the company’s stock worth $491,000 after buying an additional 242 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Alleghany Corp. by 3.0% in the second quarter. Teacher Retirement System of Texas now owns 9,213 shares of the company’s stock worth $5,063,000 after buying an additional 264 shares during the last quarter. First Eagle Investment Management LLC boosted its position in shares of Alleghany Corp. by 8.3% in the second quarter. First Eagle Investment Management LLC now owns 604,008 shares of the company’s stock worth $331,951,000 after buying an additional 46,129 shares during the last quarter. Financial Counselors Inc. acquired a new position in shares of Alleghany Corp. during the second quarter worth about $205,000. Finally, Victory Capital Management Inc. boosted its position in shares of Alleghany Corp. by 26.8% in the second quarter. Victory Capital Management Inc. now owns 203,041 shares of the company’s stock worth $111,587,000 after buying an additional 42,954 shares during the last quarter. 81.96% of the stock is owned by institutional investors.
Shares of Alleghany Corp. (NYSE:Y) traded up 0.17% during midday trading on Wednesday, hitting $526.99. 4,804 shares of the company were exchanged. The firm’s 50 day moving average price is $528.68 and its 200 day moving average price is $524.63. Alleghany Corp. has a one year low of $446.50 and a one year high of $553.48. The firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of 17.07 and a beta of 0.84.
Alleghany Corp. (NYSE:Y) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $2.96 EPS for the quarter, missing the Zacks’ consensus estimate of $6.21 by $3.25. Alleghany Corp. had a net margin of 8.64% and a return on equity of 6.07%. The firm earned $1.58 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the company posted $11.40 earnings per share. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. Analysts forecast that Alleghany Corp. will post $1.39 EPS for the current fiscal year.
A number of brokerages have recently weighed in on Y. Zacks Investment Research raised shares of Alleghany Corp. from a “hold” rating to a “buy” rating and set a $581.00 price target on the stock in a research report on Wednesday, September 14th. Citigroup Inc. raised shares of Alleghany Corp. from a “neutral” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Thursday, June 16th.
About Alleghany Corp.
Alleghany Corporation is an insurance holding company. The Company owns and manages operating subsidiaries and investments, which are involved in the property and casualty reinsurance and insurance. The Company operates through two segments: reinsurance and insurance. The Company’s reinsurance segment consists of property and casualty reinsurance operations conducted by the Company’s subsidiary, Transatlantic Holdings, Inc (TransRe), and its reinsurance operating subsidiaries.
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