Menlo Advisors Lowers stake in Alleghany Corporation (Y)

Alleghany Corporation (Y) : Menlo Advisors reduced its stake in Alleghany Corporation by 0.22% during the most recent quarter end. The investment management company now holds a total of 9,175 shares of Alleghany Corporation which is valued at $5,035,607 after selling 20 shares in Alleghany Corporation , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.Alleghany Corporation makes up approximately 4.20% of Menlo Advisors’s portfolio.

Other Hedge Funds, Including , Creative Planning boosted its stake in Y in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 1,317 shares of Alleghany Corporation which is valued at $722,822. Alleghany Corporation makes up approx 0.01% of Creative Planning’s portfolio.Weaver C. Barksdale Associates boosted its stake in Y in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 62 shares of Alleghany Corporation which is valued at $34,028. Alleghany Corporation makes up approx 0.06% of Weaver C. Barksdale Associates’s portfolio.British Columbia Investment Management Corp reduced its stake in Y by selling 214 shares or 1.84% in the most recent quarter. The Hedge Fund company now holds 11,448 shares of Y which is valued at $6,268,467. Alleghany Corporation makes up approx 0.05% of British Columbia Investment Management Corp’s portfolio.

Alleghany Corporation closed down -2.3 points or -0.42% at $542.9 with 45,458 shares getting traded on Friday. Post opening the session at $548.58, the shares hit an intraday low of $541.57 and an intraday high of $548.58 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Alleghany Corporation reported $9.32 EPS for the quarter, beating the analyst consensus estimate by $ 1.82 according to the earnings call on May 5, 2016. Analyst had a consensus of $7.50.Analysts expectations of $ 1570.10.During the same quarter in the previous year, the company posted $7.82 EPS.

Alleghany Corporation owns and manages its subsidiaries and investments in the property and casualty reinsurance and insurance business. The Company operates through two segments: reinsurance and insurance. The Company’s reinsurance segment consists of the reinsurance operations of its subsidiary Transatlantic Holdings Inc. and its reinsurance operating subsidiaries. The Company through its wholly owned subsidiary Alleghany Insurance Holdings LLC (AIHL) and its subsidiaries provides property and casualty insurance services. AIHL’s insurance operations are principally conducted by its subsidiaries RSUI Group Inc. CapSpecialty Inc. and Pacific Compensation Corporation. AIHL Re LLC a wholly owned subsidiary of the Company provides captive reinsurance to its insurance operating subsidiaries and affiliates. The Company manages sources executes and monitors certain private capital investments primarily through its wholly owned subsidiary Alleghany Capital Corporation (ACC).

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