Becker Capital Management Inc Lowers stake in Alleghany Corporation (Y)

Alleghany Corporation (Y) : Becker Capital Management Inc reduced its stake in Alleghany Corporation by 1.16% during the most recent quarter end. The investment management company now holds a total of 77,998 shares of Alleghany Corporation which is valued at $41,948,104 after selling 916 shares in Alleghany Corporation , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Alleghany Corporation makes up approximately 1.65% of Becker Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Mcrae Capital Management Inc boosted its stake in Y in the latest quarter, The investment management firm added 110 additional shares and now holds a total of 620 shares of Alleghany Corporation which is valued at $333,442. Alleghany Corporation makes up approx 0.15% of Mcrae Capital Management Inc’s portfolio. Cobiz Investment Management sold out all of its stake in Y during the most recent quarter. The investment firm sold 418 shares of Y which is valued $224,805.Mraz Amerine Associates reduced its stake in Y by selling 291 shares or 0.75% in the most recent quarter. The Hedge Fund company now holds 38,267 shares of Y which is valued at $20,868,143. Alleghany Corporation makes up approx 7.26% of Mraz Amerine Associates’s portfolio.Huntington National Bank reduced its stake in Y by selling 261 shares or 28.31% in the most recent quarter. The Hedge Fund company now holds 661 shares of Y which is valued at $360,463. Alleghany Corporation makes up approx 0.01% of Huntington National Bank’s portfolio.

Alleghany Corporation opened for trading at $538.11 and hit $540.97 on the upside on Monday, eventually ending the session at $539.74, with a gain of 0.18% or 0.96 points. The heightened volatility saw the trading volume jump to 28,050 shares. Company has a market cap of $8,333 M.

On the company’s financial health, Alleghany Corporation reported $4.99 EPS for the quarter, missing the analyst consensus estimate by $ -1.08 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $6.07. The company had revenue of $1582.03 million for the quarter, compared to analysts expectations of $108.40 million. The company’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $11.40 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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