Pecaut Lowers stake in Alleghany Corporation (Y)

Alleghany Corporation (Y) : Pecaut reduced its stake in Alleghany Corporation by 0.4% during the most recent quarter end. The investment management company now holds a total of 6,165 shares of Alleghany Corporation which is valued at $3,160,179 after selling 25 shares in Alleghany Corporation , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Alleghany Corporation makes up approximately 3.11% of Pecaut’s portfolio.

Alleghany Corporation opened for trading at $508.45 and hit $512.8 on the upside on Friday, eventually ending the session at $512.6, with a gain of 0.91% or 4.63 points. The heightened volatility saw the trading volume jump to 28,346 shares. Company has a market cap of $7,917 M.

Other Hedge Funds, Including , Capital One National Association boosted its stake in Y in the latest quarter, The investment management firm added 28 additional shares and now holds a total of 1,107 shares of Alleghany Corporation which is valued at $567,448. Alleghany Corporation makes up approx 0.05% of Capital One National Association’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in Y in the latest quarter, The investment management firm added 201 additional shares and now holds a total of 5,990 shares of Alleghany Corporation which is valued at $3,039,086. Alleghany Corporation makes up approx 0.07% of Oregon Public Employees Retirement Fund’s portfolio.Moon Capital Management reduced its stake in Y by selling 40 shares or 0.63% in the most recent quarter. The Hedge Fund company now holds 6,316 shares of Y which is valued at $3,204,486. Alleghany Corporation makes up approx 4.04% of Moon Capital Management’s portfolio.British Columbia Investment Management Corp boosted its stake in Y in the latest quarter, The investment management firm added 7,380 additional shares and now holds a total of 11,662 shares of Alleghany Corporation which is valued at $5,683,942. Alleghany Corporation makes up approx 0.05% of British Columbia Investment Management Corp’s portfolio.

On the company’s financial health, Alleghany Corporation reported $8.84 EPS for the quarter, beating the analyst consensus estimate by $ 2.15 according to the earnings call on Feb 23, 2016. Analyst had a consensus of $6.69.During the same quarter in the previous year, the company posted $8.61 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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