Alleghany Corporation (Y) : Lafayette Investments reduced its stake in Alleghany Corporation by 0.65% during the most recent quarter end. The investment management company now holds a total of 17,176 shares of Alleghany Corporation which is valued at $9 Million after selling 112 shares in Alleghany Corporation , the firm said in a disclosure report filed with the SEC on May 13, 2016.Alleghany Corporation makes up approximately 3.75% of Lafayette Investments’s portfolio.
Other Hedge Funds, Including , Pictet Asset Management Ltd boosted its stake in Y in the latest quarter, The investment management firm added 110 additional shares and now holds a total of 7,784 shares of Alleghany Corporation which is valued at $4.1 Million. Alleghany Corporation makes up approx 0.02% of Pictet Asset Management Ltd’s portfolio.First Trust Advisors Lp reduced its stake in Y by selling 5,802 shares or 23.09% in the most recent quarter. The Hedge Fund company now holds 19,325 shares of Y which is valued at $10.2 Million. Alleghany Corporation makes up approx 0.03% of First Trust Advisors Lp’s portfolio.Ibm Retirement Fund reduced its stake in Y by selling 2,260 shares or 58.07% in the most recent quarter. The Hedge Fund company now holds 1,632 shares of Y which is valued at $857,942. Alleghany Corporation makes up approx 0.03% of Ibm Retirement Fund’s portfolio.Advantus Capital Management Inc boosted its stake in Y in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 2,142 shares of Alleghany Corporation which is valued at $1.1 Million. Alleghany Corporation makes up approx 0.03% of Advantus Capital Management Inc’s portfolio.Johnson Financial Group reduced its stake in Y by selling 10 shares or 1.03% in the most recent quarter. The Hedge Fund company now holds 963 shares of Y which is valued at $506,249. Alleghany Corporation makes up approx 0.10% of Johnson Financial Group’s portfolio.
Alleghany Corporation closed down -1.13 points or -0.21% at $534.32 with 53,968 shares getting traded on Wednesday. Post opening the session at $535.85, the shares hit an intraday low of $529.14 and an intraday high of $535.9 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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 Companys 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. AIHLs 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).