Mcclain Value Management Lowers stake in Alleghany Corporation (Y)

Alleghany Corporation (Y) : Mcclain Value Management reduced its stake in Alleghany Corporation by 70.49% during the most recent quarter end. The investment management company now holds a total of 11,574 shares of Alleghany Corporation which is valued at $6,007,022 after selling 27,652 shares in Alleghany Corporation , the firm said in a disclosure report filed with the SEC on May 3, 2016.Alleghany Corporation makes up approximately 4.89% of Mcclain Value Management’s portfolio.

Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan boosted its stake in Y in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 5,140 shares of Alleghany Corporation which is valued at $2,667,711. Alleghany Corporation makes up approx 0.18% of Municipal Employees’ Retirement System Of Michigan’s portfolio. Mcrae Capital Management Inc added Y to its portfolio by purchasing 510 company shares during the most recent quarter which is valued at $264,695. Alleghany Corporation makes up approx 0.12% of Mcrae Capital Management Inc’s portfolio.Aperio Group boosted its stake in Y in the latest quarter, The investment management firm added 145 additional shares and now holds a total of 4,694 shares of Alleghany Corporation which is valued at $2,446,888. Alleghany Corporation makes up approx 0.02% of Aperio Group’s portfolio.Glenmede Trust Co Na boosted its stake in Y in the latest quarter, The investment management firm added 153 additional shares and now holds a total of 3,699 shares of Alleghany Corporation which is valued at $1,928,215. Alleghany Corporation makes up approx 0.01% of Glenmede Trust Co Na’s portfolio.

Alleghany Corporation opened for trading at $519 and hit $527.67 on the upside on Tuesday, eventually ending the session at $524.56, with a gain of 1.07% or 5.56 points. The heightened volatility saw the trading volume jump to 67,979 shares. Company has a market cap of $8,098 M.

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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