Alleghany Corporation (Y) : Miracle Mile Advisors reduced its stake in Alleghany Corporation by 15.0% during the most recent quarter end. The investment management company now holds a total of 510 shares of Alleghany Corporation which is valued at $264,695 after selling 90 shares in Alleghany Corporation , the firm said in a disclosure report filed with the SEC on May 3, 2016.Alleghany Corporation makes up approximately 0.09% of Miracle Mile Advisors’s portfolio.
Other Hedge Funds, Including , Bluecrest Capital Management Ltd sold out all of its stake in Y during the most recent quarter. The investment firm sold 1,030 shares of Y which is valued $534,580.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in Y in the latest quarter, The investment management firm added 137 additional shares and now holds a total of 2,140 shares of Alleghany Corporation which is valued at $1,110,681. Alleghany Corporation makes up approx 0.03% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio. Tokio Marine Asset Management Co Ltd added Y to its portfolio by purchasing 677 company shares during the most recent quarter which is valued at $351,370. Alleghany Corporation makes up approx 0.04% of Tokio Marine Asset Management Co Ltd’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 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).