Gratus Capital adds Alleghany Corporation (Y) to its portfolio

Alleghany Corporation (Y) : Gratus Capital added new position in Alleghany Corporation during the most recent quarter end. The investment management firm now holds 7,426 shares of Alleghany Corporation which is valued at $3,993,777 , the company said in a statement filed on Aug 3, 2016 with the SEC.Alleghany Corporation makes up approximately 0.58% of Gratus Capital’s portfolio.

Other Hedge Funds, Including , Rothschild Asset Management Inc boosted its stake in Y in the latest quarter, The investment management firm added 37,093 additional shares and now holds a total of 37,838 shares of Alleghany Corporation which is valued at $20,349,655. Alleghany Corporation makes up approx 0.36% of Rothschild Asset Management Inc’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in Y in the latest quarter, The investment management firm added 38 additional shares and now holds a total of 2,178 shares of Alleghany Corporation which is valued at $1,171,350. Alleghany Corporation makes up approx 0.03% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.First Citizens Bank Trust Co boosted its stake in Y in the latest quarter, The investment management firm added 727 additional shares and now holds a total of 1,575 shares of Alleghany Corporation which is valued at $856,013. Alleghany Corporation makes up approx 0.07% of First Citizens Bank Trust Co’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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