Alleghany Corporation (Y) : Kiltearn Partners Llp reduced its stake in Alleghany Corporation by 9.46% during the most recent quarter end. The investment management company now holds a total of 226,780 shares of Alleghany Corporation which is valued at $121,071,039 after selling 23,700 shares in Alleghany Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Alleghany Corporation makes up approximately 5.04% of Kiltearn Partners Llp’s portfolio.
Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in Y in the latest quarter, The investment management firm added 33,865 additional shares and now holds a total of 1,092,776 shares of Alleghany Corporation which is valued at $583,400,323. Alleghany Corporation makes up approx 0.03% of Vanguard Group Inc’s portfolio. Gratus Capital added Y to its portfolio by purchasing 7,426 company shares during the most recent quarter which is valued at $3,993,777. Alleghany Corporation makes up approx 0.58% of Gratus Capital’s portfolio. Capital Fund Management S.a. sold out all of its stake in Y during the most recent quarter. The investment firm sold 3,300 shares of Y which is valued $1,799,589.Louisiana State Employees Retirement System reduced its stake in Y by selling 200 shares or 4.65% in the most recent quarter. The Hedge Fund company now holds 4,100 shares of Y which is valued at $2,235,853. Alleghany Corporation makes up approx 0.11% of Louisiana State Employees Retirement System’s portfolio.
Alleghany Corporation opened for trading at $528 and hit $531.5 on the upside on Friday, eventually ending the session at $530.65, with a gain of 0.15% or 0.78 points. The heightened volatility saw the trading volume jump to 51,733 shares. Company has a market cap of $8,193 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 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).