Mcclain Value Management Lowers stake in Alleghany Corporation (Y)

Alleghany Corporation (Y) : Mcclain Value Management reduced its stake in Alleghany Corporation by 19.77% during the most recent quarter end. The investment management company now holds a total of 9,286 shares of Alleghany Corporation which is valued at $4,963,460 after selling 2,288 shares in Alleghany Corporation , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Alleghany Corporation makes up approximately 3.97% of Mcclain Value Management’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.Oregon Public Employees Retirement Fund boosted its stake in Y in the latest quarter, The investment management firm added 125 additional shares and now holds a total of 6,115 shares of Alleghany Corporation which is valued at $3,288,708. Alleghany Corporation makes up approx 0.07% of Oregon Public Employees Retirement Fund’s portfolio.California State Teachers Retirement System reduced its stake in Y by selling 2,497 shares or 7.15% in the most recent quarter. The Hedge Fund company now holds 32,427 shares of Y which is valued at $17,439,565. Alleghany Corporation makes up approx 0.04% of California State Teachers Retirement System’s portfolio.Financial Architects Inc boosted its stake in Y in the latest quarter, The investment management firm added 40 additional shares and now holds a total of 202 shares of Alleghany Corporation which is valued at $110,157. Alleghany Corporation makes up approx 0.03% of Financial Architects Inc’s portfolio.

Alleghany Corporation closed down -3.48 points or -0.66% at $519.9 with 60,258 shares getting traded on Wednesday. Post opening the session at $523.44, the shares hit an intraday low of $517.89 and an intraday high of $523.44 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 $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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