Lafayette Investments Lowers stake in Alleghany Corporation (Y)

Alleghany Corporation (Y) : Lafayette Investments reduced its stake in Alleghany Corporation by 0.99% during the most recent quarter end. The investment management company now holds a total of 16,823 shares of Alleghany Corporation which is valued at $9,361,831 after selling 169 shares in Alleghany Corporation , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Alleghany Corporation makes up approximately 3.69% of Lafayette Investments’s portfolio.

Other Hedge Funds, Including , Shelton Capital Management sold out all of its stake in Y during the most recent quarter. The investment firm sold 1,745 shares of Y which is valued $971,075. Citadel Advisors added Y to its portfolio by purchasing 2,170 company shares during the most recent quarter which is valued at $1,180,567.Sii Investments Incwi reduced its stake in Y by selling 3 shares or 0.7% in the most recent quarter. The Hedge Fund company now holds 424 shares of Y which is valued at $230,673. Alleghany Corporation makes up approx 0.02% of Sii Investments Incwi’s portfolio.

Alleghany Corporation closed down -1.12 points or -0.20% at $566.39 with 34,126 shares getting traded on Monday. Post opening the session at $568.09, the shares hit an intraday low of $565.26 and an intraday high of $569.11 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Alleghany Corporation reported $10.09 EPS for the quarter, beating the analyst consensus estimate by $ 2.66 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $7.43. The company had revenue of $1.61 million for the quarter.The company’s revenue was up 35.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.07 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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