Alleghany Co. (Y) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lessened its stake in Alleghany Co. (NYSE:Y) by 7.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,206 shares of the insurance provider’s stock after selling 2,240 shares during the quarter. California State Teachers Retirement System owned 0.18% of Alleghany worth $16,777,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in Y. YorkBridge Wealth Partners LLC increased its holdings in Alleghany by 1.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 206 shares of the insurance provider’s stock valued at $124,000 after acquiring an additional 3 shares in the last quarter. Financial Architects Inc increased its holdings in Alleghany by 2.9% during the 2nd quarter. Financial Architects Inc now owns 175 shares of the insurance provider’s stock valued at $104,000 after acquiring an additional 5 shares in the last quarter. Cadence Capital Management LLC increased its holdings in Alleghany by 1.0% during the 2nd quarter. Cadence Capital Management LLC now owns 491 shares of the insurance provider’s stock valued at $292,000 after acquiring an additional 5 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its holdings in Alleghany by 0.4% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 2,671 shares of the insurance provider’s stock valued at $1,468,000 after acquiring an additional 10 shares in the last quarter. Finally, IHT Wealth Management LLC increased its holdings in Alleghany by 9.3% during the 1st quarter. IHT Wealth Management LLC now owns 165 shares of the insurance provider’s stock valued at $101,000 after acquiring an additional 14 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Alleghany Co. (NYSE:Y) opened at 560.43 on Thursday. The firm’s 50-day moving average is $555.06 and its 200 day moving average is $585.67. Alleghany Co. has a 12-month low of $510.52 and a 12-month high of $667.19. The stock has a market capitalization of $8.64 billion, a P/E ratio of 18.16 and a beta of 0.94.

Alleghany (NYSE:Y) last issued its quarterly earnings results on Thursday, August 3rd. The insurance provider reported $6.37 EPS for the quarter, missing the consensus estimate of $8.10 by ($1.73). Alleghany had a return on equity of 4.91% and a net margin of 6.59%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the firm posted $4.99 earnings per share. Alleghany’s revenue was down 1.8% compared to the same quarter last year. Equities research analysts anticipate that Alleghany Co. will post ($2.38) earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Alleghany Co. (Y) Shares Sold by California State Teachers Retirement System” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://ledgergazette.com/2017/10/19/alleghany-co-y-shares-sold-by-california-state-teachers-retirement-system.html.

Several research firms have weighed in on Y. JMP Securities upgraded shares of Alleghany from a “market perform” rating to an “outpe

Several other institutional investors and hedge funds also recently made changes to their positions in Y. YorkBridge Wealth Partners LLC increased its holdings in Alleghany by 1.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 206 shares of the insurance provider’s stock valued at $124,000 after acquiring an additional 3 shares in the last quarter. Financial Architects Inc increased its holdings in Alleghany by 2.9% during the 2nd quarter. Financial Architects Inc now owns 175 shares of the insurance provider’s stock valued at $104,000 after acquiring an additional 5 shares in the last quarter. Cadence Capital Management LLC increased its holdings in Alleghany by 1.0% during the 2nd quarter. Cadence Capital Management LLC now owns 491 shares of the insurance provider’s stock valued at $292,000 after acquiring an additional 5 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its holdings in Alleghany by 0.4% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 2,671 shares of the insurance provider’s stock valued at $1,468,000 after acquiring an additional 10 shares in the last quarter. Finally, IHT Wealth Management LLC increased its holdings in Alleghany by 9.3% during the 1st quarter. IHT Wealth Management LLC now owns 165 shares of the insurance provider’s stock valued at $101,000 after acquiring an additional 14 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Alleghany Co. (NYSE:Y) opened at 560.43 on Thursday. The firm’s 50-day moving average is $555.06 and its 200 day moving average is $585.67. Alleghany Co. has a 12-month low of $510.52 and a 12-month high of $667.19. The stock has a market capitalization of $8.64 billion, a P/E ratio of 18.16 and a beta of 0.94.

Alleghany (NYSE:Y) last issued its quarterly earnings results on Thursday, August 3rd. The insurance provider reported $6.37 EPS for the quarter, missing the consensus estimate of $8.10 by ($1.73). Alleghany had a return on equity of 4.91% and a net margin of 6.59%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the firm posted $4.99 earnings per share. Alleghany’s revenue was down 1.8% compared to the same quarter last year. Equities research analysts anticipate that Alleghany Co. will post ($2.38) earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Alleghany Co. (Y) Shares Sold by California State Teachers Retirement System” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://ledgergazette.com/2017/10/19/alleghany-co-y-shares-sold-by-california-state-teachers-retirement-system.html.

Several research firms have weighed in on Y. JMP Securities upgraded shares of Alleghany from a “market perform” rating to an “outperform” rating and set a $625.00 target price for the company in a report on Monday, September 11th. BidaskClub downgraded shares of Alleghany from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Zacks Investment Research downgraded shares of Alleghany from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Credit Suisse Group restated a “hold” rating on shares of Alleghany in a report on Tuesday, July 11th.

Alleghany Company Profile

Alleghany Corporation is an insurance holding company. The Company, through its subsidiary Alleghany Insurance Holdings LLC (AIHL) and its subsidiaries, is engaged in the property and casualty insurance business. AIHL’s insurance operations are conducted by its subsidiaries RSUI Group, Inc (RSUI), CapSpecialty, Inc (CapSpecialty) and Pacific Compensation Corporation (PacificComp).

Institutional Ownership by Quarter for Alleghany (NYSE:Y)

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