Robeco Institutional Asset Management B.V. boosted its position in Alleghany Corp. (NYSE:Y) by 15.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,020 shares of the company’s stock after buying an additional 10,044 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.49% of Alleghany Corp. worth $39,386,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of Y. Speece Thorson Capital Group Inc. raised its position in shares of Alleghany Corp. by 1.4% in the second quarter. Speece Thorson Capital Group Inc. now owns 36,103 shares of the company’s stock worth $19,841,000 after buying an additional 484 shares during the period. Victory Capital Management Inc. increased its position in Alleghany Corp. by 26.8% in the second quarter. Victory Capital Management Inc. now owns 203,041 shares of the company’s stock worth $111,587,000 after buying an additional 42,954 shares in the last quarter. Invictus RG acquired a new position in Alleghany Corp. during the second quarter worth about $227,000. Capital One National Association increased its position in Alleghany Corp. by 6.5% in the second quarter. Capital One National Association now owns 1,179 shares of the company’s stock worth $648,000 after buying an additional 72 shares in the last quarter. Finally, Suntrust Banks Inc. increased its position in Alleghany Corp. by 18.1% in the second quarter. Suntrust Banks Inc. now owns 3,302 shares of the company’s stock worth $1,814,000 after buying an additional 505 shares in the last quarter. 81.22% of the stock is currently owned by institutional investors.
Shares of Alleghany Corp. (NYSE:Y) opened at 576.73 on Monday. The firm has a market capitalization of $8.89 billion, a P/E ratio of 16.51 and a beta of 0.87. Alleghany Corp. has a 52 week low of $446.50 and a 52 week high of $578.54. The firm has a 50-day moving average of $534.88 and a 200 day moving average of $533.47.
Alleghany Corp. (NYSE:Y) last posted its earnings results on Tuesday, November 1st. The company reported $10.09 earnings per share for the quarter, beating the consensus estimate of $7.74 by $2.35. The company had revenue of $1.61 million for the quarter, compared to analyst estimates of $218.43 million. Alleghany Corp. had a net margin of 9.02% and a return on equity of 6.36%. Alleghany Corp.’s revenue was up 35.3% on a year-over-year basis. During the same period in the previous year, the business posted $6.07 EPS. On average, equities research analysts expect that Alleghany Corp. will post $27.50 EPS for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of Alleghany Corp. from a “hold” rating to a “strong-buy” rating and set a $648.00 target price for the company in a research note on Wednesday, November 16th.
Alleghany Corp. Company Profile