November 29, 2016 - By Ruchi Gupta · 0 Comments
Alleghany Corp (NYSE:Y) institutional sentiment decreased to 0.94 in Q2 2016. Its down -0.14, from 1.08 in 2016Q1. The ratio dropped, as 139 investment professionals started new or increased stock positions, while 129 cut down and sold their positions in Alleghany Corp. The investment professionals in our partner’s database now own: 12.39 million shares, down from 19.65 million shares in 2016Q1. Also, the number of investment professionals holding Alleghany Corp in their top 10 stock positions was flat from 12 to 12 for the same number . Sold All: 21 Reduced: 108 Increased: 118 New Position: 21.
Alleghany Corporation is an insurance holding company. The company has a market cap of $8.70 billion. The Firm owns and manages operating subsidiaries and investments, which are involved in the property and casualty reinsurance and insurance. It has a 16.25 P/E ratio. The Firm operates through two divisions: reinsurance and insurance.
About 22,800 shares traded hands. Alleghany Corporation (NYSE:Y) has risen 10.58% since April 26, 2016 and is uptrending. It has outperformed by 5.32% the S&P500.
Analysts await Alleghany Corporation (NYSE:Y) to report earnings on February, 28. They expect $5.78 EPS, down 31.52% or $2.66 from last year’s $8.44 per share. Y’s profit will be $88.16M for 24.67 P/E if the $5.78 EPS becomes a reality. After $9.44 actual EPS reported by Alleghany Corporation for the previous quarter, Wall Street now forecasts -38.77% negative EPS growth.
According to Zacks Investment Research, “ALLEGHANY CORP. is engaged, through its subsidiaries Chicago Title and Trust Company (CT&T), Chicago Title Insurance Company (CTI), Security Union Title Insurance Company (Security Union) and Ticor Title Insurance Company (Ticor Title) and their subsidiaries, in the sale and underwriting of title insurance and in other real estate-related services businesses, and through CT&T’s subsidiary, Alleghany Asset Management, Inc. (Alleghany Asset Management) and its subsidiaries, in certain other financial services businesses.”
Mraz Amerine & Associates Inc. holds 7.36% of its portfolio in Alleghany Corporation for 38,267 shares. Centaur Capital Partners L.P. owns 9,100 shares or 7.24% of their US portfolio. Moreover, Kiltearn Partners Llp has 5.62% invested in the company for 226,780 shares. The Florida-based Goodhaven Capital Management Llc has invested 5.19% in the stock. Mcclain Value Management Llc, a Connecticut-based fund reported 9,286 shares.#img1#
Alleghany Corporation, incorporated on November 16, 1984, is an insurance holding company. The Firm owns and manages operating subsidiaries and investments, which are involved in the property and casualty reinsurance and insurance. The Firm operates through two divisions: reinsurance and insurance. The Company’s reinsurance segment consists of property and casualty reinsurance activities conducted by the Company’s subsidiary, Transatlantic Holdings, Inc. (TransRe), and its reinsurance operating subsidiaries. The Company’s insurance segment consists of property and casualty insurance activities conducted by Alleghany Insurance Holdings LLC (AIHL) through its insurance operating subsidiaries, RSUI Group, Inc. (RSUI), CapSpecialty, Inc. (CapSpecialty) and Pacific Compensation Corporation (PacificComp). The Firm owns and manages properties in the Sacramento, California region through its subsidiary, Alleghany Properties Holdings LLC (Alleghany Properties).
More important recent Alleghany Corporation (NYSE:Y) news were published by: Prnewswire.com which released: “Alleghany Corporation Announces Preliminary Hurricane Matthew Loss Estimate” on November 17, 2016, also Prnewswire.com published article titled: “Alleghany Corporation Reports 2016 Third Quarter Results — Notice”, Finance.Yahoo.com published: “Alleghany Corporation Unit Expands Mobile Medical Services” on November 17, 2016. More interesting news about Alleghany Corporation (NYSE:Y) was released by: Reuters.com and their article: “BRIEF-Alleghany corporation announces preliminary hurricane Matthew loss e…” with publication date: November 17, 2016.
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By Ruchi Gupta