Lafayette Investments Lowers stake in Alleghany Corporation (Y)

Alleghany Corporation (Y) : Lafayette Investments reduced its stake in Alleghany Corporation by 1.07% during the most recent quarter end. The investment management company now holds a total of 16,992 shares of Alleghany Corporation which is valued at $9,071,519 after selling 184 shares in Alleghany Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Alleghany Corporation makes up approximately 3.64% of Lafayette Investments’s portfolio.

Other Hedge Funds, Including , Utah Retirement Systems reduced its stake in Y by selling 100 shares or 3.4% in the most recent quarter. The Hedge Fund company now holds 2,845 shares of Y which is valued at $1,530,069. Alleghany Corporation makes up approx 0.04% of Utah Retirement Systems’s portfolio.Mcrae Capital Management Inc boosted its stake in Y in the latest quarter, The investment management firm added 110 additional shares and now holds a total of 620 shares of Alleghany Corporation which is valued at $333,442. Alleghany Corporation makes up approx 0.15% of Mcrae Capital Management Inc’s portfolio.Aberdeen Asset Management Plcuk boosted its stake in Y in the latest quarter, The investment management firm added 115 additional shares and now holds a total of 1,385 shares of Alleghany Corporation which is valued at $744,867.Hermes Investment Management Ltd reduced its stake in Y by selling 1,638 shares or 2.97% in the most recent quarter. The Hedge Fund company now holds 53,593 shares of Y which is valued at $29,577,441. Alleghany Corporation makes up approx 0.58% of Hermes Investment Management Ltd’s portfolio.

Alleghany Corporation closed down -7.88 points or -1.47% at $528.32 with 39,719 shares getting traded on Thursday. Post opening the session at $538.34, the shares hit an intraday low of $524.79 and an intraday high of $539.79 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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