Pax World Management buys $22,447,816 stake in Alleghany Corporation (Y)

Alleghany Corporation (Y) : Pax World Management scooped up 1,227 additional shares in Alleghany Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 41,997 shares of Alleghany Corporation which is valued at $22,447,816.Alleghany Corporation makes up approximately 1.26% of Pax World Management’s portfolio.

Other Hedge Funds, Including , Royce Associates Lp boosted its stake in Y in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 182,518 shares of Alleghany Corporation which is valued at $97,557,696. Alleghany Corporation makes up approx 0.61% of Royce Associates Lp’s portfolio.Rothschild Asset Management Inc boosted its stake in Y in the latest quarter, The investment management firm added 37,093 additional shares and now holds a total of 37,838 shares of Alleghany Corporation which is valued at $20,349,655. Alleghany Corporation makes up approx 0.36% of Rothschild Asset Management Inc’s portfolio.Rdl Financial Inc reduced its stake in Y by selling 1,137 shares or 31.91% in the most recent quarter. The Hedge Fund company now holds 2,426 shares of Y which is valued at $1,304,727. Alleghany Corporation makes up approx 0.94% of Rdl Financial Inc’s portfolio.Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in Y by selling 184 shares or 8.64% in the most recent quarter. The Hedge Fund company now holds 1,945 shares of Y which is valued at $1,046,040. Alleghany Corporation makes up approx 0.01% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Quadrant Capital Group boosted its stake in Y in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 5 shares of Alleghany Corporation which is valued at $2,718.

Alleghany Corporation closed down -0.56 points or -0.10% at $533.31 with 55,233 shares getting traded on Monday. Post opening the session at $536.6, the shares hit an intraday low of $527.4101 and an intraday high of $537.03 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 $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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