Contravisory Investment Management INC Trimmed Its Holding in Alleghany Corp Del (Y) by $6.09 Million

April 17, 2018 - By Peter Erickson

Alleghany Corporation (NYSE:Y) LogoInvestors sentiment decreased to 1.07 in 2017 Q4. Its down 0.07, from 1.14 in 2017Q3. It turned negative, as 28 investors sold Y shares while 97 reduced holdings. 42 funds opened positions while 92 raised stakes. 12.58 million shares or 0.15% more from 12.56 million shares in 2017Q3 were reported. Alliancebernstein LP accumulated 0.01% or 12,682 shares. Advisory Network Ltd Liability Corp reported 0% in Alleghany Corporation (NYSE:Y). 17,094 were accumulated by Lafayette Investments. Lenox Wealth Management Inc reported 7 shares stake. State Of Tennessee Treasury Department owns 0.01% invested in Alleghany Corporation (NYSE:Y) for 4,700 shares. Moreover, Marathon Asset Mgmt Llp has 0.65% invested in Alleghany Corporation (NYSE:Y) for 71,054 shares. Goldman Sachs Group Incorporated holds 40,865 shares. Jane Street Gp Inc Lc invested 0% in Alleghany Corporation (NYSE:Y). Panagora Asset accumulated 1,774 shares. Usca Ria Limited accumulated 0.04% or 589 shares. Alps Advisors accumulated 5,719 shares. Parametric Associate Ltd Liability Co owns 23,420 shares for 0.01% of their portfolio. Philadelphia Fincl Management Of San Francisco Lc reported 24,500 shares stake. Blackrock owns 1.46M shares. Weaver C Barksdale And stated it has 0.04% of its portfolio in Alleghany Corporation (NYSE:Y).

Since February 27, 2018, it had 0 buys, and 1 sale for $323,501 activity.

Contravisory Investment Management Inc decreased its stake in Alleghany Corp Del (Y) by 99.41% based on its latest 2017Q4 regulatory filing with the SEC. Contravisory Investment Management Inc sold 10,154 shares as the company’s stock rose 1.88% while stock markets declined. The institutional investor held 60 shares of the property-casualty insurers company at the end of 2017Q4, valued at $36,000, down from 10,214 at the end of the previous reported quarter. Contravisory Investment Management Inc who had been investing in Alleghany Corp Del for a number of months, seems to be less bullish one the $9.18 billion market cap company. The stock increased 0.62% or $3.7 during the last trading session, reaching $596.29. About 25,103 shares traded. Alleghany Corporation (NYSE:Y) has declined 2.82% since April 17, 2017 and is downtrending. It has underperformed by 14.37% the S&P500.

Contravisory Investment Management Inc, which manages about $746.49 million and $275.71M US Long portfolio, upped its stake in Affiliated Managers Group (NYSE:AMG) by 21,642 shares to 23,268 shares, valued at $4.78M in 2017Q4, according to the filing.

Analysts await Alleghany Corporation (NYSE:Y) to report earnings on May, 3. They expect $8.16 earnings per share, up 11.93 % or $0.87 from last year’s $7.29 per share. Y’s profit will be $125.64 million for 18.27 P/E if the $8.16 EPS becomes a reality. After $9.89 actual earnings per share reported by Alleghany Corporation for the previous quarter, Wall Street now forecasts -17.49 % negative EPS growth.

Alleghany Corporation (NYSE:Y) Institutional Positions Chart

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