Contravisory Investment Management INC Decreased Its Alleghany Corp Del (Y) Position by $6.09 Million; Stock Rose

April 17, 2018 - By wolcottdaily

Alleghany Corporation (NYSE:Y) LogoInvestors sentiment decreased to 1.07 in 2017 Q4. Its down 0.07, from 1.14 in 2017Q3. It dropped, 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. Australia-based Amp Capital Investors has invested 0.01% in Alleghany Corporation (NYSE:Y). Dorsey Whitney Trust Lc reported 583 shares or 0.06% of all its holdings. Balyasny Asset Mngmt Lc reported 0.01% in Alleghany Corporation (NYSE:Y). Comerica Bankshares holds 12,163 shares. Fiduciary Comm holds 337 shares. Thompson Siegel & Walmsley Ltd Com accumulated 227,498 shares or 1.61% of the stock. Jane Street Group Inc Lc stated it has 0% in Alleghany Corporation (NYSE:Y). Silchester Llp stated it has 3,931 shares or 0.11% of all its holdings. 31,147 were accumulated by Credit Suisse Ag. Pnc Grp has 83,605 shares. Creative Planning stated it has 2,127 shares or 0.01% of all its holdings. New York State Teachers Retirement Sys holds 0.03% of its portfolio in Alleghany Corporation (NYSE:Y) for 19,000 shares. American Group Inc accumulated 32,348 shares. Moreover, Stifel Corp has 0.01% invested in Alleghany Corporation (NYSE:Y) for 4,788 shares. Bowen Hanes & Communications holds 461 shares.

Since February 27, 2018, it had 0 insider purchases, 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 $9.18B 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 $275.71 million US Long portfolio, upped its stake in Wyndham Worldwide Corp (NYSE:WYN) by 39,520 shares to 42,775 shares, valued at $4.96 million in 2017Q4, according to the filing.

Analysts await Alleghany Corporation (NYSE:Y) to report earnings on May, 3. They expect $8.16 EPS, up 11.93 % or $0.87 from last year’s $7.29 per share. Y’s profit will be $125.64M for 18.27 P/E if the $8.16 EPS becomes a reality. After $9.89 actual EPS 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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