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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Alleghany Corporation
Type
Public
Traded as NYSE: Y
S&P 400 Component
Industry Holding company
Founded 1929
Founder Oris and Mantis Van Sweringen
Headquarters Times Square Tower
New York City
United States
Website www.alleghany.com

Alleghany Corporation is an investment holding company originally created by the railroad entrepreneurs Oris and Mantis Van Sweringen as a holding company for their railroad interests. It was incorporated in 1929 and reincorporated in Delaware in 1984.

After the company's bankruptcy in the Great Depression, control of the company fell into the hands of Robert Ralph Young and Allan Price Kirby. Young used the company as a vehicle for his vendetta against the J.P. Morgan banking interests, who had financed the Van Sweringens and managed to defeat them and the Vanderbilt interests in a 1954 proxy fight for the New York Central Railroad. The failing New York Central was in worse shape than Young had bargained for and he committed suicide shortly after being forced to suspend the dividend in January 1958. After Young's death, his role in NYC management was assumed by his protégé Alfred E. Perlman. Although much had been accomplished to streamline NYC operations, in those tough economic times, mergers with other railroads were seen as the only possible road to financial stability. The most likely suitor became the NYC's former arch-rival Pennsylvania Railroad. During the early 1960s, New York Central negotiated a merger with the Pennsylvania Railroad (PRR), which was led by Stuart T. Saunders after 1963. Saunders had most recently led the Norfolk and Western Railway through a successful expansion through acquisition and mergers including the Virginian Railway, Nickel Plate Road and Wabash Railway. There was great hope that success would result from the NYC-PRR combination. Penn Central Transportation Company was formed by the merger on February 1, 1968. However, the underlying financial weakness of both former railroads, combined with the fact that the ICC forced the chronically weak New Haven Railroad into the system, doomed the Penn Central and bankruptcy was declared shortly a little over 2 years later, on June 21, 1970. Many of the Penn Central railroad assets ended up in Conrail, formed in 1976. The bankruptcy of the Penn Central railroad mostly ended Alleghany's involvement in the railroad business.

The company's residual railroad investments led to president and CEO John J. Burns serving on the board of Burlington Northern Santa Fe Corporation from 1995 to 2004.

Now Alleghany Corporation focuses on the insurance business (property, casualty, surety and fidelity insurance). Until his death in February 2011, Allan Kirby's son, Fred M. Kirby 2nd, was the chairman of the board and a sometime member of the Forbes 400 list of richest Americans.

Alleghany's current portfolio includes:

Investment goal date:
Dividends reinvested
Alleghany Corporation Y report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-05-04
--
--
Q4 2017
2018-02-23
--
--
Q4 2017
2018-02-20
--
--
Q3 2017
2017-11-02
0.0000
0.0000
Q2 2017
2017-08-03
6.3700
6.6000
Q1 2017
2017-05-04
7.2900
9.6700
Q4 2016
2017-02-22
7.0200
4.4500
Q3 2016
2016-11-01
9.4400
10.0900
Q2 2016
2016-08-02
2.9600
4.9900
Q1 2016
2016-05-05
9.3200
9.9600
Q4 2015
2016-02-23
8.4400
9.8300
Q3 2015
2015-11-03
7.0300
6.0700
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
Artisan Partners Limited Partnership
435339
Bank of New York Mellon Corp
351437
BlackRock Fund Advisors
651273
BlackRock Inc.
1424386
BlackRock Institutional Trust Company, N.A.
507898
Boston Partners
666514
First Eagle Investment Management, LLC
652185
FRANKLIN RESOURCES INC
660045
JPMORGAN CHASE & CO
340040
Kiltearn Partners LLP
256180
LONDON CO OF VIRGINIA
217627
STATE STREET CORP
605128
Vanguard Group, Inc
1232888
VICTORY CAPITAL MANAGEMENT INC
281029
WELLINGTON MANAGEMENT CO LLP
470450
Major Shareholders
Name Relationship
Total Shares
Holding stocks
BURNS JOHN J JR
0.3200% (52570)
Y /
CARMICHAEL DAN R
0.0500% (7734)
PTP / Y /
LAVIN WILLIAM K
0.0100% (2205)
Y /
JOHNSON THOMAS S
0.0400% (6761)
PNX / RRD / Y /
ADAMS REX D
0.0200% (3757)
IVZ / Y /
BRADLEY STEPHEN P
0.0100% (1196)
Y /
HICKS WESTON M
0.3700% (61385)
AB / Y /
BRENNER KAREN
0.0200% (2961)
Y /
MARTINEAU PHILLIP M
0.0200% (3070)
Y /
FOOS JOHN G
0.0100% (2354)
Y /
WILL JAMES F
0.0200% (3177)
Y /
Gorham Roger Bryce
0.0400% (7150)
Y /
Borrelli Jerry
0.0100% (1325)
Y /
Kirby Jefferson
0.3600% (58456)
Y /
Wong Raymond
0.0400% (6100)
Y /
Sennott John Langton JR
0.0300% (4990)
Y /
Dalrymple Christopher Kent
0.0300% (4425)
Y /
Chippendale Ian H
0.0100% (1706)
Y /
UTA Capital LLC
8.8800% (1453493)
ICLD / MICT / Y /
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