Victory Capital Management Inc. lowered its position in Alleghany Co. (NYSE:Y) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 498,180 shares of the insurance provider’s stock after selling 14,629 shares during the period. Alleghany accounts for about 0.8% of Victory Capital Management Inc.’s holdings, making the stock its biggest position. Victory Capital Management Inc. owned approximately 3.36% of Alleghany worth $310,525,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in Y. Daiwa Securities Group Inc. lifted its holdings in shares of Alleghany by 7.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 548 shares of the insurance provider’s stock valued at $342,000 after purchasing an additional 40 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Alleghany by 0.4% in the fourth quarter. Arizona State Retirement System now owns 17,253 shares of the insurance provider’s stock valued at $10,754,000 after purchasing an additional 61 shares in the last quarter. Mcrae Capital Management Inc. lifted its holdings in shares of Alleghany by 11.3% in the fourth quarter. Mcrae Capital Management Inc. now owns 740 shares of the insurance provider’s stock valued at $461,000 after purchasing an additional 75 shares in the last quarter. TD Asset Management Inc. lifted its holdings in shares of Alleghany by 0.7% in the fourth quarter. TD Asset Management Inc. now owns 11,759 shares of the insurance provider’s stock valued at $7,330,000 after purchasing an additional 76 shares in the last quarter. Finally, Strs Ohio lifted its holdings in shares of Alleghany by 3.1% in the third quarter. Strs Ohio now owns 3,071 shares of the insurance provider’s stock valued at $2,003,000 after purchasing an additional 93 shares in the last quarter. Institutional investors and hedge funds own 81.40% of the company’s stock.
Separately, Zacks Investment Research restated a “sell” rating on shares of Alleghany in a report on Saturday, November 17th.
Shares of Y stock traded up $1.84 during trading hours on Tuesday, reaching $640.08. The company had a trading volume of 151 shares, compared to its average volume of 58,268. Alleghany Co. has a 12 month low of $558.50 and a 12 month high of $659.88. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $9.47 billion, a PE ratio of 312.22 and a beta of 0.76.
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Alleghany Corporation provides property and casualty reinsurance and insurance products in the United States and internationally. The company operates in two segments, Reinsurance and Insurance. The Reinsurance segment offers property reinsurance products, including fire, allied lines, auto physical damage, and homeowners multiple peril reinsurance products; and casualty and other reinsurance products, such as liability, medical malpractice, ocean marine and aviation, auto liability, accident and health, surety, and credit reinsurance products.
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