Tredje AP fonden boosted its position in shares of Alleghany Corporation (NYSE:Y) by 12.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,739 shares of the company’s stock after buying an additional 539 shares during the period. Tredje AP fonden’s holdings in Alleghany Corporation were worth $2,882,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Franklin Resources Inc. raised its position in shares of Alleghany Corporation by 0.7% in the second quarter. Franklin Resources Inc. now owns 667,019 shares of the company’s stock valued at $366,578,000 after buying an additional 4,711 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Alleghany Corporation by 1.5% in the third quarter. BlackRock Fund Advisors now owns 653,304 shares of the company’s stock valued at $342,998,000 after buying an additional 9,766 shares during the last quarter. Boston Partners raised its position in shares of Alleghany Corporation by 5.9% in the third quarter. Boston Partners now owns 632,920 shares of the company’s stock valued at $332,296,000 after buying an additional 35,292 shares during the last quarter. Kiltearn Partners LLP raised its position in shares of Alleghany Corporation by 7.3% in the fourth quarter. Kiltearn Partners LLP now owns 248,880 shares of the company’s stock valued at $151,349,000 after buying an additional 17,000 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Alleghany Corporation by 9.3% in the third quarter. Victory Capital Management Inc. now owns 221,961 shares of the company’s stock valued at $116,535,000 after buying an additional 18,920 shares during the last quarter. Hedge funds and other institutional investors own 80.82% of the company’s stock.
Alleghany Corporation (NYSE:Y) traded up 0.19% during trading on Friday, reaching $619.12. 42,968 shares of the company were exchanged. Alleghany Corporation has a one year low of $453.77 and a one year high of $622.75. The stock has a market capitalization of $9.55 billion, a price-to-earnings ratio of 17.72 and a beta of 0.91. The firm’s 50 day moving average price is $610.67 and its 200-day moving average price is $559.32.
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Separately, Zacks Investment Research lowered shares of Alleghany Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, November 10th.
Alleghany Corporation Company Profile
Alleghany Corporation is an insurance holding company. The Company owns and manages operating subsidiaries and investments, which are involved in the property and casualty reinsurance and insurance. The Company operates through two segments: reinsurance and insurance. The Company’s reinsurance segment consists of property and casualty reinsurance operations conducted by the Company’s subsidiary, Transatlantic Holdings, Inc (TransRe), and its reinsurance operating subsidiaries.
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