Alleghany Corporation (NYSE:Y) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Friday.
Alleghany Corporation (Y) opened at 584.43 on Friday. The company has a 50-day moving average of $587.64 and a 200 day moving average of $609.74. Alleghany Corporation has a 12-month low of $510.25 and a 12-month high of $667.19. The company has a market capitalization of $9.01 billion, a P/E ratio of 19.96 and a beta of 0.92.
In related news, Director William K. Lavin sold 321 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $582.50, for a total transaction of $186,982.50. Following the completion of the transaction, the director now owns 2,499 shares in the company, valued at $1,455,667.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.04% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. IHT Wealth Management LLC raised its position in shares of Alleghany Corporation by 9.3% in the first quarter. IHT Wealth Management LLC now owns 165 shares of the insurance provider’s stock worth $101,000 after buying an additional 14 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Alleghany Corporation by 26.1% in the first quarter. Toronto Dominion Bank now owns 169 shares of the insurance provider’s stock worth $104,000 after buying an additional 35 shares in the last quarter. Point72 Asia Hong Kong Ltd raised its position in shares of Alleghany Corporation by 2,150.0% in the first quarter. Point72 Asia Hong Kong Ltd now owns 180 shares of the insurance provider’s stock worth $111,000 after buying an additional 172 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Alleghany Corporation by 117.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 217 shares of the insurance provider’s stock worth $133,000 after buying an additional 117 shares in the last quarter. Finally, Keybank National Association OH bought a new position in shares of Alleghany Corporation during the fourth quarter worth $201,000. Hedge funds and other institutional investors own 81.41% of the company’s stock.
Alleghany Corporation Company Profile
Alleghany Corporation is an insurance holding company. The Company, through its subsidiary Alleghany Insurance Holdings LLC (AIHL) and its subsidiaries, is engaged in the property and casualty insurance business. AIHL’s insurance operations are conducted by its subsidiaries RSUI Group, Inc (RSUI), CapSpecialty, Inc (CapSpecialty) and Pacific Compensation Corporation (PacificComp).
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