Shufro Rose & Co. LLC boosted its holdings in shares of Alleghany Co. (NYSE:Y) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,155 shares of the insurance provider’s stock after purchasing an additional 530 shares during the period. Shufro Rose & Co. LLC owned about 0.08% of Alleghany worth $6,953,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in Alleghany by 41.7% during the 4th quarter. Rhumbline Advisers now owns 41,828 shares of the insurance provider’s stock valued at $26,072,000 after purchasing an additional 12,300 shares in the last quarter. Xact Kapitalforvaltning AB increased its position in shares of Alleghany by 27.0% during the fourth quarter. Xact Kapitalforvaltning AB now owns 1,881 shares of the insurance provider’s stock worth $1,172,000 after acquiring an additional 400 shares in the last quarter. KBC Group NV increased its position in shares of Alleghany by 344.2% during the fourth quarter. KBC Group NV now owns 6,014 shares of the insurance provider’s stock worth $3,749,000 after acquiring an additional 4,660 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Alleghany by 5.2% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 6,067 shares of the insurance provider’s stock worth $3,782,000 after acquiring an additional 300 shares in the last quarter. Finally, Advisor Partners LLC bought a new stake in shares of Alleghany during the fourth quarter worth about $220,000. Hedge funds and other institutional investors own 81.40% of the company’s stock.
Shares of NYSE Y traded down $2.68 during trading on Monday, hitting $637.74. The stock had a trading volume of 5 shares, compared to its average volume of 53,604. Alleghany Co. has a 12 month low of $558.50 and a 12 month high of $659.88. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market cap of $9.50 billion, a price-to-earnings ratio of 313.93 and a beta of 0.76.
Separately, Zacks Investment Research upgraded Alleghany from a “sell” rating to a “hold” rating in a report on Saturday, January 12th.
In other news, Director William K. Lavin sold 528 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $622.84, for a total value of $328,859.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.00% of the company’s stock.
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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