Thrivent Financial For Lutherans raised its holdings in Alleghany Co. (NYSE:Y) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,461 shares of the insurance provider’s stock after purchasing an additional 99 shares during the period. Thrivent Financial For Lutherans’ holdings in Alleghany were worth $2,063,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Public Employees Retirement Association of Colorado increased its stake in shares of Alleghany by 3.5% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 2,752 shares of the insurance provider’s stock worth $1,640,000 after purchasing an additional 94 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Alleghany by 0.5% in the third quarter. Nordea Investment Management AB now owns 21,877 shares of the insurance provider’s stock worth $12,120,000 after purchasing an additional 100 shares in the last quarter. Commonwealth Bank of Australia increased its stake in shares of Alleghany by 6.2% in the third quarter. Commonwealth Bank of Australia now owns 1,702 shares of the insurance provider’s stock worth $940,000 after purchasing an additional 100 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Alleghany by 16.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 700 shares of the insurance provider’s stock worth $389,000 after purchasing an additional 100 shares in the last quarter. Finally, Pzena Investment Management LLC increased its stake in shares of Alleghany by 32.2% in the fourth quarter. Pzena Investment Management LLC now owns 554 shares of the insurance provider’s stock worth $330,000 after purchasing an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 83.16% of the company’s stock.
In related news, Director William K. Lavin sold 530 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $610.38, for a total transaction of $323,501.40. Following the completion of the transaction, the director now owns 2,735 shares of the company’s stock, valued at $1,669,389.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 4.04% of the stock is currently owned by insiders.
Several research firms have recently weighed in on Y. TheStreet upgraded shares of Alleghany from a “c+” rating to a “b” rating in a research note on Monday, February 26th. Zacks Investment Research upgraded shares of Alleghany from a “hold” rating to a “strong-buy” rating and set a $639.00 target price for the company in a research note on Tuesday, November 28th. Finally, JMP Securities reiterated an “outperform” rating and issued a $650.00 target price (up previously from $625.00) on shares of Alleghany in a research note on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Alleghany currently has an average rating of “Buy” and a consensus target price of $666.50.
Alleghany Co. (Y) opened at $627.45 on Tuesday. The company has a market cap of $9,668.89, a P/E ratio of 117.72 and a beta of 0.93. Alleghany Co. has a 12 month low of $521.07 and a 12 month high of $640.31. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 0.29.
Alleghany (NYSE:Y) last issued its quarterly earnings data on Wednesday, February 21st. The insurance provider reported $9.89 EPS for the quarter, beating the consensus estimate of $6.39 by $3.50. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Alleghany had a net margin of 1.40% and a return on equity of 0.38%. During the same quarter in the previous year, the company earned $7.02 earnings per share. equities analysts forecast that Alleghany Co. will post 32.3 EPS for the current year.
The company also recently disclosed a special dividend, which was paid on Thursday, March 15th. Investors of record on Monday, March 5th were paid a dividend of $10.00 per share. The ex-dividend date of this dividend was Friday, March 2nd.
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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