Wealth Enhancement Advisory Services LLC raised its holdings in Alleghany Co. (NYSE:Y) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,686 shares of the insurance provider’s stock after acquiring an additional 282 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Alleghany were worth $5,639,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Norges Bank bought a new position in shares of Alleghany in the fourth quarter worth about $87,207,000. Victory Capital Management Inc. increased its position in Alleghany by 11.5% during the 1st quarter. Victory Capital Management Inc. now owns 690,219 shares of the insurance provider’s stock worth $432,277,000 after purchasing an additional 71,170 shares in the last quarter. BlackRock Inc. lifted its stake in Alleghany by 3.4% in the 1st quarter. BlackRock Inc. now owns 1,348,237 shares of the insurance provider’s stock valued at $844,386,000 after purchasing an additional 44,684 shares during the last quarter. Boston Partners boosted its position in Alleghany by 9.1% in the first quarter. Boston Partners now owns 523,951 shares of the insurance provider’s stock valued at $328,241,000 after buying an additional 43,647 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Alleghany during the first quarter worth $17,425,000. 83.49% of the stock is owned by hedge funds and other institutional investors.
In other Alleghany news, SVP Christopher Kent Dalrymple sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 25th. The stock was sold at an average price of $713.71, for a total value of $1,427,420.00. Following the completion of the sale, the senior vice president now owns 5,900 shares of the company’s stock, valued at $4,210,889. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.30% of the company’s stock.
Alleghany stock traded up $3.43 during trading hours on Friday, reaching $705.77. 112 shares of the company’s stock were exchanged, compared to its average volume of 65,432. The stock’s 50 day moving average price is $691.73. Alleghany Co. has a twelve month low of $460.58 and a twelve month high of $737.89. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market cap of $9.83 billion, a price-to-earnings ratio of 14.43 and a beta of 0.66.
Alleghany (NYSE:Y) last posted its quarterly earnings results on Wednesday, May 5th. The insurance provider reported $9.81 EPS for the quarter, topping analysts’ consensus estimates of $4.26 by $5.55. Alleghany had a net margin of 6.88% and a return on equity of 3.39%. The business had revenue of $2.53 billion during the quarter. During the same quarter in the previous year, the business posted $4.99 earnings per share. On average, research analysts expect that Alleghany Co. will post 51 EPS for the current fiscal year.
Alleghany Company Profile
Alleghany Corporation provides property and casualty reinsurance and insurance products in the United States and internationally. The company operates in three segments: Reinsurance, Insurance, and Alleghany Capital. The Reinsurance segment offers fire, allied lines, auto physical damage, and homeowners multiple peril reinsurance products; and casualty and other reinsurance products, such as medical malpractice, ocean marine and aviation, accident and health, mortgage, surety, and credit reinsurance products, as well as directors' and officers', errors and omissions, general, and auto liability reinsurance.
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