Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Alleghany Co. (NYSE:Y) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,044 shares of the insurance provider’s stock after purchasing an additional 124 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.05% of Alleghany worth $4,795,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in Y. California State Teachers Retirement System lifted its stake in shares of Alleghany by 2.0% in the 4th quarter. California State Teachers Retirement System now owns 26,436 shares of the insurance provider’s stock valued at $15,758,000 after acquiring an additional 510 shares during the last quarter. Guggenheim Capital LLC increased its holdings in Alleghany by 30.0% in the fourth quarter. Guggenheim Capital LLC now owns 21,854 shares of the insurance provider’s stock valued at $13,028,000 after purchasing an additional 5,046 shares during the period. Deutsche Bank AG increased its holdings in Alleghany by 60.5% in the fourth quarter. Deutsche Bank AG now owns 35,322 shares of the insurance provider’s stock valued at $21,051,000 after purchasing an additional 13,317 shares during the period. Franklin Resources Inc. increased its holdings in Alleghany by 2.3% in the fourth quarter. Franklin Resources Inc. now owns 661,912 shares of the insurance provider’s stock valued at $394,559,000 after purchasing an additional 14,701 shares during the period. Finally, Brandywine Global Investment Management LLC increased its holdings in Alleghany by 2.8% in the fourth quarter. Brandywine Global Investment Management LLC now owns 14,838 shares of the insurance provider’s stock valued at $8,845,000 after purchasing an additional 401 shares during the period. 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 firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $610.38, for a total value of $323,501.40. Following the transaction, the director now owns 2,735 shares of the company’s stock, valued at approximately $1,669,389.30. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 4.00% of the company’s stock.
A number of analysts recently weighed in on Y shares. Zacks Investment Research upgraded Alleghany from a “hold” rating to a “strong-buy” rating and set a $683.00 price objective for the company in a report on Sunday, January 21st. JMP Securities restated an “outperform” rating and issued a $650.00 price objective (up from $625.00) on shares of Alleghany in a report on Thursday, February 22nd. Finally, TheStreet upgraded Alleghany from a “c+” rating to a “b” rating in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Alleghany currently has an average rating of “Buy” and an average price target of $666.50.
Alleghany stock traded down $16.08 during trading hours on Friday, reaching $592.02. 79,549 shares of the company’s stock were exchanged, compared to its average volume of 65,951. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17. Alleghany Co. has a twelve month low of $521.07 and a twelve month high of $639.42. The company has a market cap of $9,111.78, a P/E ratio of 290.21 and a beta of 0.88.
Alleghany (NYSE:Y) last issued its earnings results on Wednesday, February 21st. The insurance provider reported $9.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $6.39 by $3.50. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.37 billion. Alleghany had a return on equity of 0.38% and a net margin of 1.40%. During the same period last year, the business posted $7.02 EPS. equities research analysts forecast that Alleghany Co. will post 32.3 EPS for the current fiscal year.
The company also recently announced a special dividend, which was paid on Thursday, March 15th. Stockholders of record on Monday, March 5th were paid a $10.00 dividend. The ex-dividend date of this dividend was Friday, March 2nd.
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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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