Dupont Capital Management Corp purchased a new position in shares of Alleghany Co. (NYSE:Y) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,041 shares of the insurance provider’s stock, valued at approximately $649,000.
Other large investors have also modified their holdings of the company. Simplex Trading LLC acquired a new position in Alleghany during the third quarter valued at approximately $190,000. Jefferies Group LLC grew its holdings in Alleghany by 13.0% during the third quarter. Jefferies Group LLC now owns 957 shares of the insurance provider’s stock valued at $624,000 after purchasing an additional 110 shares during the period. Federated Investors Inc. PA grew its holdings in Alleghany by 1,068.8% during the third quarter. Federated Investors Inc. PA now owns 69,298 shares of the insurance provider’s stock valued at $45,219,000 after purchasing an additional 63,369 shares during the period. Robeco Institutional Asset Management B.V. acquired a new position in Alleghany during the third quarter valued at approximately $5,641,000. Finally, Pensionfund Sabic acquired a new position in Alleghany during the fourth quarter valued at approximately $1,558,000. Institutional investors own 81.40% of the company’s stock.
A number of research analysts have weighed in on Y shares. Zacks Investment Research raised shares of Alleghany from a “sell” rating to a “hold” rating in a research note on Saturday, January 12th. Canaccord Genuity raised shares of Alleghany to a “buy” rating and set a $9.00 price target on the stock in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Alleghany has an average rating of “Buy” and a consensus target price of $464.33.
Shares of Y opened at $647.24 on Thursday. The firm has a market cap of $9.47 billion, a P/E ratio of 317.27 and a beta of 0.76. Alleghany Co. has a 1-year low of $558.50 and a 1-year high of $659.88. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.29 and a current ratio of 0.29.
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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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