Brandywine Global Investment Management LLC raised its stake in shares of Alleghany Co. (NYSE:Y) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,838 shares of the insurance provider’s stock after purchasing an additional 401 shares during the quarter. Brandywine Global Investment Management LLC owned 0.10% of Alleghany worth $8,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in Y. Boston Partners lifted its position in Alleghany by 17.1% during the fourth quarter. Boston Partners now owns 764,977 shares of the insurance provider’s stock valued at $455,995,000 after purchasing an additional 111,698 shares during the last quarter. Citadel Advisors LLC lifted its position in Alleghany by 3,888.1% during the fourth quarter. Citadel Advisors LLC now owns 74,856 shares of the insurance provider’s stock valued at $44,621,000 after purchasing an additional 72,979 shares during the last quarter. Anchor Capital Advisors LLC bought a new stake in Alleghany during the fourth quarter valued at approximately $24,629,000. Victory Capital Management Inc. lifted its position in Alleghany by 9.0% during the fourth quarter. Victory Capital Management Inc. now owns 466,581 shares of the insurance provider’s stock valued at $278,124,000 after purchasing an additional 38,540 shares during the last quarter. Finally, BlackRock Inc. lifted its position in Alleghany by 2.4% during the fourth quarter. BlackRock Inc. now owns 1,457,806 shares of the insurance provider’s stock valued at $868,985,000 after purchasing an additional 34,808 shares during the last quarter. Institutional investors and hedge funds own 83.15% of the company’s stock.
Shares of Alleghany Co. (NYSE:Y) opened at $627.31 on Thursday. The firm has a market cap of $9,650.00, a P/E ratio of 107.05 and a beta of 0.93. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.17. Alleghany Co. has a 1-year low of $521.07 and a 1-year high of $645.99.
Alleghany (NYSE:Y) last announced its quarterly earnings data on Wednesday, February 21st. The insurance provider reported $9.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $6.39 by $3.50. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.37 billion. Alleghany had a net margin of 1.40% and a return on equity of 0.38%. During the same period in the previous year, the business posted $7.02 EPS. research analysts predict that Alleghany Co. will post 32.3 earnings per share for the current year.
The firm also recently disclosed a special dividend, which will be paid on Thursday, March 15th. Stockholders of record on Monday, March 5th will be issued a $10.00 dividend. The ex-dividend date is Friday, March 2nd.
In other 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 value of $323,501.40. Following the completion of the sale, the director now directly owns 2,735 shares in the company, valued at approximately $1,669,389.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.04% of the company’s stock.
A number of equities research analysts have recently weighed in on Y shares. Zacks Investment Research upgraded shares of 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 shares of Alleghany from a “c+” rating to a “b” rating in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $666.50.
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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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