Great West Life Assurance Co. Can reduced its stake in shares of Alleghany Corporation (NYSE:Y) by 7.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,799 shares of the insurance provider’s stock after selling 2,194 shares during the period. Great West Life Assurance Co. Can owned 0.17% of Alleghany worth $14,700,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Toronto Dominion Bank lifted its position in shares of Alleghany by 11.8% during the 2nd quarter. Toronto Dominion Bank now owns 189 shares of the insurance provider’s stock valued at $112,000 after buying an additional 20 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its position in shares of Alleghany by 1.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 206 shares of the insurance provider’s stock valued at $124,000 after buying an additional 3 shares in the last quarter. Fiduciary Trust Co. purchased a new position in shares of Alleghany during the 2nd quarter valued at about $164,000. Pacer Advisors Inc. lifted its position in shares of Alleghany by 9.7% during the 2nd quarter. Pacer Advisors Inc. now owns 327 shares of the insurance provider’s stock valued at $194,000 after buying an additional 29 shares in the last quarter. Finally, Investment Centers of America Inc. purchased a new position in shares of Alleghany during the 2nd quarter valued at about $210,000. 82.10% of the stock is currently owned by hedge funds and other institutional investors.
Alleghany Corporation (NYSE Y) traded down $4.57 during midday trading on Friday, reaching $581.02. The company had a trading volume of 94,341 shares, compared to its average volume of 70,736. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.27 and a current ratio of 0.27. Alleghany Corporation has a one year low of $521.07 and a one year high of $667.19.
Y has been the topic of a number of research analyst reports. JMP Securities raised Alleghany from a “market perform” rating to an “outperform” rating and set a $625.00 price target on the stock in a report on Monday, September 11th. Zacks Investment Research raised Alleghany from a “sell” rating to a “hold” rating in a report on Monday, November 13th. Finally, BidaskClub cut Alleghany from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th.
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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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