Anchor Capital Advisors LLC Invests $24.63 Million in Alleghany Co. (Y)

Anchor Capital Advisors LLC bought a new stake in Alleghany Co. (NYSE:Y) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 41,318 shares of the insurance provider’s stock, valued at approximately $24,629,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in Y. Boston Partners raised its stake in shares of Alleghany by 17.1% in the fourth quarter. Boston Partners now owns 764,977 shares of the insurance provider’s stock valued at $455,995,000 after acquiring an additional 111,698 shares during the period. Victory Capital Management Inc. raised its stake in shares of Alleghany by 16.9% in the third quarter. Victory Capital Management Inc. now owns 428,041 shares of the insurance provider’s stock valued at $237,139,000 after acquiring an additional 61,867 shares during the period. Janus Henderson Group PLC raised its stake in shares of Alleghany by 2,214.9% in the second quarter. Janus Henderson Group PLC now owns 49,956 shares of the insurance provider’s stock valued at $29,713,000 after acquiring an additional 47,798 shares during the period. PGGM Investments raised its stake in shares of Alleghany by 215.4% in the third quarter. PGGM Investments now owns 39,710 shares of the insurance provider’s stock valued at $22,000,000 after acquiring an additional 27,121 shares during the period. Finally, Findlay Park Partners LLP raised its stake in shares of Alleghany by 10.5% in the third quarter. Findlay Park Partners LLP now owns 223,371 shares of the insurance provider’s stock valued at $123,750,000 after acquiring an additional 21,229 shares during the period. 80.99% of the stock is currently owned by institutional investors and hedge funds.

Alleghany Co. (NYSE:Y) opened at $562.45 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.18. The company has a market cap of $9,165.80, a PE ratio of -4,326.54 and a beta of 0.94. Alleghany Co. has a 1-year low of $521.07 and a 1-year high of $667.19.

Separately, Zacks Investment Research raised shares of Alleghany from a “hold” rating to a “strong-buy” rating and set a $639.00 target price on the stock in a research note on Tuesday, November 28th.

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About Alleghany

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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Institutional Ownership by Quarter for Alleghany (NYSE:Y)

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