Bank of Montreal Can raised its position in shares of Alleghany Co. (NYSE:Y – Get Rating) by 10.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,495 shares of the insurance provider’s stock after acquiring an additional 905 shares during the quarter. Bank of Montreal Can owned approximately 0.07% of Alleghany worth $7,911,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Tectonic Advisors LLC increased its holdings in shares of Alleghany by 6.7% in the second quarter. Tectonic Advisors LLC now owns 824 shares of the insurance provider’s stock valued at $686,000 after purchasing an additional 52 shares during the last quarter. Forsta AP Fonden increased its holdings in shares of Alleghany by 566.7% in the second quarter. Forsta AP Fonden now owns 2,000 shares of the insurance provider’s stock valued at $1,666,000 after purchasing an additional 1,700 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Alleghany by 0.9% in the second quarter. JPMorgan Chase & Co. now owns 368,093 shares of the insurance provider’s stock valued at $306,659,000 after purchasing an additional 3,448 shares during the last quarter. Kellner Capital LLC acquired a new stake in shares of Alleghany in the second quarter valued at approximately $12,592,000. Finally, Principal Financial Group Inc. increased its holdings in shares of Alleghany by 13.7% in the second quarter. Principal Financial Group Inc. now owns 53,335 shares of the insurance provider’s stock valued at $44,433,000 after purchasing an additional 6,442 shares during the last quarter. Institutional investors and hedge funds own 83.43% of the company’s stock.
Alleghany Price Performance
Y stock opened at $847.79 on Friday. The business has a fifty day moving average of $845.46 and a two-hundred day moving average of $839.24. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.30. The stock has a market cap of $11.41 billion, a price-to-earnings ratio of 32.99 and a beta of 0.53. Alleghany Co. has a 52-week low of $585.10 and a 52-week high of $862.87.
Analyst Ratings Changes
Alleghany Corporation provides property and casualty reinsurance and insurance products in the United States and internationally. The company operates in three segments: Reinsurance, Insurance, and Alleghany Capital. The Reinsurance segment offers fire, allied lines, auto physical damage, and homeowners multiple peril reinsurance products; and casualty and other reinsurance products, such as medical malpractice, ocean marine and aviation, accident and health, mortgage, surety, and credit reinsurance products, as well as directors' and officers', errors and omissions, general, and auto liability reinsurance.
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