Citadel Advisors LLC increased its position in shares of Alleghany Corporation (NYSE:Y) by 163.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,397 shares of the insurance provider’s stock after buying an additional 23,204 shares during the period. Citadel Advisors LLC owned 0.24% of Alleghany Corporation worth $22,986,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in Y. Morgan Stanley raised its stake in shares of Alleghany Corporation by 91.8% in the first quarter. Morgan Stanley now owns 80,197 shares of the insurance provider’s stock worth $49,293,000 after buying an additional 38,378 shares during the last quarter. Liberty Mutual Group Asset Management Inc. raised its stake in shares of Alleghany Corporation by 4.1% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 6,966 shares of the insurance provider’s stock worth $4,281,000 after buying an additional 277 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Alleghany Corporation by 4.7% in the first quarter. Geode Capital Management LLC now owns 121,338 shares of the insurance provider’s stock worth $74,555,000 after buying an additional 5,445 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Alleghany Corporation by 4.5% in the first quarter. Vanguard Group Inc. now owns 1,232,888 shares of the insurance provider’s stock worth $757,807,000 after buying an additional 53,639 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its position in Alleghany Corporation by 2.5% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,660 shares of the insurance provider’s stock valued at $1,020,000 after buying an additional 40 shares during the last quarter. 81.41% of the stock is owned by institutional investors and hedge funds.
Alleghany Corporation (NYSE:Y) traded down 0.73% during trading on Tuesday, hitting $593.87. The stock had a trading volume of 35,006 shares. The stock has a 50 day moving average of $588.17 and a 200 day moving average of $609.61. The firm has a market capitalization of $9.16 billion, a P/E ratio of 20.29 and a beta of 0.92. Alleghany Corporation has a one year low of $510.25 and a one year high of $667.19.
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Separately, BidaskClub upgraded Alleghany Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th.
In other Alleghany Corporation news, Director William K. Lavin sold 321 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $582.50, for a total transaction of $186,982.50. Following the transaction, the director now owns 2,499 shares in the company, valued at approximately $1,455,667.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.04% of the stock is currently owned by corporate insiders.
Alleghany Corporation Company Profile
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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