State Board of Administration of Florida Retirement System Grows Holdings in Alleghany Co. (Y)

State Board of Administration of Florida Retirement System raised its stake in Alleghany Co. (NYSE:Y) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,172 shares of the insurance provider’s stock after purchasing an additional 185 shares during the period. State Board of Administration of Florida Retirement System owned 0.11% of Alleghany worth $10,080,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Federated Investors Inc. PA grew its stake in shares of Alleghany by 1,068.8% in the third quarter. Federated Investors Inc. PA now owns 69,298 shares of the insurance provider’s stock valued at $45,219,000 after acquiring an additional 63,369 shares in the last quarter. FMR LLC grew its stake in shares of Alleghany by 391.7% in the third quarter. FMR LLC now owns 32,635 shares of the insurance provider’s stock valued at $21,295,000 after acquiring an additional 25,998 shares in the last quarter. PGGM Investments lifted its position in Alleghany by 431.9% during the fourth quarter. PGGM Investments now owns 29,549 shares of the insurance provider’s stock worth $18,418,000 after purchasing an additional 23,994 shares during the period. Assenagon Asset Management S.A. bought a new stake in Alleghany during the third quarter worth about $12,007,000. Finally, Rhumbline Advisers lifted its position in Alleghany by 41.7% during the fourth quarter. Rhumbline Advisers now owns 41,828 shares of the insurance provider’s stock worth $26,072,000 after purchasing an additional 12,300 shares during the period. Hedge funds and other institutional investors own 81.40% of the company’s stock.

Alleghany stock opened at $638.24 on Tuesday. Alleghany Co. has a 1 year low of $558.50 and a 1 year high of $659.88. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market capitalization of $9.50 billion, a PE ratio of 312.86 and a beta of 0.76.

Separately, Zacks Investment Research raised shares of Alleghany from a “sell” rating to a “hold” rating in a report on Saturday, January 12th.

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Alleghany Company Profile

Alleghany Corporation provides property and casualty reinsurance and insurance products in the United States and internationally. The company operates in two segments, Reinsurance and Insurance. The Reinsurance segment offers property reinsurance products, including fire, allied lines, auto physical damage, and homeowners multiple peril reinsurance products; and casualty and other reinsurance products, such as liability, medical malpractice, ocean marine and aviation, auto liability, accident and health, surety, and credit reinsurance products.

Further Reading: How to Calculate Compound Annual Growth Rate (CAGR)

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Institutional Ownership by Quarter for Alleghany (NYSE:Y)

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