Alleghany Co. (NYSE:Y) Shares Bought by Rhumbline Advisers

Rhumbline Advisers raised its holdings in Alleghany Co. (NYSE:YGet Rating) by 6.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,604 shares of the insurance provider’s stock after purchasing an additional 2,310 shares during the period. Rhumbline Advisers owned about 0.29% of Alleghany worth $32,161,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Alleghany by 19.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 118 shares of the insurance provider’s stock valued at $98,000 after acquiring an additional 19 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Alleghany by 1.9% in the 1st quarter. Crossmark Global Holdings Inc. now owns 1,077 shares of the insurance provider’s stock valued at $912,000 after acquiring an additional 20 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Alleghany by 169.2% in the 2nd quarter. Meeder Asset Management Inc. now owns 35 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 22 shares during the last quarter. Quent Capital LLC increased its holdings in shares of Alleghany by 30.7% in the 2nd quarter. Quent Capital LLC now owns 98 shares of the insurance provider’s stock valued at $82,000 after acquiring an additional 23 shares during the last quarter. Finally, Tevis Investment Management increased its holdings in shares of Alleghany by 1.6% in the 2nd quarter. Tevis Investment Management now owns 1,514 shares of the insurance provider’s stock valued at $1,248,000 after acquiring an additional 24 shares during the last quarter. 83.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Alleghany in a report on Tuesday. They issued a “hold” rating for the company.

Alleghany Price Performance

Shares of Y opened at $847.79 on Thursday. The company has a market cap of $11.41 billion, a P/E ratio of 32.99 and a beta of 0.53. The stock has a fifty day moving average price of $845.36 and a 200 day moving average price of $839.18. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.35 and a quick ratio of 0.35. Alleghany Co. has a 12 month low of $585.10 and a 12 month high of $862.87.

Alleghany Profile

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding Y? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alleghany Co. (NYSE:YGet Rating).

Institutional Ownership by Quarter for Alleghany (NYSE:Y)

Receive News & Ratings for Alleghany Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alleghany and related companies with MarketBeat.com's FREE daily email newsletter.