Mercer Global Advisors Inc. ADV boosted its stake in shares of Alleghany Co. (NYSE:Y – Get Rating) by 72.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,518 shares of the insurance provider’s stock after acquiring an additional 1,056 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Alleghany were worth $1,681,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Consolidated Planning Corp purchased a new stake in shares of Alleghany during the third quarter worth $26,000. National Bank of Canada FI purchased a new stake in shares of Alleghany during the fourth quarter worth $29,000. Fifth Third Bancorp grew its holdings in shares of Alleghany by 96.4% during the fourth quarter. Fifth Third Bancorp now owns 55 shares of the insurance provider’s stock worth $37,000 after buying an additional 27 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Alleghany during the first quarter worth $61,000. Finally, Raymond James Trust N.A. purchased a new stake in shares of Alleghany during the fourth quarter worth $202,000. Institutional investors own 84.44% of the company’s stock.
Shares of Y opened at $835.25 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $11.30 billion, a P/E ratio of 11.21 and a beta of 0.67. The firm has a 50-day moving average price of $754.60 and a 200 day moving average price of $698.69. Alleghany Co. has a 12-month low of $585.10 and a 12-month high of $862.87.
Y has been the subject of a number of research reports. StockNews.com lowered shares of Alleghany from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. Keefe, Bruyette & Woods lowered shares of Alleghany from an “outperform” rating to a “market perform” rating in a report on Wednesday. Finally, JMP Securities lowered shares of Alleghany from an “outperform” rating to a “market perform” rating in a report on Tuesday.
About Alleghany (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.
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