New Mexico Educational Retirement Board Has $1.87 Million Holdings in Alleghany Co. (Y)

New Mexico Educational Retirement Board lessened its holdings in Alleghany Co. (NYSE:Y) by 16.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,000 shares of the insurance provider’s stock after selling 600 shares during the period. New Mexico Educational Retirement Board’s holdings in Alleghany were worth $1,870,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of Y. BlackRock Inc. boosted its holdings in Alleghany by 0.3% in the 3rd quarter. BlackRock Inc. now owns 1,502,960 shares of the insurance provider’s stock worth $980,726,000 after buying an additional 5,008 shares during the period. Legal & General Group Plc boosted its holdings in Alleghany by 5.0% in the 3rd quarter. Legal & General Group Plc now owns 94,091 shares of the insurance provider’s stock worth $61,366,000 after buying an additional 4,481 shares during the period. Federated Investors Inc. PA boosted its holdings in Alleghany by 1,068.8% in the 3rd quarter. Federated Investors Inc. PA now owns 69,298 shares of the insurance provider’s stock worth $45,219,000 after buying an additional 63,369 shares during the period. Bank of Montreal Can boosted its holdings in Alleghany by 2.5% in the 4th quarter. Bank of Montreal Can now owns 62,334 shares of the insurance provider’s stock worth $38,855,000 after buying an additional 1,548 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Alleghany by 1.9% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 47,233 shares of the insurance provider’s stock worth $30,821,000 after buying an additional 878 shares during the period. Institutional investors own 81.40% of the company’s stock.

NYSE Y opened at $647.24 on Thursday. Alleghany Co. has a 52-week low of $558.50 and a 52-week high of $659.88. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.18. The firm has a market cap of $9.47 billion, a PE ratio of 317.27 and a beta of 0.76.

Several research analysts have commented on Y shares. Canaccord Genuity raised shares of Alleghany to a “buy” rating and set a $9.00 price target for the company in a report on Wednesday. Zacks Investment Research reissued a “sell” rating on shares of Alleghany in a report on Saturday, November 17th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. Alleghany has a consensus rating of “Buy” and a consensus target price of $464.33.

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Alleghany 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: Beta

Institutional Ownership by Quarter for Alleghany (NYSE:Y)

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