Victory Capital Management Inc. Has $310.53 Million Stake in Alleghany Co. (Y)

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Victory Capital Management Inc. cut its stake in Alleghany Co. (NYSE:Y) by 2.9% in the 4th quarter, HoldingsChannel reports. The firm owned 498,180 shares of the insurance provider’s stock after selling 14,629 shares during the quarter. Alleghany makes up about 0.8% of Victory Capital Management Inc.’s portfolio, making the stock its largest position. Victory Capital Management Inc.’s holdings in Alleghany were worth $310,525,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Simplex Trading LLC bought a new stake in Alleghany during the third quarter worth about $190,000. Quantamental Technologies LLC purchased a new position in Alleghany during the 4th quarter valued at about $183,000. Gardner Russo & Gardner LLC purchased a new position in Alleghany during the 3rd quarter valued at about $211,000. Miracle Mile Advisors LLC purchased a new position in Alleghany during the 3rd quarter valued at about $222,000. Finally, Advisor Partners LLC purchased a new position in Alleghany during the 4th quarter valued at about $220,000. Institutional investors own 81.40% of the company’s stock.

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

NYSE:Y traded up $1.84 during mid-day trading on Tuesday, reaching $640.08. 151 shares of the company’s stock traded hands, compared to its average volume of 58,268. Alleghany Co. has a 12-month low of $558.50 and a 12-month high of $659.88. The company has a market cap of $9.47 billion, a PE ratio of 312.22 and a beta of 0.76. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.29 and a quick ratio of 0.29.

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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.

Read More: Book Value Per Share – BVPS

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:Y).

Institutional Ownership by Quarter for Alleghany (NYSE:Y)

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