Great West Life Assurance Co. Can Has $18.219 Million Stake in Alleghany Co. (Y)

Great West Life Assurance Co. Can Has $18.219 Million Stake in Alleghany Co. (Y)

Great West Life Assurance Co. Can boosted its stake in Alleghany Co. (NYSE:Y) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,663 shares of the insurance provider’s stock after buying an additional 281 shares during the period. Great West Life Assurance Co. Can owned approximately 0.19% of Alleghany worth $18,219,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board raised its stake in Alleghany by 40.0% in the first quarter. Canada Pension Plan Investment Board now owns 700 shares of the insurance provider’s stock valued at $430,000 after buying an additional 200 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Alleghany by 1.9% in the first quarter. Oregon Public Employees Retirement Fund now owns 5,419 shares of the insurance provider’s stock valued at $3,331,000 after buying an additional 100 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in Alleghany by 8.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,207 shares of the insurance provider’s stock valued at $741,000 after buying an additional 98 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Alleghany by 36.6% in the first quarter. Russell Investments Group Ltd. now owns 11,941 shares of the insurance provider’s stock valued at $7,340,000 after buying an additional 3,198 shares during the last quarter. Finally, Strs Ohio raised its stake in Alleghany by 3.1% in the first quarter. Strs Ohio now owns 2,578 shares of the insurance provider’s stock valued at $1,584,000 after buying an additional 77 shares during the last quarter. 81.42% of the stock is currently owned by institutional investors and hedge funds.

Alleghany Co. (NYSE:Y) traded down 3.63% during midday trading on Friday, hitting $591.29. 51,043 shares of the stock traded hands. Alleghany Co. has a 12-month low of $510.17 and a 12-month high of $667.19. The firm’s 50 day moving average is $613.40 and its 200-day moving average is $599.11. The stock has a market capitalization of $9.11 billion, a PE ratio of 19.98 and a beta of 0.91.

Alleghany (NYSE:Y) last released its earnings results on Wednesday, February 22nd. The insurance provider reported $7.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.75 by $1.27. Alleghany had a return on equity of 6.39% and a net margin of 9.02%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the business posted $8.84 earnings per share. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, analysts anticipate that Alleghany Co. will post $31.17 EPS for the current fiscal year.

Separately, Zacks Investment Research lowered shares of Alleghany from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 7th.

In other Alleghany news, Director William K. Lavin sold 541 shares of Alleghany stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $647.59, for a total value of $350,346.19. Following the transaction, the director now owns 2,839 shares in the company, valued at $1,838,508.01. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jefferson Kirby sold 4,070 shares of Alleghany stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $642.30, for a total value of $2,614,161.00. Following the completion of the transaction, the director now owns 60,857 shares in the company, valued at approximately $39,088,451.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,121 shares of company stock worth $3,294,528. Company insiders own 4.10% of the company’s stock.

Alleghany Company Profile

Alleghany Corporation is an insurance holding company. The Company, through its subsidiary Alleghany Insurance Holdings LLC (AIHL) and its subsidiaries, is engaged in the property and casualty insurance business. AIHL’s insurance operations are conducted by its subsidiaries RSUI Group, Inc (RSUI), CapSpecialty, Inc (CapSpecialty) and Pacific Compensation Corporation (PacificComp).

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