Alleghany Co. (Y) Stake Boosted by American International Group Inc.
American International Group Inc. lifted its stake in Alleghany Co. (NYSE:Y) by 1.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 32,348 shares of the insurance provider’s stock after acquiring an additional 347 shares during the quarter. American International Group Inc.’s holdings in Alleghany were worth $19,283,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of Y. Toronto Dominion Bank lifted its holdings in shares of Alleghany by 11.8% in the 2nd quarter. Toronto Dominion Bank now owns 189 shares of the insurance provider’s stock worth $112,000 after acquiring an additional 20 shares during the last quarter. Zions Bancorporation lifted its holdings in shares of Alleghany by 3,940.0% in the 3rd quarter. Zions Bancorporation now owns 202 shares of the insurance provider’s stock worth $112,000 after acquiring an additional 197 shares during the last quarter. Fiduciary Trust Co. acquired a new position in shares of Alleghany in the 4th quarter worth approximately $201,000. Texas Yale Capital Corp. acquired a new position in shares of Alleghany in the 4th quarter worth approximately $209,000. Finally, Uncommon Cents Investing LLC acquired a new position in shares of Alleghany in the 4th quarter worth approximately $240,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.
Separately, Zacks Investment Research lowered shares of Alleghany from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 6th.
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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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