Principal Financial Group Inc. Has $30.53 Million Position in Alleghany Co. (NYSE:Y)

Principal Financial Group Inc. reduced its position in shares of Alleghany Co. (NYSE:Y) by 0.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 48,900 shares of the insurance provider’s stock after selling 453 shares during the period. Principal Financial Group Inc.’s holdings in Alleghany were worth $30,534,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new stake in Alleghany during the 2nd quarter valued at $29,000. Advisory Services Network LLC acquired a new position in shares of Alleghany in the second quarter worth $54,000. Marshall Wace North America L.P. acquired a new position in shares of Alleghany in the first quarter worth $61,000. Globeflex Capital L P acquired a new position in shares of Alleghany in the second quarter worth $93,000. Finally, XTX Topco Ltd acquired a new position in shares of Alleghany in the second quarter worth $201,000. 84.30% of the stock is currently owned by institutional investors.

NYSE Y opened at $684.46 on Friday. Alleghany Co. has a 1-year low of $563.47 and a 1-year high of $737.89. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $9.38 billion, a PE ratio of 14.24 and a beta of 0.66. The firm’s fifty day simple moving average is $673.18 and its 200-day simple moving average is $664.29.

Alleghany (NYSE:Y) last posted its quarterly earnings results on Thursday, November 4th. The insurance provider reported ($1.26) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($4.60) by $3.34. The business had revenue of $1.98 billion for the quarter. Alleghany had a net margin of 6.10% and a return on equity of 5.22%. During the same period last year, the company posted $3.23 earnings per share.

In other Alleghany news, Director Ian H. Chippendale sold 270 shares of the stock in a transaction on Wednesday, December 8th. The shares were sold at an average price of $673.40, for a total transaction of $181,818.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Joseph Patrick Brandon bought 2,500 shares of the stock in a transaction on Tuesday, November 30th. The shares were acquired at an average cost of $652.45 per share, for a total transaction of $1,631,125.00. The disclosure for this purchase can be found here. Corporate insiders own 3.30% of the company’s stock.

Separately, JMP Securities reaffirmed a “buy” rating and issued a $800.00 price target on shares of Alleghany in a research note on Thursday, November 4th.

Alleghany Company Profile

Alleghany Corp. engages in the provision of property, casualty reinsurance, insurance and financial services. It operates its through the Reinsurance and Insurance segments. The Reinsurance segment consists of property and casualty and other reinsurance operations. The Insurance segment consists of property and casualty insurance operations.

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Institutional Ownership by Quarter for Alleghany (NYSE:Y)

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