Allianz Asset Management GmbH decreased its stake in Allegion PLC (NYSE:ALLE) by 12.8% in the third quarter, selling 14,645 shares and retaining 99,601 shares valued at $17.66 million. Despite this, other institutional investors have recently acquired positions in Allegion, with hedge funds and institutional investors collectively owning 92.21% of the company’s stock. Allegion’s stock recently traded up 2.3% and the company also increased its quarterly dividend.
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Allegion PLC $ALLE Stake Lessened by Allianz Asset Management GmbH
Allianz Asset Management GmbH decreased its stake in Allegion PLC (NYSE:ALLE) by 12.8% in the third quarter, selling 14,645 shares and retaining 99,601 shares valued at $17.66 million. Despite this, other institutional investors have recently acquired positions in Allegion, with hedge funds and institutional investors collectively owning 92.21% of the company’s stock. Allegion’s stock recently traded up 2.3% and the company also increased its quarterly dividend.