Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lessened its holdings in shares of Allstate (NYSE:ALL) by 60.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 123,600 shares of the insurance provider’s stock after selling 188,100 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Allstate were worth $12,942,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Meitav Dash Investments Ltd. bought a new position in Allstate in the fourth quarter worth $1,168,000. Sterling Capital Management LLC grew its stake in shares of Allstate by 52.0% in the fourth quarter. Sterling Capital Management LLC now owns 5,569 shares of the insurance provider’s stock worth $583,000 after acquiring an additional 1,904 shares during the last quarter. Canyon Capital Advisors LLC purchased a new stake in shares of Allstate in the fourth quarter worth $15,107,000. BB&T Investment Services Inc. grew its stake in shares of Allstate by 61.3% in the fourth quarter. BB&T Investment Services Inc. now owns 2,962 shares of the insurance provider’s stock worth $299,000 after acquiring an additional 1,126 shares during the last quarter. Finally, DF Dent & Co. Inc. purchased a new stake in shares of Allstate in the fourth quarter worth $1,411,000. Institutional investors own 75.86% of the company’s stock.
Allstate (NYSE ALL) opened at $94.65 on Friday. The stock has a market capitalization of $34,325.72, a PE ratio of 14.43, a price-to-earnings-growth ratio of 1.40 and a beta of 1.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.25 and a quick ratio of 0.25. Allstate has a 12-month low of $79.09 and a 12-month high of $105.36.
Allstate (NYSE:ALL) last announced its earnings results on Wednesday, February 7th. The insurance provider reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.56. The business had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.09 billion. Allstate had a return on equity of 12.57% and a net margin of 8.28%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the firm posted $2.17 earnings per share. equities analysts anticipate that Allstate will post 8.32 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 5th will be paid a $0.46 dividend. The ex-dividend date is Friday, March 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.94%. This is an increase from Allstate’s previous quarterly dividend of $0.37. Allstate’s dividend payout ratio (DPR) is 21.98%.
ALL has been the topic of a number of recent research reports. Keefe, Bruyette & Woods cut Allstate from a “market perform” rating to an “underperform” rating in a research note on Tuesday, January 2nd. Goldman Sachs initiated coverage on Allstate in a research note on Monday, December 4th. They issued a “neutral” rating and a $104.00 target price on the stock. Deutsche Bank cut their target price on Allstate from $102.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, February 9th. Zacks Investment Research cut Allstate from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Finally, ValuEngine raised Allstate from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. Allstate presently has a consensus rating of “Hold” and an average price target of $99.00.
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The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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