Clinton Group Inc. acquired a new stake in shares of Allstate Corp (NYSE:ALL) during the third quarter, according to its most recent filing with the SEC. The fund acquired 3,953 shares of the insurance provider’s stock, valued at approximately $390,000.
Several other large investors also recently added to or reduced their stakes in ALL. Private Capital Group LLC raised its stake in shares of Allstate by 195.5% during the 1st quarter. Private Capital Group LLC now owns 1,182 shares of the insurance provider’s stock valued at $112,000 after purchasing an additional 782 shares during the period. Kiley Juergens Wealth Management LLC bought a new stake in shares of Allstate during the 2nd quarter valued at $124,000. Summit Trail Advisors LLC raised its stake in shares of Allstate by 11,436.6% during the 1st quarter. Summit Trail Advisors LLC now owns 147,438 shares of the insurance provider’s stock valued at $147,000 after purchasing an additional 146,160 shares during the period. Denali Advisors LLC bought a new stake in shares of Allstate during the 3rd quarter valued at $158,000. Finally, Mark Sheptoff Financial Planning LLC raised its stake in shares of Allstate by 150.0% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,750 shares of the insurance provider’s stock valued at $160,000 after purchasing an additional 1,050 shares during the period. Institutional investors own 76.22% of the company’s stock.
Shares of NYSE ALL opened at $93.16 on Friday. The stock has a market capitalization of $34.17 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 1.27 and a beta of 0.92. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.26 and a current ratio of 0.26. Allstate Corp has a twelve month low of $88.29 and a twelve month high of $105.36.
Allstate (NYSE:ALL) last announced its earnings results on Wednesday, August 1st. The insurance provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.45. The business had revenue of $8.46 billion for the quarter, compared to analyst estimates of $8.53 billion. Allstate had a return on equity of 15.21% and a net margin of 9.06%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.38 EPS. Research analysts forecast that Allstate Corp will post 9.31 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Friday, August 31st were paid a $0.46 dividend. The ex-dividend date was Thursday, August 30th. This represents a $1.84 dividend on an annualized basis and a yield of 1.98%. Allstate’s dividend payout ratio is currently 27.42%.
ALL has been the topic of a number of analyst reports. Zacks Investment Research upgraded Allstate from a “hold” rating to a “buy” rating and set a $112.00 price objective on the stock in a research note on Tuesday, September 18th. ValuEngine upgraded Allstate from a “sell” rating to a “hold” rating in a research note on Saturday, September 1st. Citigroup set a $115.00 price objective on Allstate and gave the company a “buy” rating in a research note on Friday. Buckingham Research upgraded Allstate from an “underperform” rating to a “neutral” rating and set a $88.00 price objective on the stock in a research note on Wednesday, July 18th. Finally, B. Riley upped their target price on Allstate from $84.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, July 16th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Allstate has an average rating of “Hold” and a consensus target price of $104.62.
In other news, EVP Harriet K. Harty sold 10,515 shares of the stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $98.87, for a total transaction of $1,039,618.05. Following the transaction, the executive vice president now directly owns 14,606 shares in the company, valued at approximately $1,444,095.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Glenn T. Shapiro sold 21,728 shares of the stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $98.70, for a total value of $2,144,553.60. The disclosure for this sale can be found here. Insiders sold a total of 54,432 shares of company stock worth $5,386,208 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.
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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