Advisor Partners LLC lowered its holdings in shares of Allstate Corp (NYSE:ALL) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,437 shares of the insurance provider’s stock after selling 436 shares during the period. Advisor Partners LLC’s holdings in Allstate were worth $1,878,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. MainStreet Investment Advisors LLC boosted its stake in shares of Allstate by 4.0% in the 3rd quarter. MainStreet Investment Advisors LLC now owns 2,627 shares of the insurance provider’s stock valued at $285,000 after purchasing an additional 101 shares in the last quarter. Investment Partners LTD. boosted its stake in shares of Allstate by 1.7% in the 3rd quarter. Investment Partners LTD. now owns 6,146 shares of the insurance provider’s stock valued at $668,000 after purchasing an additional 103 shares in the last quarter. Welch & Forbes LLC boosted its stake in shares of Allstate by 1.5% in the 4th quarter. Welch & Forbes LLC now owns 8,998 shares of the insurance provider’s stock valued at $1,011,000 after purchasing an additional 137 shares in the last quarter. OLD National Bancorp IN boosted its stake in shares of Allstate by 1.2% in the 3rd quarter. OLD National Bancorp IN now owns 11,260 shares of the insurance provider’s stock valued at $1,224,000 after purchasing an additional 138 shares in the last quarter. Finally, Copperwynd Financial LLC boosted its stake in shares of Allstate by 2.6% in the 4th quarter. Copperwynd Financial LLC now owns 5,780 shares of the insurance provider’s stock valued at $650,000 after purchasing an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 76.80% of the company’s stock.
Several equities research analysts have recently commented on the stock. Evercore ISI restated a “hold” rating and issued a $117.00 target price on shares of Allstate in a research note on Sunday, December 22nd. Zacks Investment Research upgraded shares of Allstate from a “sell” rating to a “hold” rating and set a $124.00 target price on the stock in a research note on Monday, January 20th. Citigroup assumed coverage on shares of Allstate in a research note on Tuesday. They issued a “buy” rating and a $135.00 target price on the stock. UBS Group boosted their target price on shares of Allstate from $110.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, ValuEngine downgraded shares of Allstate from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Allstate presently has an average rating of “Hold” and an average target price of $115.42.
In other Allstate news, insider Croker Trevor purchased 44,975 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was acquired at an average cost of $34.22 per share, with a total value of $1,539,044.50. Insiders own 1.60% of the company’s stock.
Allstate stock opened at $118.28 on Friday. The stock has a 50-day simple moving average of $112.82 and a 200 day simple moving average of $107.83. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.29. Allstate Corp has a 12-month low of $85.55 and a 12-month high of $118.75. The stock has a market capitalization of $38.28 billion, a price-to-earnings ratio of 14.90, a P/E/G ratio of 1.38 and a beta of 0.81.
Allstate (NYSE:ALL) last released its quarterly earnings results on Tuesday, October 29th. The insurance provider reported $2.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.52 by $0.32. Allstate had a return on equity of 13.83% and a net margin of 6.57%. The business had revenue of $10.87 billion during the quarter, compared to analysts’ expectations of $9.07 billion. During the same period in the previous year, the business posted $1.93 earnings per share. As a group, sell-side analysts anticipate that Allstate Corp will post 10.43 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.69%. Allstate’s dividend payout ratio is 24.78%.
The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home insurance; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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