Manning & Napier Advisors LLC Takes Position in Allstate Corporation (The) (ALL)

Manning & Napier Advisors LLC bought a new position in Allstate Corporation (The) (NYSE:ALL) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,025 shares of the insurance provider’s stock, valued at approximately $645,000.

A number of other hedge funds have also recently modified their holdings of ALL. Catawba Capital Management VA grew its position in Allstate by 7.1% during the 2nd quarter. Catawba Capital Management VA now owns 42,594 shares of the insurance provider’s stock worth $3,767,000 after purchasing an additional 2,807 shares during the period. Trust Co grew its position in shares of Allstate by 0.4% during the 1st quarter. Trust Co now owns 22,259 shares of the insurance provider’s stock valued at $1,814,000 after acquiring an additional 80 shares during the period. Private Trust Co. NA acquired a new stake in shares of Allstate during the 2nd quarter valued at about $204,000. Fulton Bank N.A. grew its position in shares of Allstate by 1.3% during the 2nd quarter. Fulton Bank N.A. now owns 10,847 shares of the insurance provider’s stock valued at $959,000 after acquiring an additional 139 shares during the period. Finally, Central Bank & Trust Co. grew its position in shares of Allstate by 17.2% during the 2nd quarter. Central Bank & Trust Co. now owns 4,460 shares of the insurance provider’s stock valued at $394,000 after acquiring an additional 654 shares during the period. Institutional investors own 76.33% of the company’s stock.

In other Allstate news, EVP Susan L. Lees sold 4,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $100.49, for a total value of $401,960.00. Following the completion of the transaction, the executive vice president now owns 24,341 shares in the company, valued at $2,446,027.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Thomas J. Wilson sold 195,000 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $99.13, for a total transaction of $19,330,350.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 432,242 shares of company stock valued at $42,827,931. Insiders own 1.58% of the company’s stock.

Several equities research analysts recently issued reports on the company. Goldman Sachs Group assumed coverage on Allstate in a report on Monday. They issued a “neutral” rating and a $104.00 price objective on the stock. Wells Fargo & Company set a $110.00 price objective on Allstate and gave the stock a “buy” rating in a report on Thursday, November 16th. UBS lifted their price objective on Allstate from $93.00 to $102.00 and gave the stock a “neutral” rating in a report on Monday, November 6th. B. Riley reissued a “neutral” rating on shares of Allstate in a research note on Monday, November 6th. Finally, Zacks Investment Research raised shares of Allstate from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. Allstate currently has an average rating of “Hold” and an average price target of $95.08.

Allstate Corporation (ALL) traded down $0.54 during trading on Thursday, reaching $102.11. 1,366,004 shares of the company traded hands, compared to its average volume of 1,871,414. Allstate Corporation has a 12-month low of $71.17 and a 12-month high of $104.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a market cap of $36,901.66, a P/E ratio of 15.15, a PEG ratio of 1.98 and a beta of 1.12.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.01). The company had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.07 billion. Allstate had a net margin of 7.32% and a return on equity of 13.11%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $1.26 EPS. research analysts predict that Allstate Corporation will post 6.23 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 30th will be paid a $0.37 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.48 annualized dividend and a dividend yield of 1.45%. Allstate’s dividend payout ratio (DPR) is 20.56%.

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Allstate Company Profile

The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. It is engaged in the property-liability insurance business and the life insurance, retirement and investment products business.

Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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