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%.
WARNING: “Manning & Napier Advisors LLC Takes Position in Allstate Corporation (The) (ALL)” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright legislation. The original version of this piece can be read at https://www.dispatchtribunal.com/2017/12/07/manning-napier-advisors-llc-acquires-new-position-in-allstate-corporation-the-all.html.
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.
Receive News & Ratings for Allstate Corporation (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate Corporation (The) and related companies with MarketBeat.com's FREE daily email newsletter.