Zurcher Kantonalbank Zurich Cantonalbank decreased its position in Allstate Corporation (The) (NYSE:ALL) by 25.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 224,463 shares of the insurance provider’s stock after selling 75,886 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of Allstate worth $20,631,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the business. Catawba Capital Management VA raised its stake in shares of Allstate by 7.1% during the second quarter. Catawba Capital Management VA now owns 42,594 shares of the insurance provider’s stock valued at $3,767,000 after purchasing an additional 2,807 shares in the last quarter. Trust Co raised its stake in shares of Allstate by 0.4% during the first quarter. Trust Co now owns 22,259 shares of the insurance provider’s stock valued at $1,814,000 after purchasing an additional 80 shares in the last quarter. Private Trust Co. NA bought a new stake in Allstate in the second quarter worth about $204,000. Fulton Bank N.A. raised its position in Allstate by 1.3% in the second quarter. Fulton Bank N.A. now owns 10,847 shares of the insurance provider’s stock worth $959,000 after acquiring an additional 139 shares in the last quarter. Finally, Central Bank & Trust Co. raised its position in Allstate by 17.2% in the second quarter. Central Bank & Trust Co. now owns 4,460 shares of the insurance provider’s stock worth $394,000 after acquiring an additional 654 shares in the last quarter. 76.33% of the stock is owned by institutional investors.
Several equities research analysts have commented on ALL shares. Barclays boosted their price target on shares of Allstate from $101.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, August 11th. Zacks Investment Research raised Allstate from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. UBS lifted their target price on Allstate from $93.00 to $102.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. Citigroup lowered their target price on Allstate from $107.00 to $106.00 and set a “buy” rating on the stock in a research note on Monday, October 2nd. Finally, Credit Suisse Group lifted their target price on Allstate from $91.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. Allstate has a consensus rating of “Hold” and a consensus target price of $95.08.
Shares of Allstate Corporation (ALL) traded down $0.54 on Thursday, hitting $102.11. The stock had a trading volume of 1,366,004 shares, compared to its average volume of 1,871,414. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.31. Allstate Corporation has a twelve month low of $71.17 and a twelve month high of $104.10. The firm has a market capitalization of $36,901.66, a price-to-earnings ratio of 15.15, a PEG ratio of 1.98 and a beta of 1.12.
Allstate (NYSE:ALL) last released its earnings results on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.01). Allstate had a net margin of 7.32% and a return on equity of 13.11%. The company had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same period in the previous year, the company posted $1.26 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. equities analysts predict that Allstate Corporation will post 6.23 EPS for the current fiscal 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 issued a $0.37 dividend. The ex-dividend date of this dividend 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 currently 20.56%.
In other news, EVP Susan L. Lees sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $100.49, for a total value of $401,960.00. Following the completion of the sale, the executive vice president now directly owns 24,341 shares of the company’s stock, valued at $2,446,027.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Suren Gupta sold 103,242 shares of Allstate stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $98.68, for a total value of $10,187,920.56. The disclosure for this sale can be found here. Insiders sold 432,242 shares of company stock valued at $42,827,931 over the last 90 days. Corporate insiders own 1.58% of the company’s stock.
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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.
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