Acadian Asset Management LLC lifted its stake in shares of Allstate Corp (NYSE:ALL) by 955.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,126 shares of the insurance provider’s stock after acquiring an additional 20,935 shares during the quarter. Acadian Asset Management LLC’s holdings in Allstate were worth $2,423,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALL. Arrow Financial Corp raised its holdings in shares of Allstate by 100.0% in the 3rd quarter. Arrow Financial Corp now owns 1,106 shares of the insurance provider’s stock worth $102,000 after buying an additional 553 shares in the last quarter. IHT Wealth Management LLC raised its holdings in shares of Allstate by 46.6% in the 2nd quarter. IHT Wealth Management LLC now owns 1,275 shares of the insurance provider’s stock worth $113,000 after buying an additional 405 shares in the last quarter. Financial Engines Advisors L.L.C. acquired a new position in shares of Allstate in the 3rd quarter worth approximately $116,000. Baker Ellis Asset Management LLC acquired a new position in shares of Allstate in the 3rd quarter worth approximately $120,000. Finally, Synovus Financial Corp acquired a new position in shares of Allstate in the 3rd quarter worth approximately $137,000. Institutional investors own 76.49% 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 that occurred on Monday, November 20th. The stock was sold at an average price of $100.49, for a total transaction of $401,960.00. Following the transaction, the executive vice president now owns 24,341 shares of the company’s stock, valued at $2,446,027.09. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.50% of the stock is owned by insiders.
A number of equities analysts have recently issued reports on ALL shares. Zacks Investment Research raised Allstate from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a report on Wednesday, January 3rd. Wells Fargo & Co set a $110.00 price target on Allstate and gave the company a “buy” rating in a report on Thursday, November 16th. ValuEngine raised Allstate from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Bank of America decreased their price objective on Allstate from $116.00 to $111.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Finally, Deutsche Bank decreased their price objective on Allstate from $102.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. Allstate presently has a consensus rating of “Hold” and a consensus price target of $97.00.
Shares of Allstate Corp (NYSE:ALL) opened at $90.73 on Tuesday. Allstate Corp has a 12 month low of $78.13 and a 12 month high of $105.36. The stock has a market capitalization of $32,560.00, a PE ratio of 12.60, a price-to-earnings-growth ratio of 1.33 and a beta of 0.96. The company has a quick ratio of 0.26, a current ratio of 0.25 and a debt-to-equity ratio of 0.31.
Allstate (NYSE:ALL) last released its earnings results on Wednesday, February 7th. The insurance provider reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.56. The business had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.09 billion. Allstate had a return on equity of 12.57% and a net margin of 8.28%. Allstate’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.17 earnings per share. equities research analysts forecast that Allstate Corp will post 8.21 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Friday, March 2nd. This is an increase from Allstate’s previous quarterly dividend of $0.37. Allstate’s payout ratio is 20.56%.
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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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