Wells Fargo & Company MN raised its holdings in Allstate Corp (NYSE:ALL) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,281,498 shares of the insurance provider’s stock after buying an additional 102,609 shares during the period. Wells Fargo & Company MN owned about 1.47% of Allstate worth $553,026,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of ALL. Gotham Asset Management LLC raised its stake in Allstate by 20.1% in the second quarter. Gotham Asset Management LLC now owns 5,389 shares of the insurance provider’s stock valued at $477,000 after buying an additional 903 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Allstate by 53.5% during the second quarter. Cubist Systematic Strategies LLC now owns 6,707 shares of the insurance provider’s stock worth $593,000 after purchasing an additional 2,338 shares in the last quarter. National Asset Management Inc. acquired a new stake in shares of Allstate during the second quarter worth about $227,000. Dynamic Technology Lab Private Ltd increased its position in shares of Allstate by 13.7% during the second quarter. Dynamic Technology Lab Private Ltd now owns 9,449 shares of the insurance provider’s stock worth $836,000 after purchasing an additional 1,140 shares in the last quarter. Finally, Advisory Services Network LLC increased its position in shares of Allstate by 10.8% during the second quarter. Advisory Services Network LLC now owns 2,798 shares of the insurance provider’s stock worth $247,000 after purchasing an additional 273 shares in the last quarter. Institutional investors own 76.49% of the company’s stock.
Shares of Allstate Corp (ALL) opened at $92.68 on Wednesday. Allstate Corp has a twelve month low of $79.09 and a twelve month high of $105.36. The firm has a market capitalization of $32,209.15, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 1.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.25 and a quick ratio of 0.26.
Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.56. Allstate had a return on equity of 12.57% and a net margin of 8.28%. The company had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.09 billion. During the same quarter in the previous year, the company earned $2.17 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. equities research analysts forecast that Allstate Corp will post 8.37 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Friday, March 2nd. This is a positive change from Allstate’s previous quarterly dividend of $0.37. Allstate’s payout ratio is currently 17.68%.
In other news, EVP Susan L. Lees sold 4,000 shares of Allstate stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $100.49, for a total transaction of $401,960.00. Following the completion of the sale, the executive vice president now directly owns 24,341 shares in the company, valued at approximately $2,446,027.09. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.
A number of research firms have recently commented on ALL. Wells Fargo & Co reiterated a “buy” rating and set a $105.00 target price on shares of Allstate in a research report on Thursday, November 2nd. Deutsche Bank cut their target price on Allstate from $102.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday, February 9th. ValuEngine upgraded Allstate from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Credit Suisse Group lifted their target price on Allstate from $91.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded Allstate from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $97.00.
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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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