Guggenheim Capital LLC reduced its holdings in shares of Allstate (NYSE:ALL) by 27.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 508,402 shares of the insurance provider’s stock after selling 191,448 shares during the quarter. Guggenheim Capital LLC owned 0.14% of Allstate worth $53,234,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Rothschild Investment Corp IL raised its holdings in Allstate by 4.1% in the fourth quarter. Rothschild Investment Corp IL now owns 12,996 shares of the insurance provider’s stock valued at $1,361,000 after acquiring an additional 516 shares in the last quarter. Dana Investment Advisors Inc. raised its holdings in shares of Allstate by 22.8% during the third quarter. Dana Investment Advisors Inc. now owns 2,838 shares of the insurance provider’s stock worth $261,000 after purchasing an additional 526 shares during the period. BKD Wealth Advisors LLC raised its holdings in shares of Allstate by 20.8% during the fourth quarter. BKD Wealth Advisors LLC now owns 3,056 shares of the insurance provider’s stock worth $320,000 after purchasing an additional 526 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of Allstate by 10.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 5,523 shares of the insurance provider’s stock worth $579,000 after purchasing an additional 529 shares during the period. Finally, Thrivent Financial For Lutherans raised its holdings in shares of Allstate by 2.6% during the fourth quarter. Thrivent Financial For Lutherans now owns 21,709 shares of the insurance provider’s stock worth $2,273,000 after purchasing an additional 543 shares during the period. Institutional investors and hedge funds own 75.87% of the company’s stock.
ALL has been the subject of several recent research reports. Keefe, Bruyette & Woods lowered shares of Allstate from a “market perform” rating to an “underperform” rating in a research report on Tuesday, January 2nd. Citigroup increased their target price on shares of Allstate from $111.00 to $112.00 and gave the company a “buy” rating in a research report on Tuesday, March 27th. Deutsche Bank decreased their target price on shares of Allstate from $102.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, February 9th. Zacks Investment Research lowered shares of Allstate from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, ValuEngine upgraded shares of Allstate from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. Allstate presently has a consensus rating of “Hold” and an average target price of $100.53.
ALL stock traded down $1.23 during midday trading on Friday, hitting $95.90. 2,159,690 shares of the company traded hands, compared to its average volume of 2,124,805. The company has a market cap of $34,428.52, a PE ratio of 14.29, a price-to-earnings-growth ratio of 1.39 and a beta of 0.94. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.31. Allstate has a twelve month low of $79.09 and a twelve month high of $105.36.
Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 8.28% and a return on equity of 12.57%. Allstate’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company posted $2.17 earnings per share. equities analysts expect that Allstate will post 8.4 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Monday, March 5th were given a $0.46 dividend. This is a boost from Allstate’s previous quarterly dividend of $0.37. This represents a $1.84 annualized dividend and a yield of 1.92%. The ex-dividend date was Friday, March 2nd. Allstate’s dividend payout ratio (DPR) is 27.42%.
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Allstate Company Profile
The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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