Blair William & Co. IL lessened its position in Allstate Corp (NYSE:ALL) by 3.4% in the third quarter, HoldingsChannel.com reports. The fund owned 23,151 shares of the insurance provider’s stock after selling 827 shares during the period. Blair William & Co. IL’s holdings in Allstate were worth $2,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently made changes to their positions in ALL. TD Asset Management Inc. raised its position in Allstate by 8.3% in the second quarter. TD Asset Management Inc. now owns 160,100 shares of the insurance provider’s stock valued at $14,612,000 after purchasing an additional 12,274 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its position in Allstate by 8,404.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,041 shares of the insurance provider’s stock valued at $186,000 after purchasing an additional 2,017 shares during the period. First Trust Advisors LP raised its position in Allstate by 100.9% in the second quarter. First Trust Advisors LP now owns 510,963 shares of the insurance provider’s stock valued at $46,636,000 after purchasing an additional 256,585 shares during the period. D.A. Davidson & CO. raised its position in Allstate by 9.1% in the second quarter. D.A. Davidson & CO. now owns 23,963 shares of the insurance provider’s stock valued at $2,187,000 after purchasing an additional 1,997 shares during the period. Finally, Sigma Planning Corp raised its position in Allstate by 28.6% in the second quarter. Sigma Planning Corp now owns 7,960 shares of the insurance provider’s stock valued at $727,000 after purchasing an additional 1,768 shares during the period. 77.15% of the stock is owned by institutional investors.
ALL stock opened at $86.40 on Thursday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $29.76 billion, a P/E ratio of 9.73, a PEG ratio of 1.16 and a beta of 0.85. Allstate Corp has a 12-month low of $86.18 and a 12-month high of $105.36.
Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, October 31st. The insurance provider reported $1.93 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.21 by ($0.28). The firm had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.51 billion. Allstate had a net margin of 9.38% and a return on equity of 15.48%. Allstate’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.60 EPS. On average, research analysts expect that Allstate Corp will post 8.92 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, November 30th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.84 annualized dividend and a yield of 2.13%. Allstate’s dividend payout ratio (DPR) is 27.42%.
In other Allstate news, EVP Jesse E. Merten sold 696 shares of the company’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $92.12, for a total transaction of $64,115.52. Following the sale, the executive vice president now owns 2,102 shares in the company, valued at approximately $193,636.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Harriet K. Harty sold 10,515 shares of the company’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $98.87, for a total value of $1,039,618.05. Following the sale, the executive vice president now owns 14,606 shares in the company, valued at approximately $1,444,095.22. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.
Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Allstate from a “hold” rating to a “buy” rating and set a $111.00 price objective on the stock in a report on Monday, August 27th. Citigroup set a $115.00 price objective on Allstate and gave the company a “buy” rating in a report on Friday, October 12th. Credit Suisse Group cut their price objective on Allstate from $114.00 to $112.00 and set a “buy” rating on the stock in a report on Tuesday, August 28th. Wells Fargo & Co reiterated a “hold” rating on shares of Allstate in a report on Thursday, August 16th. Finally, Bank of America cut their price objective on Allstate from $113.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $102.82.
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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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