1 North Wealth Services LLC purchased a new stake in Allstate Corp (NYSE:ALL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 300 shares of the insurance provider’s stock, valued at approximately $25,000.
Other hedge funds also recently bought and sold shares of the company. Ipswich Investment Management Co. Inc. acquired a new position in shares of Allstate in the 4th quarter valued at $25,000. We Are One Seven LLC acquired a new position in shares of Allstate in the 4th quarter valued at $27,000. NuWave Investment Management LLC lifted its stake in shares of Allstate by 870.8% in the 4th quarter. NuWave Investment Management LLC now owns 466 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 418 shares during the period. Gemmer Asset Management LLC lifted its stake in shares of Allstate by 40.0% in the 4th quarter. Gemmer Asset Management LLC now owns 563 shares of the insurance provider’s stock valued at $47,000 after purchasing an additional 161 shares during the period. Finally, Adirondack Trust Co. lifted its stake in shares of Allstate by 83.3% in the 4th quarter. Adirondack Trust Co. now owns 1,100 shares of the insurance provider’s stock valued at $91,000 after purchasing an additional 500 shares during the period. 78.05% of the stock is currently owned by institutional investors.
ALL has been the topic of a number of analyst reports. Zacks Investment Research downgraded Allstate from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 18th. Edward Jones raised Allstate from a “sell” rating to a “hold” rating in a research note on Tuesday, December 11th. Bank of America lowered their price objective on shares of Allstate from $113.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Wells Fargo & Co set a $100.00 price objective on shares of Allstate and gave the company a “hold” rating in a research report on Wednesday, October 31st. Finally, Credit Suisse Group set a $112.00 price objective on shares of Allstate and gave the company a “buy” rating in a research report on Wednesday, November 14th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Allstate currently has an average rating of “Hold” and a consensus target price of $101.27.
ALL opened at $94.00 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.27 and a quick ratio of 0.26. Allstate Corp has a 12 month low of $77.00 and a 12 month high of $102.73. The firm has a market capitalization of $31.85 billion, a P/E ratio of 11.65, a PEG ratio of 1.20 and a beta of 0.82.
Allstate (NYSE:ALL) last released its quarterly earnings data on Tuesday, February 5th. The insurance provider reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.23. Allstate had a net margin of 5.66% and a return on equity of 14.00%. The business had revenue of $8.71 billion during the quarter, compared to analysts’ expectations of $8.66 billion. During the same quarter in the prior year, the company earned $2.09 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, sell-side analysts forecast that Allstate Corp will post 9.24 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Thursday, February 28th will be given a $0.50 dividend. The ex-dividend date is Wednesday, February 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.13%. This is a boost from Allstate’s previous quarterly dividend of $0.46. Allstate’s dividend payout ratio is currently 22.80%.
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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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