Aviva PLC lowered its position in Allstate Corp (NYSE:ALL) by 2.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 112,117 shares of the insurance provider’s stock after selling 2,810 shares during the period. Aviva PLC’s holdings in Allstate were worth $10,284,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bessemer Group Inc. raised its holdings in shares of Allstate by 5.8% in the fourth quarter. Bessemer Group Inc. now owns 21,832 shares of the insurance provider’s stock valued at $2,455,000 after purchasing an additional 1,200 shares during the last quarter. Corient Capital Partners LLC lifted its holdings in Allstate by 2.9% during the fourth quarter. Corient Capital Partners LLC now owns 4,076 shares of the insurance provider’s stock worth $459,000 after acquiring an additional 113 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Allstate by 15.1% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 67,362 shares of the insurance provider’s stock worth $7,600,000 after purchasing an additional 8,820 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Allstate by 2.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,645,444 shares of the insurance provider’s stock worth $185,030,000 after buying an additional 36,658 shares during the last quarter. Finally, Samalin Investment Counsel LLC bought a new position in shares of Allstate during the 4th quarter valued at approximately $61,000. Institutional investors own 76.64% of the company’s stock.
In other Allstate news, CEO Thomas J. Wilson sold 652,868 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $101.32, for a total value of $66,148,585.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Judith A. Sprieser sold 1,783 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $99.03, for a total transaction of $176,570.49. Following the transaction, the director now directly owns 1,783 shares of the company’s stock, valued at $176,570.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 664,021 shares of company stock worth $67,275,235. 1.80% of the stock is owned by insiders.
ALL has been the topic of a number of analyst reports. Citigroup decreased their price objective on Allstate from $135.00 to $119.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Deutsche Bank lifted their price target on Allstate from $115.00 to $120.00 and gave the company a “hold” rating in a research report on Friday, May 15th. Wells Fargo & Co reissued a “hold” rating on shares of Allstate in a report on Tuesday, May 26th. Cfra lowered their target price on shares of Allstate from $135.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Finally, Argus lifted their target price on shares of Allstate from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $115.67.
Shares of ALL traded down $5.39 during trading hours on Thursday, hitting $96.59. The company had a trading volume of 73,011 shares, compared to its average volume of 2,179,477. Allstate Corp has a 52-week low of $64.13 and a 52-week high of $125.92. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.30. The stock’s 50 day moving average price is $99.46 and its 200 day moving average price is $105.99. The firm has a market cap of $33.13 billion, a P/E ratio of 8.14, a P/E/G ratio of 1.26 and a beta of 0.89.
Allstate (NYSE:ALL) last posted its quarterly earnings results on Tuesday, May 5th. The insurance provider reported $3.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.62. Allstate had a return on equity of 17.53% and a net margin of 9.38%. The business had revenue of $9.24 billion for the quarter, compared to analyst estimates of $9.64 billion. During the same period last year, the company earned $2.30 EPS. Allstate’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, research analysts expect that Allstate Corp will post 11.15 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, May 29th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, May 28th. Allstate’s dividend payout ratio is 20.71%.
The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home insurance; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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