Allstate Corp (NYSE:ALL) was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 3,614 put options on the stock. This represents an increase of 1,290% compared to the typical volume of 260 put options.
ALL has been the topic of several recent research reports. Zacks Investment Research raised shares of Allstate from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a report on Wednesday, January 3rd. Wells Fargo & Co set a $110.00 target price on shares of Allstate and gave the stock a “buy” rating in a report on Thursday, November 16th. ValuEngine raised shares of Allstate from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Bank of America lowered their target price on shares of Allstate from $116.00 to $111.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Deutsche Bank lowered their target price on shares of Allstate from $102.00 to $100.00 and set a “hold” rating on the stock in a report on Friday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $97.00.
Allstate (NYSE ALL) opened at $90.89 on Friday. The stock has a market cap of $32,320.00, a P/E ratio of 12.62, a P/E/G ratio of 1.43 and a beta of 0.96. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.26 and a quick ratio of 0.26. Allstate has a one year low of $78.13 and a one year high of $105.36.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 5th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.02%. This is a boost from Allstate’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, March 2nd. Allstate’s dividend payout ratio (DPR) is 20.56%.
In other Allstate news, EVP Susan L. Lees sold 4,000 shares of the firm’s 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 $2,446,027.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.58% of the company’s stock.
A number of large investors have recently made changes to their positions in ALL. First Republic Investment Management Inc. boosted its position in Allstate by 45.6% in the fourth quarter. First Republic Investment Management Inc. now owns 27,749 shares of the insurance provider’s stock valued at $2,906,000 after buying an additional 8,695 shares in the last quarter. Norinchukin Bank The boosted its position in Allstate by 11.9% in the fourth quarter. Norinchukin Bank The now owns 17,989 shares of the insurance provider’s stock valued at $1,884,000 after buying an additional 1,908 shares in the last quarter. FDx Advisors Inc. boosted its position in Allstate by 13.8% in the fourth quarter. FDx Advisors Inc. now owns 15,747 shares of the insurance provider’s stock valued at $1,649,000 after buying an additional 1,906 shares in the last quarter. ARP Americas LP acquired a new stake in Allstate in the fourth quarter valued at approximately $3,278,000. Finally, American International Group Inc. boosted its position in Allstate by 1.8% in the fourth quarter. American International Group Inc. now owns 162,150 shares of the insurance provider’s stock valued at $16,979,000 after buying an additional 2,907 shares in the last quarter. 76.89% of the stock is currently owned by institutional investors and hedge funds.
Allstate Company Profile
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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