Deutsche Bank AG boosted its stake in shares of Allstate Corp (NYSE:ALL) by 56.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 798,784 shares of the insurance provider’s stock after purchasing an additional 286,842 shares during the period. Deutsche Bank AG owned about 0.23% of Allstate worth $83,635,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Jennison Associates LLC purchased a new stake in Allstate during the third quarter valued at approximately $1,954,000. Global X MANAGEMENT CO LLC increased its holdings in Allstate by 5.7% during the third quarter. Global X MANAGEMENT CO LLC now owns 10,127 shares of the insurance provider’s stock valued at $931,000 after buying an additional 550 shares during the last quarter. FDx Advisors Inc. increased its holdings in Allstate by 11.1% during the third quarter. FDx Advisors Inc. now owns 13,841 shares of the insurance provider’s stock valued at $1,272,000 after buying an additional 1,379 shares during the last quarter. Sei Investments Co. increased its holdings in Allstate by 0.6% during the third quarter. Sei Investments Co. now owns 274,870 shares of the insurance provider’s stock valued at $23,640,000 after buying an additional 1,728 shares during the last quarter. Finally, Zweig DiMenna Associates LLC purchased a new stake in Allstate during the third quarter valued at approximately $4,596,000. Institutional investors own 75.88% of the company’s stock.
Shares of Allstate Corp (NYSE:ALL) opened at $94.85 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.25 and a quick ratio of 0.25. The stock has a market cap of $34,038.61, a price-to-earnings ratio of 11.33, a PEG ratio of 1.38 and a beta of 1.00. Allstate Corp has a 52 week low of $79.09 and a 52 week high of $105.36.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 5th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Friday, March 2nd. This is a boost from Allstate’s previous quarterly dividend of $0.37. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.94%. Allstate’s dividend payout ratio is 21.98%.
A number of analysts have commented on ALL shares. Zacks Investment Research raised shares of Allstate from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a report on Wednesday, January 3rd. Bank of America reduced their target price on shares of Allstate from $116.00 to $111.00 and set a “buy” rating for the company in a report on Thursday, February 8th. ValuEngine raised shares of Allstate from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Wells Fargo & Co set a $110.00 target price on shares of Allstate and gave the company a “buy” rating in a report on Thursday, November 16th. Finally, Argus reaffirmed a “buy” rating and set a $110.00 target price on shares of Allstate in a report on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $99.00.
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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