Profund Advisors LLC boosted its position in Allstate Corp (NYSE:ALL) by 33.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,414 shares of the insurance provider’s stock after acquiring an additional 2,871 shares during the period. Profund Advisors LLC’s holdings in Allstate were worth $1,195,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in ALL. Jennison Associates LLC purchased a new stake in Allstate in the 3rd quarter worth approximately $1,954,000. Global X MANAGEMENT CO LLC grew its stake in Allstate by 5.7% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 10,127 shares of the insurance provider’s stock worth $931,000 after acquiring an additional 550 shares during the period. FDx Advisors Inc. grew its stake in Allstate by 11.1% in the 3rd quarter. FDx Advisors Inc. now owns 13,841 shares of the insurance provider’s stock worth $1,272,000 after acquiring an additional 1,379 shares during the period. Toronto Dominion Bank grew its stake in Allstate by 11.1% in the 3rd quarter. Toronto Dominion Bank now owns 137,390 shares of the insurance provider’s stock worth $12,627,000 after acquiring an additional 13,713 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. grew its stake in Allstate by 117.4% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 235,509 shares of the insurance provider’s stock worth $21,646,000 after acquiring an additional 127,166 shares during the period. 75.88% of the stock is owned by hedge funds and other institutional investors.
Shares of Allstate Corp (NYSE:ALL) opened at $96.41 on Wednesday. Allstate Corp has a 12 month low of $79.09 and a 12 month high of $105.36. The stock has a market cap of $33,620.35, a price-to-earnings ratio of 11.52, a PEG ratio of 1.37 and a beta of 1.00. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.31.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 5th will be issued a dividend of $0.46 per share. This is a positive change from Allstate’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, March 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.91%. Allstate’s payout ratio is presently 21.98%.
Several analysts have commented on ALL shares. Keefe, Bruyette & Woods cut shares of Allstate from a “market perform” rating to an “underperform” rating in a research note on Tuesday, January 2nd. 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 research note on Wednesday, January 3rd. Wells Fargo & Co cut shares of Allstate from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 9th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $105.00 target price (down from $113.00) on shares of Allstate in a research note on Wednesday, February 21st. Finally, ValuEngine raised shares of Allstate from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $99.00.
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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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