Elkhorn Investments LLC boosted its position in shares of Allstate Corp (NYSE:ALL) by 3.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,286 shares of the insurance provider’s stock after buying an additional 581 shares during the quarter. Allstate makes up about 1.4% of Elkhorn Investments LLC’s holdings, making the stock its biggest holding. Elkhorn Investments LLC’s holdings in Allstate were worth $1,723,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Rothschild Investment Corp IL raised its holdings in Allstate by 4.1% during the 4th quarter. Rothschild Investment Corp IL now owns 12,996 shares of the insurance provider’s stock valued at $1,361,000 after buying an additional 516 shares during the last quarter. Dana Investment Advisors Inc. raised its holdings in Allstate by 22.8% in the 3rd quarter. Dana Investment Advisors Inc. now owns 2,838 shares of the insurance provider’s stock worth $261,000 after purchasing an additional 526 shares in the last quarter. BKD Wealth Advisors LLC raised its holdings in Allstate by 20.8% in the 4th quarter. BKD Wealth Advisors LLC now owns 3,056 shares of the insurance provider’s stock worth $320,000 after purchasing an additional 526 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in Allstate by 10.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 5,523 shares of the insurance provider’s stock worth $579,000 after purchasing an additional 529 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its holdings in Allstate by 2.6% in the 4th quarter. Thrivent Financial For Lutherans now owns 21,709 shares of the insurance provider’s stock worth $2,273,000 after purchasing an additional 543 shares in the last quarter. Institutional investors own 75.88% of the company’s stock.
Several research analysts have commented on the stock. Keefe, Bruyette & Woods lowered shares of Allstate from a “market perform” rating to an “underperform” rating in a report on Tuesday, January 2nd. Zacks Investment Research lowered shares of Allstate from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Goldman Sachs Group assumed coverage on shares of Allstate in a report on Monday, December 4th. They issued a “neutral” rating and a $104.00 price objective for the company. Wells Fargo & Co lowered shares of Allstate from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 9th. Finally, ValuEngine upgraded shares of Allstate from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Two investment 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. The stock has an average rating of “Hold” and a consensus price target of $99.00.
Allstate (NYSE:ALL) last released its earnings results on Wednesday, February 7th. The insurance provider reported $2.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.56. The firm had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.09 billion. Allstate had a net margin of 8.28% and a return on equity of 12.57%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.17 EPS. analysts expect that Allstate Corp will post 8.32 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 5th will be given a $0.46 dividend. The ex-dividend date of this dividend is Friday, March 2nd. This is an increase from Allstate’s previous quarterly dividend of $0.37. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.89%. Allstate’s dividend payout ratio is currently 26.36%.
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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