Rehmann Capital Advisory Group lifted its position in Allstate Corp (NYSE:ALL) by 13.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,233 shares of the insurance provider’s stock after acquiring an additional 1,302 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Allstate were worth $1,109,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of ALL. BlackRock Inc. lifted its position in shares of Allstate by 10.6% in the 3rd quarter. BlackRock Inc. now owns 27,138,023 shares of the insurance provider’s stock valued at $2,678,525,000 after acquiring an additional 2,608,827 shares in the last quarter. Man Group plc lifted its position in shares of Allstate by 121.3% in the 3rd quarter. Man Group plc now owns 2,391,444 shares of the insurance provider’s stock valued at $236,035,000 after acquiring an additional 1,310,781 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Allstate by 70.5% in the 3rd quarter. Deutsche Bank AG now owns 2,305,880 shares of the insurance provider’s stock valued at $227,584,000 after acquiring an additional 953,082 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Allstate by 394.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,106,269 shares of the insurance provider’s stock valued at $109,189,000 after acquiring an additional 882,348 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Allstate by 24.7% in the 2nd quarter. FMR LLC now owns 4,096,814 shares of the insurance provider’s stock valued at $373,917,000 after acquiring an additional 811,694 shares in the last quarter. Institutional investors and hedge funds own 77.15% of the company’s stock.
In other Allstate news, EVP Harriet K. Harty sold 10,515 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $98.87, for a total value of $1,039,618.05. Following the transaction, the executive vice president now owns 14,606 shares in the company, valued at approximately $1,444,095.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Jesse E. Merten sold 696 shares of the stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $92.12, for a total transaction of $64,115.52. Following the transaction, the executive vice president now owns 2,102 shares in the company, valued at approximately $193,636.24. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.
Several equities research analysts recently commented on ALL shares. Zacks Investment Research upgraded shares of Allstate from a “hold” rating to a “buy” rating and set a $112.00 price target for the company in a research report on Tuesday, September 18th. ValuEngine upgraded shares of Allstate from a “sell” rating to a “hold” rating in a research report on Saturday, September 1st. Citigroup set a $115.00 price target on shares of Allstate and gave the company a “buy” rating in a research report on Friday, October 12th. Wells Fargo & Co set a $100.00 price target on shares of Allstate and gave the company a “hold” rating in a research report on Thursday, November 8th. Finally, Bank of America reduced their price target on shares of Allstate from $113.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $102.82.
Allstate stock opened at $83.81 on Friday. The company has a market capitalization of $29.31 billion, a price-to-earnings ratio of 12.49, a P/E/G ratio of 1.14 and a beta of 0.85. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.30. Allstate Corp has a twelve month low of $83.33 and a twelve month high of $105.36.
Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, October 31st. The insurance provider reported $1.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.21 by ($0.28). The company had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.51 billion. Allstate had a net margin of 9.38% and a return on equity of 15.48%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.60 EPS. Equities research analysts forecast that Allstate Corp will post 8.92 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, November 30th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.84 annualized dividend and a yield of 2.20%. Allstate’s dividend payout ratio is presently 27.42%.
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The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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