Brown Advisory Inc. cut its stake in Allstate Corp (NYSE:ALL) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,308 shares of the insurance provider’s stock after selling 2,851 shares during the period. Brown Advisory Inc.’s holdings in Allstate were worth $4,239,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Brown Advisory Securities LLC increased its stake in shares of Allstate by 3.0% during the 4th quarter. Brown Advisory Securities LLC now owns 7,165 shares of the insurance provider’s stock worth $583,000 after purchasing an additional 208 shares in the last quarter. SlateStone Wealth LLC bought a new stake in shares of Allstate in the 4th quarter worth about $512,000. Kepos Capital LP bought a new stake in shares of Allstate in the 4th quarter worth about $6,408,000. Dimensional Fund Advisors LP increased its position in shares of Allstate by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,646,227 shares of the insurance provider’s stock worth $218,651,000 after purchasing an additional 50,073 shares during the last quarter. Finally, Convergence Investment Partners LLC increased its position in shares of Allstate by 90.5% in the 4th quarter. Convergence Investment Partners LLC now owns 15,174 shares of the insurance provider’s stock worth $1,254,000 after purchasing an additional 7,208 shares during the last quarter. 78.82% of the stock is owned by institutional investors.
Shares of NYSE:ALL opened at $94.84 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.33. Allstate Corp has a fifty-two week low of $77.00 and a fifty-two week high of $102.73. The stock has a market cap of $31.48 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.
Allstate (NYSE:ALL) last announced its quarterly earnings data on Tuesday, February 5th. The insurance provider reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.23. Allstate had a net margin of 5.66% and a return on equity of 14.00%. The business had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.66 billion. During the same quarter in the prior year, the firm earned $2.09 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities analysts expect that Allstate Corp will post 9.28 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Thursday, February 28th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Wednesday, February 27th. This is an increase from Allstate’s previous quarterly dividend of $0.46. Allstate’s dividend payout ratio is currently 24.78%.
ALL has been the subject of several research analyst reports. Argus dropped their target price on shares of Allstate from $115.00 to $106.00 and set a “buy” rating for the company in a research report on Wednesday, November 28th. Edward Jones raised shares of Allstate from a “sell” rating to a “hold” rating in a research report on Tuesday, December 11th. Wells Fargo & Co set a $100.00 target price on shares of Allstate and gave the stock a “hold” rating in a research report on Thursday, December 13th. ValuEngine raised shares of Allstate from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th. Finally, Credit Suisse Group lowered their price objective on shares of Allstate from $112.00 to $93.00 and set a “buy” rating for the company in a research report on Thursday, December 20th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $100.73.
The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home insurance; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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