Los Angeles Capital Management & Equity Research Inc. decreased its position in shares of Allstate Corp (NYSE:ALL) by 0.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,815 shares of the insurance provider’s stock after selling 236 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Allstate were worth $9,495,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Macquarie Group Ltd. boosted its stake in shares of Allstate by 6.3% in the fourth quarter. Macquarie Group Ltd. now owns 7,852,608 shares of the insurance provider’s stock valued at $648,861,000 after buying an additional 468,725 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Allstate by 2.1% in the fourth quarter. Northern Trust Corp now owns 6,681,038 shares of the insurance provider’s stock valued at $552,054,000 after buying an additional 135,679 shares in the last quarter. LSV Asset Management boosted its stake in shares of Allstate by 2.4% in the fourth quarter. LSV Asset Management now owns 5,650,351 shares of the insurance provider’s stock valued at $466,888,000 after buying an additional 130,257 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Allstate by 9.0% in the fourth quarter. Geode Capital Management LLC now owns 4,733,322 shares of the insurance provider’s stock valued at $390,468,000 after buying an additional 391,869 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Allstate by 8,063.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,165,142 shares of the insurance provider’s stock valued at $38,000 after buying an additional 3,126,372 shares in the last quarter. 80.27% of the stock is currently owned by institutional investors.
A number of analysts recently weighed in on ALL shares. Wells Fargo & Co restated a “hold” rating and issued a $94.00 price target on shares of Allstate in a research note on Tuesday, March 12th. Morgan Stanley lifted their price target on Allstate from $94.00 to $100.00 and gave the company an “equal weight” rating in a research note on Tuesday. Zacks Investment Research cut Allstate from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. William Blair raised Allstate from an “underperform” rating to a “market perform” rating in a report on Wednesday, February 6th. Finally, UBS Group lifted their price objective on Allstate from $102.00 to $106.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $101.73.
Shares of NYSE ALL traded up $0.18 during trading on Wednesday, reaching $97.09. The company had a trading volume of 1,348,269 shares, compared to its average volume of 2,064,891. Allstate Corp has a twelve month low of $77.00 and a twelve month high of $102.73. The stock has a market cap of $31.99 billion, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 1.28 and a beta of 0.83. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.30.
Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $2.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.28 by $0.02. Allstate had a return on equity of 12.66% and a net margin of 6.26%. The company had revenue of $8.70 billion during the quarter, compared to analysts’ expectations of $8.82 billion. During the same period in the previous year, the firm posted $2.96 earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, analysts anticipate that Allstate Corp will post 9 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, May 31st will be issued a $0.50 dividend. The ex-dividend date is Thursday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.06%. Allstate’s dividend payout ratio (DPR) is 24.78%.
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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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