Honkamp Krueger Financial Services Inc. cut its stake in shares of Allstate Corp (NYSE:ALL) by 33.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,375 shares of the insurance provider’s stock after selling 1,191 shares during the period. Honkamp Krueger Financial Services Inc.’s holdings in Allstate were worth $249,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of ALL. Assenagon Asset Management S.A. acquired a new stake in Allstate during the third quarter worth approximately $14,136,000. APG Asset Management N.V. lifted its position in Allstate by 182.7% during the third quarter. APG Asset Management N.V. now owns 3,368,436 shares of the insurance provider’s stock worth $309,593,000 after acquiring an additional 2,176,800 shares during the last quarter. Alpha Cubed Investments LLC lifted its position in Allstate by 17.0% during the third quarter. Alpha Cubed Investments LLC now owns 4,715 shares of the insurance provider’s stock worth $433,000 after acquiring an additional 684 shares during the last quarter. Adviser Investments LLC acquired a new stake in Allstate during the third quarter worth approximately $209,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Allstate during the third quarter worth approximately $496,000. Hedge funds and other institutional investors own 76.65% of the company’s stock.
Several brokerages have recently commented on ALL. Citigroup lowered their target price on shares of Allstate from $118.00 to $111.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Wells Fargo & Co reaffirmed a “buy” rating and set a $105.00 target price on shares of Allstate in a report on Thursday, November 2nd. ValuEngine raised shares of Allstate from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised shares of Allstate from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a report on Wednesday, January 3rd. Finally, Bank of America lowered their target price on shares of Allstate from $116.00 to $111.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Allstate has a consensus rating of “Hold” and an average price target of $97.33.
Allstate Corp (ALL) opened at $93.65 on Wednesday. The stock has a market cap of $33,739.20, a P/E ratio of 11.19, a P/E/G ratio of 1.36 and a beta of 0.97. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.25 and a quick ratio of 0.26. Allstate Corp has a one year low of $79.09 and a one year high of $105.36.
Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.56. The business had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.09 billion. Allstate had a net margin of 8.28% and a return on equity of 12.57%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm posted $2.17 earnings per share. equities analysts anticipate that Allstate Corp will post 8.4 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 5th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.96%. This is a boost from Allstate’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, March 2nd. Allstate’s dividend payout ratio (DPR) is 17.68%.
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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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