Parametric Portfolio Associates LLC boosted its position in shares of Allstate Corp (NYSE:ALL) by 3.9% in the first quarter, Holdings Channel reports. The fund owned 1,472,514 shares of the insurance provider’s stock after acquiring an additional 55,449 shares during the period. Parametric Portfolio Associates LLC’s holdings in Allstate were worth $138,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently added to or reduced their stakes in ALL. Banco Santander S.A. increased its holdings in shares of Allstate by 1.0% during the 4th quarter. Banco Santander S.A. now owns 11,803 shares of the insurance provider’s stock worth $975,000 after purchasing an additional 116 shares during the period. Adviser Investments LLC increased its holdings in shares of Allstate by 5.0% during the 4th quarter. Adviser Investments LLC now owns 2,447 shares of the insurance provider’s stock worth $202,000 after purchasing an additional 117 shares during the period. Flagship Harbor Advisors LLC increased its holdings in shares of Allstate by 3.7% during the 4th quarter. Flagship Harbor Advisors LLC now owns 3,799 shares of the insurance provider’s stock worth $313,000 after purchasing an additional 137 shares during the period. JOYN Advisors Inc. increased its holdings in shares of Allstate by 23.9% during the 4th quarter. JOYN Advisors Inc. now owns 715 shares of the insurance provider’s stock worth $59,000 after purchasing an additional 138 shares during the period. Finally, First National Trust Co increased its holdings in shares of Allstate by 5.7% during the 1st quarter. First National Trust Co now owns 2,626 shares of the insurance provider’s stock worth $248,000 after purchasing an additional 142 shares during the period. 77.51% of the stock is owned by hedge funds and other institutional investors.
NYSE ALL traded up $0.39 on Friday, reaching $96.37. The company’s stock had a trading volume of 1,049,579 shares, compared to its average volume of 2,047,083. The stock has a market cap of $32.08 billion, a P/E ratio of 11.94, a PEG ratio of 1.29 and a beta of 0.83. Allstate Corp has a 52 week low of $77.00 and a 52 week high of $102.73. 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 issued its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $2.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.02. The firm had revenue of $8.70 billion for the quarter, compared to analysts’ expectations of $8.82 billion. Allstate had a net margin of 6.26% and a return on equity of 12.66%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.96 earnings per share. Research analysts anticipate that Allstate Corp will post 9.02 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, May 31st will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, May 30th. This represents a $2.00 annualized dividend and a yield of 2.08%. Allstate’s dividend payout ratio is 24.78%.
ALL has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Allstate from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Thursday, February 7th. Wells Fargo & Co reissued a “hold” rating and issued a $94.00 target price on shares of Allstate in a research note on Tuesday, March 12th. William Blair raised shares of Allstate from an “underperform” rating to a “market perform” rating in a research note on Wednesday, February 6th. ValuEngine raised shares of Allstate from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Credit Suisse Group cut shares of Allstate from an “outperform” rating to a “neutral” rating and set a $93.00 target price on the stock. in a research note on Monday, April 8th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $101.73.
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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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