Great Lakes Advisors LLC lessened its position in Allstate Corp (NYSE:ALL) by 2.4% during the 1st quarter, HoldingsChannel reports. The fund owned 4,409 shares of the insurance provider’s stock after selling 109 shares during the quarter. Great Lakes Advisors LLC’s holdings in Allstate were worth $415,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Townsquare Capital LLC purchased a new position in shares of Allstate in the fourth quarter valued at approximately $218,000. First Interstate Bank lifted its position in shares of Allstate by 160.4% in the fourth quarter. First Interstate Bank now owns 1,505 shares of the insurance provider’s stock valued at $125,000 after acquiring an additional 927 shares in the last quarter. Dalton Greiner Hartman Maher & Co. lifted its position in shares of Allstate by 65.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 170,647 shares of the insurance provider’s stock valued at $16,072,000 after acquiring an additional 67,490 shares in the last quarter. Advisor Partners LLC lifted its position in shares of Allstate by 31.1% in the first quarter. Advisor Partners LLC now owns 16,876 shares of the insurance provider’s stock valued at $1,589,000 after acquiring an additional 4,001 shares in the last quarter. Finally, Segment Wealth Management LLC lifted its position in shares of Allstate by 11.3% in the fourth quarter. Segment Wealth Management LLC now owns 39,284 shares of the insurance provider’s stock valued at $3,246,000 after acquiring an additional 3,997 shares in the last quarter. Institutional investors and hedge funds own 77.51% of the company’s stock.
NYSE:ALL opened at $96.37 on Friday. Allstate Corp has a one year low of $77.00 and a one year 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. The company has a market capitalization of $32.08 billion, a P/E ratio of 11.94, a P/E/G ratio of 1.29 and a beta of 0.83.
Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $2.30 EPS for the quarter, beating the 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 firm had revenue of $8.70 billion during the quarter, compared to analysts’ expectations of $8.82 billion. During the same quarter last year, the firm earned $2.96 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities research analysts anticipate that Allstate Corp will post 9.02 earnings per share for the current year.
The firm also recently announced 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 of this dividend is Thursday, May 30th. This represents a $2.00 annualized dividend and a yield of 2.08%. Allstate’s dividend payout ratio (DPR) is 24.78%.
Several equities analysts have recently weighed in on the company. Credit Suisse Group downgraded Allstate from an “outperform” rating to a “neutral” rating and set a $93.00 target price on the stock. in a research report on Monday, April 8th. Zacks Investment Research raised Allstate from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a report on Thursday, February 7th. ValuEngine raised Allstate from a “sell” rating to a “hold” rating in a report on Monday, February 4th. UBS Group increased their price target on Allstate from $102.00 to $106.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Finally, William Blair raised Allstate from an “underperform” rating to a “market perform” rating in a report on Wednesday, February 6th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $101.73.
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Allstate Company Profile
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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