Central Bank & Trust Co. boosted its holdings in shares of Allstate Corp (NYSE:ALL) by 974.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,751 shares of the insurance provider’s stock after buying an additional 1,588 shares during the quarter. Central Bank & Trust Co.’s holdings in Allstate were worth $197,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of ALL. Candriam Luxembourg S.C.A. raised its position in Allstate by 19.1% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 231,261 shares of the insurance provider’s stock worth $27,000 after buying an additional 37,143 shares during the last quarter. McIlrath & Eck LLC purchased a new position in Allstate during the 3rd quarter worth approximately $27,000. Mechanics Bank Trust Department purchased a new position in Allstate during the 3rd quarter worth approximately $32,000. MV Capital Management Inc. raised its position in Allstate by 5,740.0% during the 3rd quarter. MV Capital Management Inc. now owns 292 shares of the insurance provider’s stock worth $32,000 after buying an additional 287 shares during the last quarter. Finally, 1 North Wealth Services LLC purchased a new position in Allstate during the 3rd quarter worth approximately $33,000. 76.94% of the stock is owned by institutional investors.
In related news, insider Croker Trevor purchased 44,975 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were purchased at an average price of $34.22 per share, with a total value of $1,539,044.50. 1.60% of the stock is currently owned by company insiders.
A number of research firms have issued reports on ALL. Evercore ISI reissued a “hold” rating and set a $117.00 price target on shares of Allstate in a research report on Sunday, December 22nd. ValuEngine lowered shares of Allstate from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 3rd. Finally, UBS Group lifted their target price on shares of Allstate from $110.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Allstate has a consensus rating of “Hold” and a consensus price target of $109.55.
NYSE:ALL opened at $114.48 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market cap of $36.75 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 1.33 and a beta of 0.81. The company has a 50 day moving average price of $111.52 and a 200-day moving average price of $107.04. Allstate Corp has a 1-year low of $82.96 and a 1-year high of $114.49.
Allstate (NYSE:ALL) last posted its earnings results on Tuesday, October 29th. The insurance provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.32. The firm had revenue of $10.87 billion during the quarter, compared to analyst estimates of $9.07 billion. Allstate had a net margin of 6.57% and a return on equity of 13.83%. During the same period in the previous year, the firm earned $1.93 EPS. On average, sell-side analysts anticipate that Allstate Corp will post 10.09 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $2.00 dividend on an annualized basis and a yield of 1.75%. Allstate’s dividend payout ratio is currently 24.78%.
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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