Tocqueville Asset Management L.P. lessened its stake in Allstate Corp (NYSE:ALL) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,475 shares of the insurance provider’s stock after selling 1,150 shares during the period. Tocqueville Asset Management L.P.’s holdings in Allstate were worth $2,078,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UNIVEST FINANCIAL Corp increased its stake in Allstate by 6.3% in the 4th quarter. UNIVEST FINANCIAL Corp now owns 46,066 shares of the insurance provider’s stock worth $3,414,000 after purchasing an additional 2,723 shares during the period. 6 Meridian increased its stake in shares of Allstate by 1.8% in the fourth quarter. 6 Meridian now owns 80,186 shares of the insurance provider’s stock worth $9,017,000 after buying an additional 1,441 shares during the period. Sawyer & Company Inc raised its holdings in Allstate by 53.7% during the 4th quarter. Sawyer & Company Inc now owns 6,143 shares of the insurance provider’s stock valued at $691,000 after buying an additional 2,145 shares during the last quarter. Central Bank & Trust Co. raised its holdings in Allstate by 974.2% during the 4th quarter. Central Bank & Trust Co. now owns 1,751 shares of the insurance provider’s stock valued at $197,000 after buying an additional 1,588 shares during the last quarter. Finally, DNB Asset Management AS raised its holdings in Allstate by 16.6% during the 4th quarter. DNB Asset Management AS now owns 135,061 shares of the insurance provider’s stock valued at $15,188,000 after buying an additional 19,258 shares during the last quarter. 76.94% of the stock is owned by institutional investors.
In related news, insider Croker Trevor bought 44,975 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was purchased at an average cost of $34.22 per share, with a total value of $1,539,044.50. Company insiders own 1.60% of the company’s stock.
A number of equities research analysts have issued reports on the stock. UBS Group raised their price target on shares of Allstate from $110.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Evercore ISI reaffirmed a “hold” rating and set a $117.00 price objective on shares of Allstate in a research note on Sunday, December 22nd. Finally, ValuEngine downgraded shares of Allstate from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $109.10.
ALL opened at $116.15 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market capitalization of $36.87 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 1.34 and a beta of 0.81. The stock’s 50 day moving average price is $111.70 and its 200-day moving average price is $107.26. Allstate Corp has a 52-week low of $84.21 and a 52-week high of $116.16.
Allstate (NYSE:ALL) last announced its quarterly earnings results on Tuesday, October 29th. The insurance provider reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.32. The company had revenue of $10.87 billion during the quarter, compared to analyst estimates of $9.07 billion. Allstate had a return on equity of 13.83% and a net margin of 6.57%. During the same quarter last year, the firm posted $1.93 earnings per share. Research analysts forecast that Allstate Corp will post 10.21 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $2.00 annualized dividend and a yield of 1.72%. Allstate’s dividend payout ratio (DPR) is presently 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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