Gulf International Bank UK Ltd raised its position in shares of Allstate Corp (NYSE:ALL) by 0.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,286 shares of the insurance provider’s stock after buying an additional 240 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Allstate were worth $7,655,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the company. Banco Santander S.A. raised its position in Allstate by 1.0% during the 4th quarter. Banco Santander S.A. now owns 11,803 shares of the insurance provider’s stock valued at $975,000 after purchasing an additional 116 shares in the last quarter. Adviser Investments LLC raised its holdings in shares of Allstate by 5.0% during the fourth quarter. Adviser Investments LLC now owns 2,447 shares of the insurance provider’s stock valued at $202,000 after acquiring an additional 117 shares during the last quarter. Flagship Harbor Advisors LLC raised its holdings in shares of Allstate by 3.7% during the fourth quarter. Flagship Harbor Advisors LLC now owns 3,799 shares of the insurance provider’s stock valued at $313,000 after acquiring an additional 137 shares during the last quarter. JOYN Advisors Inc. raised its holdings in shares of Allstate by 23.9% during the fourth quarter. JOYN Advisors Inc. now owns 715 shares of the insurance provider’s stock valued at $59,000 after acquiring an additional 138 shares during the last quarter. Finally, Pflug Koory LLC raised its holdings in shares of Allstate by 1.4% during the fourth quarter. Pflug Koory LLC now owns 10,840 shares of the insurance provider’s stock valued at $896,000 after acquiring an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 79.43% of the company’s stock.
Allstate stock traded up $0.21 during mid-day trading on Thursday, hitting $97.64. The company’s stock had a trading volume of 20,865 shares, compared to its average volume of 2,159,351. The firm has a market capitalization of $32.64 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 1.25 and a beta of 0.82. Allstate Corp has a 1 year low of $77.00 and a 1 year high of $102.73. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.27 and a current ratio of 0.27.
Allstate (NYSE:ALL) last issued its quarterly earnings data on Tuesday, February 5th. The insurance provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.23. Allstate had a return on equity of 14.00% and a net margin of 5.66%. The company had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.66 billion. During the same period in the prior year, the business posted $2.09 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts forecast that Allstate Corp will post 9.28 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Thursday, February 28th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.05%. This is a boost from Allstate’s previous quarterly dividend of $0.46. The ex-dividend date was Wednesday, February 27th. Allstate’s dividend payout ratio is 24.78%.
A number of equities analysts have commented on ALL shares. Zacks Investment Research cut Allstate from a “strong-buy” rating to a “hold” rating in a report on Friday, January 18th. Credit Suisse Group dropped their price target on Allstate from $112.00 to $93.00 and set a “buy” rating for the company in a research report on Thursday, December 20th. Compass Point began coverage on Allstate in a research report on Tuesday, January 15th. They issued a “buy” rating and a $114.00 price target for the company. ValuEngine lowered Allstate from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Finally, Wells Fargo & Co restated a “hold” rating and issued a $94.00 price target on shares of Allstate in a research report on Tuesday, March 12th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Allstate has an average rating of “Hold” and an average price target of $101.50.
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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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