Uncommon Cents Investing LLC bought a new position in Allstate Corp (NYSE:ALL) in the 4th quarter, HoldingsChannel.com reports. The firm bought 40,950 shares of the insurance provider’s stock, valued at approximately $4,045,000. Allstate comprises 2.7% of Uncommon Cents Investing LLC’s portfolio, making the stock its 11th largest holding.
Other hedge funds have also recently added to or reduced their stakes in the company. Arrow Financial Corp lifted its stake in shares of Allstate by 100.0% in the 3rd quarter. Arrow Financial Corp now owns 1,106 shares of the insurance provider’s stock worth $102,000 after acquiring an additional 553 shares during the period. Rational Advisors LLC acquired a new stake in shares of Allstate in the 4th quarter worth $126,000. Taylor Hoffman Wealth Management acquired a new stake in shares of Allstate in the 4th quarter worth $131,000. Financial Engines Advisors L.L.C. acquired a new stake in shares of Allstate in the 3rd quarter worth $116,000. Finally, Baker Ellis Asset Management LLC acquired a new stake in shares of Allstate in the 3rd quarter worth $120,000. Institutional investors own 76.49% of the company’s stock.
Shares of Allstate Corp (NYSE ALL) opened at $95.04 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.25 and a debt-to-equity ratio of 0.31. Allstate Corp has a 52 week low of $79.09 and a 52 week high of $105.36. The company has a market cap of $33,739.20, a PE ratio of 11.35, a P/E/G ratio of 1.36 and a beta of 0.97.
Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.56. Allstate had a net margin of 8.28% and a return on equity of 12.57%. The firm had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.09 billion. During the same quarter last year, the business earned $2.17 earnings per share. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. research analysts forecast that Allstate Corp will post 8.4 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 5th will be paid a $0.46 dividend. This is a boost from Allstate’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.94%. Allstate’s dividend payout ratio (DPR) is 17.68%.
In related news, EVP Susan L. Lees sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $100.49, for a total value of $401,960.00. Following the completion of the sale, the executive vice president now owns 24,341 shares in the company, valued at $2,446,027.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.58% of the stock is owned by company insiders.
Several research firms have recently commented on ALL. Wells Fargo & Co restated a “buy” rating and issued a $105.00 target price on shares of Allstate in a research note on Thursday, November 2nd. Deutsche Bank reduced their target price on shares of Allstate from $102.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, February 9th. ValuEngine upgraded shares of Allstate from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Credit Suisse Group raised their target price on shares of Allstate from $91.00 to $95.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Finally, Zacks Investment Research upgraded shares of Allstate from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research note on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $97.33.
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The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. It is engaged in the property-liability insurance business and the life insurance, retirement and investment products business.
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