Itau Unibanco Holding S.A. grew its position in Allstate Corp (NYSE:ALL) by 53.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,202 shares of the insurance provider’s stock after purchasing an additional 3,215 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Allstate were worth $963,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Advisory Services Network LLC grew its holdings in shares of Allstate by 10.8% during the 2nd quarter. Advisory Services Network LLC now owns 2,798 shares of the insurance provider’s stock valued at $247,000 after purchasing an additional 273 shares during the last quarter. Rothschild Investment Corp IL grew its holdings in shares of Allstate by 4.1% during the 4th quarter. Rothschild Investment Corp IL now owns 12,996 shares of the insurance provider’s stock valued at $1,361,000 after purchasing an additional 516 shares during the last quarter. Dana Investment Advisors Inc. grew its holdings in shares of Allstate by 22.8% during the 3rd quarter. Dana Investment Advisors Inc. now owns 2,838 shares of the insurance provider’s stock valued at $261,000 after purchasing an additional 526 shares during the last quarter. BKD Wealth Advisors LLC grew its holdings in Allstate by 20.8% during the 4th quarter. BKD Wealth Advisors LLC now owns 3,056 shares of the insurance provider’s stock worth $320,000 after acquiring an additional 526 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in Allstate by 10.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 5,523 shares of the insurance provider’s stock worth $579,000 after acquiring an additional 529 shares during the last quarter. Institutional investors own 76.65% of the company’s stock.
Allstate Corp (NYSE ALL) opened at $95.04 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.26 and a current ratio of 0.25. Allstate Corp has a 1-year low of $79.09 and a 1-year high of $105.36. The firm has a market cap of $33,739.20, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 1.36 and a beta of 0.97.
Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.09 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $8.09 billion. During the same quarter in the prior year, the company posted $2.17 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. equities analysts forecast that Allstate Corp will post 8.4 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be issued a dividend of $0.46 per share. This is an increase from Allstate’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, March 2nd. This represents a $1.84 annualized dividend and a yield of 1.94%. Allstate’s dividend payout ratio is presently 17.68%.
A number of equities research analysts have weighed in on ALL shares. Zacks Investment Research raised shares of Allstate from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a report on Wednesday, January 3rd. ValuEngine raised shares of Allstate from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Wells Fargo & Co reissued a “buy” rating and set a $105.00 target price on shares of Allstate in a report on Thursday, November 2nd. Bank of America dropped their price target on shares of Allstate from $116.00 to $111.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Finally, Citigroup dropped their price target on shares of Allstate from $118.00 to $111.00 and set a “buy” rating on the stock in a research report on Friday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. Allstate has an average rating of “Hold” and an average target price of $97.33.
TRADEMARK VIOLATION WARNING: “Itau Unibanco Holding S.A. Has $963,000 Stake in Allstate Corp (ALL)” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://ledgergazette.com/2018/02/19/itau-unibanco-holding-s-a-has-963000-stake-in-allstate-corp-all.html.
Allstate Company Profile
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.
Want to see what other hedge funds are holding ALL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allstate Corp (NYSE:ALL).
Receive News & Ratings for Allstate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate and related companies with MarketBeat.com's FREE daily email newsletter.