MetLife Investment Advisors LLC purchased a new position in shares of Allstate (NYSE:ALL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 111,024 shares of the insurance provider’s stock, valued at approximately $11,625,000.
A number of other institutional investors have also made changes to their positions in the stock. BlackRock Inc. boosted its position in Allstate by 5.8% in the 4th quarter. BlackRock Inc. now owns 26,950,291 shares of the insurance provider’s stock valued at $2,821,964,000 after buying an additional 1,466,802 shares during the last quarter. Two Sigma Advisers LP boosted its position in Allstate by 122.7% in the 4th quarter. Two Sigma Advisers LP now owns 1,673,996 shares of the insurance provider’s stock valued at $175,284,000 after buying an additional 922,168 shares during the last quarter. Janus Henderson Group PLC boosted its position in Allstate by 38.0% in the 3rd quarter. Janus Henderson Group PLC now owns 3,169,021 shares of the insurance provider’s stock valued at $291,264,000 after buying an additional 872,370 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Allstate by 22.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,210,943 shares of the insurance provider’s stock valued at $387,030,000 after buying an additional 769,761 shares during the last quarter. Finally, APG Asset Management N.V. boosted its position in Allstate by 20.2% in the 4th quarter. APG Asset Management N.V. now owns 4,047,736 shares of the insurance provider’s stock valued at $352,963,000 after buying an additional 679,300 shares during the last quarter. 75.86% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on ALL shares. Keefe, Bruyette & Woods cut shares of Allstate from a “market perform” rating to an “underperform” rating in a research report on Tuesday, January 2nd. Goldman Sachs started coverage on shares of Allstate in a research report on Monday, December 4th. They issued a “neutral” rating and a $104.00 price objective for the company. Deutsche Bank decreased their price objective on shares of Allstate from $102.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, February 9th. Zacks Investment Research cut shares of Allstate from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, ValuEngine raised shares of Allstate from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $99.00.
ALL stock opened at $97.39 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.25 and a current ratio of 0.25. Allstate has a 12-month low of $79.09 and a 12-month high of $105.36. The company has a market cap of $34,304.45, a PE ratio of 11.64, a PEG ratio of 1.40 and a beta of 1.00.
Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.09 EPS for the quarter, topping the 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 business had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.09 billion. During the same quarter last year, the company posted $2.17 earnings per share. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. research analysts forecast that Allstate will post 8.32 EPS for the current fiscal year.
The firm 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 dividend of $0.46 per share. This is a positive change 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 1.89%. Allstate’s dividend payout ratio is 21.98%.
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The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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