Natixis Advisors L.P. lessened its stake in shares of The Allstate Co. (NYSE:ALL – Get Rating) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 166,721 shares of the insurance provider’s stock after selling 5,650 shares during the quarter. Natixis Advisors L.P. owned about 0.06% of Allstate worth $19,615,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. McIlrath & Eck LLC boosted its stake in shares of Allstate by 5.2% during the 4th quarter. McIlrath & Eck LLC now owns 2,587 shares of the insurance provider’s stock worth $304,000 after acquiring an additional 127 shares in the last quarter. Brinker Capital Investments LLC lifted its position in shares of Allstate by 12.9% during the 4th quarter. Brinker Capital Investments LLC now owns 31,657 shares of the insurance provider’s stock worth $3,724,000 after purchasing an additional 3,624 shares during the last quarter. Westpac Banking Corp lifted its position in shares of Allstate by 2.0% during the 4th quarter. Westpac Banking Corp now owns 119,412 shares of the insurance provider’s stock worth $14,049,000 after purchasing an additional 2,338 shares during the last quarter. Van Strum & Towne Inc. lifted its position in shares of Allstate by 66.9% during the 4th quarter. Van Strum & Towne Inc. now owns 2,970 shares of the insurance provider’s stock worth $209,000 after purchasing an additional 1,190 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Allstate by 7.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 114,059 shares of the insurance provider’s stock worth $13,419,000 after purchasing an additional 7,844 shares during the last quarter. Institutional investors own 74.65% of the company’s stock.
NYSE ALL traded down $3.80 during trading hours on Friday, reaching $126.54. 1,614,130 shares of the company’s stock were exchanged, compared to its average volume of 1,696,362. The stock has a market cap of $35.22 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 2.47 and a beta of 0.81. The Allstate Co. has a one year low of $106.11 and a one year high of $144.46. The firm has a fifty day moving average of $132.87 and a 200-day moving average of $123.86. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.34.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 1st. Investors of record on Monday, February 28th were given a dividend of $0.85 per share. The ex-dividend date of this dividend was Friday, February 25th. This is a positive change from Allstate’s previous quarterly dividend of $0.81. This represents a $3.40 dividend on an annualized basis and a yield of 2.69%. Allstate’s dividend payout ratio is 66.67%.
Several research firms recently weighed in on ALL. Wells Fargo & Company boosted their price objective on Allstate from $105.00 to $123.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 12th. Morgan Stanley upped their price target on Allstate from $140.00 to $152.00 and gave the company an “equal weight” rating in a report on Thursday, April 14th. The Goldman Sachs Group raised Allstate from a “sell” rating to a “buy” rating and upped their price target for the company from $111.00 to $142.00 in a report on Wednesday, March 2nd. Credit Suisse Group assumed coverage on Allstate in a report on Thursday. They issued an “outperform” rating and a $188.00 price target for the company. Finally, Barclays upped their price target on Allstate from $119.00 to $141.00 and gave the company an “equal weight” rating in a report on Tuesday, April 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Allstate has a consensus rating of “Hold” and an average target price of $143.21.
In other Allstate news, CFO Mario Rizzo sold 25,648 shares of the stock in a transaction on Friday, February 4th. The stock was sold at an average price of $122.57, for a total value of $3,143,675.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO John C. Pintozzi sold 3,000 shares of the stock in a transaction on Friday, February 25th. The shares were sold at an average price of $123.87, for a total value of $371,610.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,300 shares of company stock worth $3,715,590. 1.56% of the stock is owned by corporate insiders.
Allstate Profile (Get Rating)
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability 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 and stand-alone scheduled personal property; and commercial lines products under the Allstate and Encompass brand names.
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