Standard Life Investments LTD Has $226,857,000 Position in Allstate Corp. (ALL)
Standard Life Investments LTD boosted its position in shares of Allstate Corp. (NYSE:ALL) by 556.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,243,360 shares of the company’s stock after buying an additional 2,749,105 shares during the period. Standard Life Investments LTD owned 0.87% of Allstate Corp. worth $226,857,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in ALL. BlackRock Institutional Trust Company N.A. increased its stake in shares of Allstate Corp. by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 10,773,067 shares of the company’s stock worth $725,782,000 after buying an additional 163,623 shares in the last quarter. BlackRock Group LTD increased its stake in shares of Allstate Corp. by 9.1% in the first quarter. BlackRock Group LTD now owns 4,025,435 shares of the company’s stock worth $271,193,000 after buying an additional 337,002 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Allstate Corp. by 204.5% in the second quarter. American Century Companies Inc. now owns 3,874,045 shares of the company’s stock worth $270,989,000 after buying an additional 2,601,606 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Allstate Corp. by 3.4% in the first quarter. JPMorgan Chase & Co. now owns 1,990,307 shares of the company’s stock worth $134,087,000 after buying an additional 65,427 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Allstate Corp. during the second quarter worth $130,921,000. 76.38% of the stock is currently owned by institutional investors and hedge funds.
Allstate Corp. (NYSE:ALL) traded down 1.13% during mid-day trading on Monday, reaching $68.40. 2,295,207 shares of the company traded hands. The company’s 50 day moving average price is $68.65 and its 200 day moving average price is $67.82. The firm has a market capitalization of $25.41 billion, a P/E ratio of 17.22 and a beta of 0.95. Allstate Corp. has a 12-month low of $56.03 and a 12-month high of $70.38.
Allstate Corp. (NYSE:ALL) last posted its earnings results on Wednesday, August 3rd. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. The firm earned $9.16 billion during the quarter, compared to the consensus estimate of $8.14 billion. Allstate Corp. had a return on equity of 9.94% and a net margin of 4.63%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.63 EPS. Equities research analysts predict that Allstate Corp. will post $4.39 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Wednesday, August 31st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, August 29th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.93%. Allstate Corp.’s dividend payout ratio is currently 33.59%.
A number of equities research analysts recently weighed in on ALL shares. Zacks Investment Research raised shares of Allstate Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 19th. Credit Suisse Group AG set a $73.00 target price on shares of Allstate Corp. and gave the company a “buy” rating in a research note on Tuesday, August 23rd. Deutsche Bank AG raised their target price on shares of Allstate Corp. from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Barclays PLC reaffirmed an “overweight” rating and issued a $79.00 target price (up from $74.00) on shares of Allstate Corp. in a research note on Friday. Finally, William Blair reaffirmed an “underperform” rating on shares of Allstate Corp. in a research note on Saturday, September 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 72 ($0.94).
In related news, EVP Sanjay Gupta sold 9,137 shares of the stock in a transaction on Monday, July 11th. The stock was sold at an average price of GBX 70 ($0.91), for a total transaction of £6,395.90 ($8,348.65). The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Steven E. Shebik sold 41,334 shares of the stock in a transaction on Monday, August 8th. The shares were sold at an average price of GBX 68.86 ($0.90), for a total value of £28,462.59 ($37,152.58). Following the sale, the chief financial officer now owns 102,959 shares in the company, valued at approximately £70,897.57 ($92,543.49). The disclosure for this sale can be found here. Insiders own 1.58% of the company’s stock.
About Allstate Corp.
The Allstate Corporation is a holding company for Allstate Insurance Company. The Company and its subsidiaries, including Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries (collectively, Allstate) are engaged in the property-liability insurance and life insurance business.
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