Chevy Chase Trust Holdings Inc. Sells 10,223 Shares of Allstate Corp. (ALL)
Chevy Chase Trust Holdings Inc. decreased its position in Allstate Corp. (NYSE:ALL) by 3.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 313,401 shares of the company’s stock after selling 10,223 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.08% of Allstate Corp. worth $21,682,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Westpac Banking Corp raised its stake in shares of Allstate Corp. by 30.0% in the second quarter. Westpac Banking Corp now owns 386,466 shares of the company’s stock worth $20,954,000 after buying an additional 89,172 shares in the last quarter. Taylor Asset Management Inc. raised its stake in shares of Allstate Corp. by 0.3% in the second quarter. Taylor Asset Management Inc. now owns 421,600 shares of the company’s stock worth $29,491,000 after buying an additional 1,200 shares in the last quarter. Standard Life Investments LTD raised its stake in shares of Allstate Corp. by 556.2% in the second quarter. Standard Life Investments LTD now owns 3,243,360 shares of the company’s stock worth $226,857,000 after buying an additional 2,749,105 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Allstate Corp. by 14.6% in the second quarter. Bank of New York Mellon Corp now owns 6,355,789 shares of the company’s stock worth $444,586,000 after buying an additional 811,752 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in shares of Allstate Corp. during the second quarter worth $14,759,000. Institutional investors own 76.92% of the company’s stock.
Allstate Corp. (NYSE:ALL) opened at 72.02 on Friday. The firm’s 50 day moving average is $68.29 and its 200-day moving average is $68.10. Allstate Corp. has a 12 month low of $56.03 and a 12 month high of $72.20. The firm has a market cap of $26.52 billion, a price-to-earnings ratio of 19.50 and a beta of 0.96.
Allstate Corp. (NYSE:ALL) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $1.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.26. The firm earned $7.87 billion during the quarter, compared to analysts’ expectations of $8.35 billion. Allstate Corp. had a net margin of 4.25% and a return on equity of 9.16%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the company earned $1.52 earnings per share. On average, equities analysts forecast that Allstate Corp. will post $4.29 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Wednesday, November 30th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.83%. Allstate Corp.’s dividend payout ratio is currently 35.68%.
A number of analysts have commented on ALL shares. Argus reaffirmed a “buy” rating and set a $76.00 target price on shares of Allstate Corp. in a report on Friday, September 2nd. Credit Suisse Group AG set a $73.00 target price on shares of Allstate Corp. and gave the stock a “buy” rating in a report on Tuesday, August 23rd. Deutsche Bank AG lifted their target price on shares of Allstate Corp. from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Allstate Corp. in a report on Thursday, November 3rd. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $79.00 target price (up previously from $74.00) on shares of Allstate Corp. in a report on Friday, September 30th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 72.27 ($0.90).
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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