Wilsey Asset Management Inc. Has $8,889,000 Stake in Allstate Corp. (ALL)
Wilsey Asset Management Inc. cut its position in Allstate Corp. (NYSE:ALL) by 1.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 131,110 shares of the company’s stock after selling 1,812 shares during the period. Allstate Corp. accounts for about 6.8% of Wilsey Asset Management Inc.’s portfolio, making the stock its 4th largest position. Wilsey Asset Management Inc.’s holdings in Allstate Corp. were worth $8,889,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the company. Raymond James Trust N.A. raised its position in shares of Allstate Corp. by 14.3% in the second quarter. Raymond James Trust N.A. now owns 84,239 shares of the company’s stock valued at $5,892,000 after buying an additional 10,542 shares in the last quarter. Integrated Investment Consultants LLC raised its position in shares of Allstate Corp. by 9.2% in the second quarter. Integrated Investment Consultants LLC now owns 2,483 shares of the company’s stock valued at $174,000 after buying an additional 209 shares in the last quarter. Boltwood Capital Management raised its position in shares of Allstate Corp. by 1.1% in the second quarter. Boltwood Capital Management now owns 24,008 shares of the company’s stock valued at $1,679,000 after buying an additional 250 shares in the last quarter. BlueMountain Capital Management LLC purchased a new position in shares of Allstate Corp. during the first quarter valued at approximately $668,000. Finally, Kovitz Investment Group Partners LLC purchased a new position in shares of Allstate Corp. during the first quarter valued at approximately $2,407,000. 77.04% of the stock is owned by institutional investors.
Allstate Corp. (NYSE:ALL) traded up 0.22% during midday trading on Monday, reaching $72.18. The company had a trading volume of 2,651,383 shares. Allstate Corp. has a 1-year low of $56.03 and a 1-year high of $72.39. The firm has a 50-day moving average of $68.55 and a 200 day moving average of $68.29. The company has a market capitalization of $26.58 billion, a P/E ratio of 19.55 and a beta of 0.96.
Allstate Corp. (NYSE:ALL) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $1.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.26. Allstate Corp. had a return on equity of 9.16% and a net margin of 4.25%. The business had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the prior year, the company earned $1.52 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts forecast that Allstate Corp. will post $4.29 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Wednesday, November 30th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Monday, November 28th. Allstate Corp.’s payout ratio is 35.68%.
Several equities analysts have commented on the company. Deutsche Bank AG raised their price objective on Allstate Corp. from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. Credit Suisse Group AG set a $73.00 price objective on Allstate Corp. and gave the company a “buy” rating in a research report on Monday, September 12th. Barclays PLC reissued an “overweight” rating and set a $79.00 price objective (up previously from $74.00) on shares of Allstate Corp. in a research report on Friday, September 30th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Allstate Corp. in a research report on Thursday, November 3rd. Finally, Argus reissued a “buy” rating and set a $76.00 price objective on shares of Allstate Corp. in a research report on Friday, September 2nd. Two investment 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 company presently has a consensus rating of “Buy” and a consensus price target of $72.27.
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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