Swiss National Bank Reduces Position in Allstate Corp. (ALL)
Swiss National Bank lowered its position in shares of Allstate Corp. (NYSE:ALL) by 1.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,040,273 shares of the company’s stock after selling 20,200 shares during the period. Swiss National Bank owned approximately 0.28% of Allstate Corp. worth $71,966,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Feltz Wealth PLAN Inc. purchased a new position in Allstate Corp. during the second quarter worth approximately $105,000. Van Hulzen Asset Management LLC bought a new stake in shares of Allstate Corp. during the third quarter worth about $112,000. Pinkerton Retirement Specialists LLC increased its stake in shares of Allstate Corp. by 654.6% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,645 shares of the company’s stock worth $115,000 after buying an additional 1,427 shares in the last quarter. Zions Bancorporation increased its stake in shares of Allstate Corp. by 64.1% in the second quarter. Zions Bancorporation now owns 2,089 shares of the company’s stock worth $146,000 after buying an additional 816 shares in the last quarter. Finally, Integrated Investment Consultants LLC increased its stake 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 worth $174,000 after buying an additional 209 shares in the last quarter. Hedge funds and other institutional investors own 75.47% of the company’s stock.
Allstate Corp. (NYSE:ALL) opened at 69.63 on Wednesday. Allstate Corp. has a 52 week low of $56.03 and a 52 week high of $72.72. The stock has a market cap of $25.64 billion, a price-to-earnings ratio of 18.85 and a beta of 0.96. The stock’s 50 day moving average price is $69.23 and its 200 day moving average price is $68.53.
Allstate Corp. (NYSE:ALL) last issued its earnings results on Wednesday, November 2nd. The company reported $1.26 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.26. The company earned $7.87 billion during the quarter, compared to analysts’ expectations of $8.35 billion. Allstate Corp. had a return on equity of 9.16% and a net margin of 4.25%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.52 EPS. On average, analysts forecast that Allstate Corp. will post $4.29 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Wednesday, November 30th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Monday, November 28th. Allstate Corp.’s payout ratio is currently 35.68%.
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ALL has been the subject of a number of analyst reports. Deutsche Bank AG raised their price target on Allstate Corp. from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Credit Suisse Group AG set a $73.00 price target on Allstate Corp. and gave the stock a “buy” rating in a research report on Tuesday, August 23rd. Argus restated a “buy” rating and issued a $76.00 price target on shares of Allstate Corp. in a research report on Friday, September 2nd. William Blair restated an “underperform” rating on shares of Allstate Corp. in a research report on Saturday, September 10th. Finally, Barclays PLC restated an “overweight” rating and issued a $79.00 price target (up from $74.00) on shares of Allstate Corp. in a research report on Friday, September 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $72.27.
In other Allstate Corp. news, VP Samuel H. Pilch sold 21,178 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $72.24, for a total value of $1,529,898.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.58% of the stock is owned by company insiders.
Allstate Corp. Company Profile
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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