Dimensional Fund Advisors LP Reduces Holdings in Allstate Corporation (The) (ALL)
Dimensional Fund Advisors LP decreased its holdings in shares of Allstate Corporation (The) (NYSE:ALL) by 0.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,633,588 shares of the insurance provider’s stock after selling 5,299 shares during the quarter. Dimensional Fund Advisors LP owned about 0.73% of Allstate worth $242,036,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Canada Pension Plan Investment Board increased its holdings in Allstate by 3.1% during the 3rd quarter. Canada Pension Plan Investment Board now owns 491,833 shares of the insurance provider’s stock valued at $45,204,000 after purchasing an additional 14,700 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of Allstate in the 2nd quarter worth $1,671,000. State of Tennessee Treasury Department boosted its position in shares of Allstate by 16.7% in the 2nd quarter. State of Tennessee Treasury Department now owns 593,694 shares of the insurance provider’s stock worth $52,506,000 after purchasing an additional 85,026 shares during the last quarter. Aperio Group LLC boosted its position in shares of Allstate by 16.4% in the 3rd quarter. Aperio Group LLC now owns 410,026 shares of the insurance provider’s stock worth $37,685,000 after purchasing an additional 57,713 shares during the last quarter. Finally, Toronto Dominion Bank boosted its position in shares of Allstate by 11.1% in the 3rd quarter. Toronto Dominion Bank now owns 137,390 shares of the insurance provider’s stock worth $12,627,000 after purchasing an additional 13,713 shares during the last quarter. Hedge funds and other institutional investors own 76.65% of the company’s stock.
Shares of Allstate Corporation (NYSE:ALL) traded up $0.39 during trading hours on Monday, hitting $102.50. The stock had a trading volume of 1,308,700 shares, compared to its average volume of 1,869,039. Allstate Corporation has a 12 month low of $71.51 and a 12 month high of $104.10. The company has a market capitalization of $36,779.66, a PE ratio of 15.10, a PEG ratio of 1.97 and a beta of 1.12. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.31.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, November 30th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Wednesday, November 29th. Allstate’s dividend payout ratio (DPR) is currently 20.56%.
In other Allstate news, EVP Susan L. Lees sold 4,000 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $100.49, for a total transaction of $401,960.00. Following the completion of the sale, the executive vice president now directly owns 24,341 shares in the company, valued at $2,446,027.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Suren Gupta sold 103,242 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $98.68, for a total value of $10,187,920.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 432,242 shares of company stock valued at $42,827,931. 1.50% of the stock is currently owned by corporate insiders.
ALL has been the topic of several recent analyst reports. Wells Fargo & Company set a $110.00 target price on Allstate and gave the stock a “buy” rating in a report on Thursday, November 16th. Citigroup dropped their price target on Allstate from $107.00 to $106.00 and set a “buy” rating on the stock in a research note on Monday, October 2nd. Zacks Investment Research raised Allstate from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. BidaskClub downgraded Allstate from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, B. Riley reissued a “neutral” rating on shares of Allstate in a research note on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. Allstate has an average rating of “Hold” and an average target price of $95.08.
ILLEGAL ACTIVITY NOTICE: This story was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.thecerbatgem.com/2017/12/11/dimensional-fund-advisors-lp-reduces-holdings-in-allstate-corporation-the-all.html.
Allstate Company Profile
The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. It is engaged in the property-liability insurance business and the life insurance, retirement and investment products business.
Receive News & Stock Ratings for Allstate Corporation (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate Corporation (The) and related stocks with our FREE daily email newsletter.