Allstate Corp (ALL) Position Lessened by Keel Point LLC
Keel Point LLC decreased its position in shares of Allstate Corp (NYSE:ALL) by 6.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 18,225 shares of the insurance provider’s stock after selling 1,181 shares during the quarter. Keel Point LLC’s holdings in Allstate were worth $1,908,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Arrow Financial Corp increased its position in Allstate by 100.0% during the third quarter. Arrow Financial Corp now owns 1,106 shares of the insurance provider’s stock worth $102,000 after purchasing an additional 553 shares during the last quarter. Rational Advisors LLC acquired a new position in Allstate during the fourth quarter worth approximately $126,000. Financial Engines Advisors L.L.C. acquired a new position in Allstate during the third quarter worth approximately $116,000. Baker Ellis Asset Management LLC acquired a new position in Allstate during the third quarter worth approximately $120,000. Finally, Resources Investment Advisors Inc. increased its position in Allstate by 71.1% during the fourth quarter. Resources Investment Advisors Inc. now owns 1,340 shares of the insurance provider’s stock worth $140,000 after purchasing an additional 557 shares during the last quarter. 76.49% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently commented on the stock. Wells Fargo & Co reaffirmed a “buy” rating and set a $105.00 price target on shares of Allstate in a research report on Thursday, November 2nd. Deutsche Bank dropped their price target on shares of Allstate from $102.00 to $100.00 and set a “hold” rating for the company in a research report on Friday. ValuEngine raised shares of Allstate from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Credit Suisse Group increased their price objective on shares of Allstate from $91.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Finally, Zacks Investment Research raised shares of Allstate from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a research report on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $97.00.
Allstate Corp (NYSE ALL) opened at $90.73 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.25 and a quick ratio of 0.26. Allstate Corp has a 52-week low of $78.81 and a 52-week high of $105.36. The stock has a market cap of $32,265.95, a PE ratio of 10.84, a PEG ratio of 1.33 and a beta of 0.97.
Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.56. Allstate had a net margin of 8.28% and a return on equity of 12.57%. The company had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.09 billion. During the same period last year, the firm posted $2.17 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. research analysts anticipate that Allstate Corp will post 8.21 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 5th will be given a $0.46 dividend. The ex-dividend date is Friday, March 2nd. This is an increase from Allstate’s previous quarterly dividend of $0.37. This represents a $1.84 annualized dividend and a yield of 2.03%. Allstate’s dividend payout ratio (DPR) is currently 17.68%.
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.
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