DekaBank Deutsche Girozentrale raised its stake in shares of Allstate Corp (NYSE:ALL) by 14.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 399,006 shares of the insurance provider’s stock after purchasing an additional 49,167 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.12% of Allstate worth $40,043,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of ALL. Whittier Trust Co. increased its stake in Allstate by 240.6% during the second quarter. Whittier Trust Co. now owns 4,584 shares of the insurance provider’s stock worth $269,000 after acquiring an additional 3,238 shares during the last quarter. Unigestion Holding SA acquired a new stake in Allstate during the second quarter worth $2,847,000. Advisor Partners LLC grew its stake in shares of Allstate by 8.5% in the second quarter. Advisor Partners LLC now owns 12,535 shares of the insurance provider’s stock valued at $1,144,000 after buying an additional 987 shares in the last quarter. Northpointe Capital LLC grew its stake in shares of Allstate by 2.0% in the second quarter. Northpointe Capital LLC now owns 37,516 shares of the insurance provider’s stock valued at $3,424,000 after buying an additional 735 shares in the last quarter. Finally, OLD National Bancorp IN grew its stake in shares of Allstate by 16.7% in the second quarter. OLD National Bancorp IN now owns 10,007 shares of the insurance provider’s stock valued at $913,000 after buying an additional 1,435 shares in the last quarter. Institutional investors own 77.00% of the company’s stock.
In other Allstate news, EVP Jesse E. Merten sold 696 shares of Allstate stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $92.12, for a total transaction of $64,115.52. Following the completion of the sale, the executive vice president now directly owns 2,102 shares of the company’s stock, valued at approximately $193,636.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Harriet K. Harty sold 10,515 shares of Allstate stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $98.87, for a total value of $1,039,618.05. Following the sale, the executive vice president now directly owns 14,606 shares of the company’s stock, valued at $1,444,095.22. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.
Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, October 31st. The insurance provider reported $1.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.21 by ($0.28). The business had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.51 billion. Allstate had a return on equity of 15.48% and a net margin of 9.38%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $1.60 earnings per share. As a group, research analysts anticipate that Allstate Corp will post 8.96 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, November 30th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, November 29th. Allstate’s dividend payout ratio (DPR) is 27.42%.
A number of brokerages have recently weighed in on ALL. Zacks Investment Research raised Allstate from a “hold” rating to a “buy” rating and set a $112.00 price objective for the company in a research note on Tuesday, September 18th. Credit Suisse Group dropped their price objective on Allstate from $114.00 to $112.00 and set a “buy” rating for the company in a research note on Tuesday, August 28th. ValuEngine raised Allstate from a “sell” rating to a “hold” rating in a research note on Saturday, September 1st. Wells Fargo & Co reaffirmed a “hold” rating on shares of Allstate in a research note on Thursday, August 16th. Finally, B. Riley lifted their price objective on Allstate from $88.00 to $103.00 and gave the company a “neutral” rating in a research note on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $103.67.
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The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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