Rothschild & Co. Asset Management US Inc. increased its stake in Allstate Corp (NYSE:ALL) by 5.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 323,016 shares of the insurance provider’s stock after buying an additional 16,186 shares during the period. Rothschild & Co. Asset Management US Inc.’s holdings in Allstate were worth $31,882,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of ALL. OLD National Bancorp IN lifted its stake in shares of Allstate by 16.7% in the 2nd quarter. OLD National Bancorp IN now owns 10,007 shares of the insurance provider’s stock valued at $913,000 after acquiring an additional 1,435 shares during the last quarter. Iberiabank Corp lifted its stake in shares of Allstate by 32.8% in the 2nd quarter. Iberiabank Corp now owns 11,114 shares of the insurance provider’s stock valued at $1,014,000 after acquiring an additional 2,745 shares during the last quarter. BP PLC lifted its stake in shares of Allstate by 250.0% in the 2nd quarter. BP PLC now owns 140,000 shares of the insurance provider’s stock valued at $12,776,000 after acquiring an additional 100,000 shares during the last quarter. MainStreet Investment Advisors LLC bought a new stake in shares of Allstate in the 2nd quarter valued at about $213,000. Finally, Aperio Group LLC lifted its stake in shares of Allstate by 4.8% in the 2nd quarter. Aperio Group LLC now owns 477,006 shares of the insurance provider’s stock valued at $43,536,000 after acquiring an additional 21,981 shares during the last quarter. Institutional investors own 77.00% of the company’s stock.
Shares of NYSE:ALL opened at $87.73 on Monday. Allstate Corp has a 52-week low of $87.08 and a 52-week high of $105.36. The company has a market capitalization of $30.22 billion, a PE ratio of 13.07, a PEG ratio of 1.17 and a beta of 0.87. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.26 and a quick ratio of 0.26.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, November 30th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Thursday, November 29th. Allstate’s dividend payout ratio is currently 27.42%.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Allstate from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 13th. ValuEngine raised Allstate from a “sell” rating to a “hold” rating in a research note on Saturday, September 1st. Citigroup set a $115.00 target price on Allstate and gave the company a “buy” rating in a research note on Friday, October 12th. Credit Suisse Group began coverage on Allstate in a research note on Tuesday, August 7th. They issued an “outperform” rating and a $114.00 target price for the company. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Allstate in a research report on Thursday, August 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $103.67.
In other news, EVP Jesse E. Merten sold 696 shares of the stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $92.12, for a total value of $64,115.52. Following the completion of the transaction, the executive vice president now owns 2,102 shares of the company’s stock, valued at approximately $193,636.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Harriet K. Harty sold 10,515 shares of the stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 14,606 shares of the company’s stock, valued at approximately $1,444,095.22. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.
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Allstate Company Profile
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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