Fox Run Management L.L.C. purchased a new position in shares of Allstate Corp (NYSE:ALL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,916 shares of the insurance provider’s stock, valued at approximately $387,000.
Several other institutional investors have also recently modified their holdings of the company. Boston Partners increased its stake in shares of Allstate by 11.2% during the second quarter. Boston Partners now owns 10,511,724 shares of the insurance provider’s stock worth $959,406,000 after acquiring an additional 1,061,730 shares during the period. Macquarie Group Ltd. increased its stake in shares of Allstate by 4.3% during the second quarter. Macquarie Group Ltd. now owns 7,478,697 shares of the insurance provider’s stock worth $682,581,000 after acquiring an additional 305,110 shares during the period. Northern Trust Corp increased its stake in shares of Allstate by 0.4% during the second quarter. Northern Trust Corp now owns 6,831,977 shares of the insurance provider’s stock worth $623,554,000 after acquiring an additional 24,814 shares during the period. LSV Asset Management increased its stake in shares of Allstate by 3.0% during the second quarter. LSV Asset Management now owns 5,409,081 shares of the insurance provider’s stock worth $493,686,000 after acquiring an additional 157,623 shares during the period. Finally, FMR LLC increased its stake in shares of Allstate by 24.7% during the second quarter. FMR LLC now owns 4,096,814 shares of the insurance provider’s stock worth $373,917,000 after acquiring an additional 811,694 shares during the period. Institutional investors and hedge funds own 76.22% of the company’s stock.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Allstate from a “buy” rating to a “hold” rating in a research note on Monday, September 24th. ValuEngine upgraded shares of Allstate from a “sell” rating to a “hold” rating in a research note on Saturday, September 1st. Credit Suisse Group lowered their target price on shares of Allstate from $114.00 to $112.00 and set a “buy” rating on the stock in a research report on Tuesday, August 28th. Wells Fargo & Co restated a “hold” rating on shares of Allstate in a research report on Thursday, August 16th. Finally, B. Riley upped their target price on shares of Allstate from $88.00 to $103.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 7th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $104.00.
Shares of ALL opened at $96.87 on Thursday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.31. Allstate Corp has a twelve month low of $88.29 and a twelve month high of $105.36. The stock has a market cap of $34.17 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 1.27 and a beta of 0.92.
Allstate (NYSE:ALL) last issued its earnings results on Wednesday, August 1st. The insurance provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.45. Allstate had a net margin of 9.06% and a return on equity of 15.21%. The company had revenue of $8.46 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same period in the prior year, the business posted $1.38 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Allstate Corp will post 9.31 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Friday, August 31st were given a dividend of $0.46 per share. The ex-dividend date was Thursday, August 30th. This represents a $1.84 annualized dividend and a yield of 1.90%. Allstate’s payout ratio is currently 27.42%.
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.
Featured Article: Understanding each part of a balance sheet
Want to see what other hedge funds are holding ALL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allstate Corp (NYSE:ALL).
Receive News & Ratings for Allstate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate and related companies with MarketBeat.com's FREE daily email newsletter.