Marshall Wace North America L.P. Has $15.64 Million Holdings in Allstate Corp (ALL)

Marshall Wace North America L.P. decreased its stake in Allstate Corp (NYSE:ALL) by 47.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 158,403 shares of the insurance provider’s stock after selling 140,760 shares during the period. Marshall Wace North America L.P.’s holdings in Allstate were worth $15,635,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC purchased a new stake in Allstate in the third quarter worth about $110,000. Stelac Advisory Services LLC purchased a new stake in Allstate in the third quarter worth about $128,000. O Shaughnessy Asset Management LLC increased its position in Allstate by 1,316.0% in the third quarter. O Shaughnessy Asset Management LLC now owns 1,331 shares of the insurance provider’s stock worth $131,000 after buying an additional 1,237 shares in the last quarter. Denali Advisors LLC purchased a new stake in Allstate in the third quarter worth about $158,000. Finally, Belpointe Asset Management LLC purchased a new stake in shares of Allstate during the third quarter worth about $159,000. Institutional investors and hedge funds own 77.15% of the company’s stock.

In related news, 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 transaction 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 $1,444,095.22. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jesse E. Merten sold 696 shares of the stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $92.12, for a total value of $64,115.52. Following the transaction, the executive vice president now directly owns 2,102 shares of the company’s stock, valued at $193,636.24. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Several analysts recently issued reports on the company. Argus cut their target price on Allstate from $115.00 to $106.00 and set a “buy” rating for the company in a research report on Wednesday, November 28th. Wells Fargo & Co set a $100.00 target price on Allstate and gave the stock a “hold” rating in a research report on Thursday, November 15th. Credit Suisse Group set a $112.00 target price on Allstate and gave the stock a “buy” rating in a research report on Wednesday, November 14th. Morgan Stanley cut their target price on Allstate from $105.00 to $102.00 and set a “hold” rating for the company in a research report on Wednesday, November 14th. Finally, Citigroup cut their target price on Allstate from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $102.82.

NYSE:ALL opened at $83.81 on Friday. Allstate Corp has a 12-month low of $83.33 and a 12-month high of $105.36. The stock has a market cap of $29.31 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 1.14 and a beta of 0.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.26 and a quick ratio of 0.26.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, October 31st. The insurance provider reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.28). Allstate had a net margin of 9.38% and a return on equity of 15.48%. The firm had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $8.51 billion. During the same period in the previous year, the company posted $1.60 earnings per share. Allstate’s quarterly revenue was up 5.8% on a year-over-year basis. As a group, research analysts anticipate that Allstate Corp will post 8.92 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, November 30th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Thursday, November 29th. Allstate’s payout ratio is presently 27.42%.

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Allstate 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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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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