Daiwa SB Investments Ltd. Has $1.02 Million Stake in Allstate Corp (ALL)

Daiwa SB Investments Ltd. lifted its position in Allstate Corp (NYSE:ALL) by 863.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,330 shares of the insurance provider’s stock after buying an additional 11,050 shares during the period. Daiwa SB Investments Ltd.’s holdings in Allstate were worth $1,019,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. United Bank lifted its holdings in Allstate by 4.5% during the second quarter. United Bank now owns 16,488 shares of the insurance provider’s stock worth $1,505,000 after acquiring an additional 712 shares in the last quarter. Morgan Stanley lifted its holdings in Allstate by 11.3% during the second quarter. Morgan Stanley now owns 972,750 shares of the insurance provider’s stock worth $88,783,000 after acquiring an additional 99,122 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Allstate by 11.8% in the second quarter. Sterling Capital Management LLC now owns 6,141 shares of the insurance provider’s stock valued at $560,000 after purchasing an additional 650 shares in the last quarter. Argent Trust Co bought a new stake in shares of Allstate in the second quarter valued at about $1,482,000. Finally, Davy Asset Management Ltd bought a new stake in shares of Allstate in the second quarter valued at about $1,339,000. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Jesse E. Merten sold 696 shares of the company’s 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 sale, the executive vice president now owns 2,102 shares in the company, valued at $193,636.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

A number of analysts have recently commented on the company. Compass Point assumed coverage on Allstate in a report on Tuesday. They issued a “buy” rating and a $114.00 price target on the stock. Citigroup set a $115.00 price target on Allstate and gave the company a “buy” rating in a report on Friday, October 12th. Wells Fargo & Co set a $100.00 price target on Allstate and gave the company a “hold” rating in a report on Thursday, December 13th. ValuEngine lowered Allstate from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Finally, Argus cut their price target on Allstate from $115.00 to $106.00 and set a “buy” rating on the stock in a report on Wednesday, November 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $100.50.

Shares of Allstate stock opened at $84.23 on Wednesday. The stock has a market capitalization of $28.86 billion, a PE ratio of 12.55, a PEG ratio of 1.09 and a beta of 0.85. Allstate Corp has a one year low of $77.00 and a one year high of $104.47. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.26 and a current ratio of 0.26.

Allstate (NYSE:ALL) last issued 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 during the quarter, compared to the consensus estimate of $8.51 billion. During the same quarter last year, the firm earned $1.60 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. Analysts predict that Allstate Corp will post 8.23 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 2nd. Investors of record on Friday, November 30th were issued a dividend of $0.46 per share. The ex-dividend date was Thursday, November 29th. This represents a $1.84 annualized dividend and a yield of 2.18%. Allstate’s payout ratio is presently 27.42%.

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About Allstate

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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