Mercer Global Advisors Inc. ADV purchased a new stake in shares of Allstate Corp (NYSE:ALL) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 13,378 shares of the insurance provider’s stock, valued at approximately $1,105,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ALL. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Allstate during the 4th quarter valued at about $25,000. 1 North Wealth Services LLC purchased a new stake in Allstate in the 4th quarter worth approximately $25,000. We Are One Seven LLC purchased a new stake in Allstate in the 4th quarter worth approximately $27,000. Legacy Advisors LLC purchased a new stake in Allstate in the 1st quarter worth approximately $29,000. Finally, Executive Wealth Management LLC purchased a new stake in Allstate in the 4th quarter worth approximately $32,000. 79.43% of the stock is owned by hedge funds and other institutional investors.
Allstate stock opened at $96.40 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.33. Allstate Corp has a 12-month low of $77.00 and a 12-month high of $102.73. The company has a market capitalization of $32.30 billion, a P/E ratio of 11.95, a PEG ratio of 1.26 and a beta of 0.82.
Allstate (NYSE:ALL) last announced its quarterly earnings data on Tuesday, February 5th. The insurance provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.23. Allstate had a net margin of 5.66% and a return on equity of 14.00%. The business had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.66 billion. During the same period last year, the firm posted $2.09 EPS. The company’s revenue was up 6.2% on a year-over-year basis. Analysts forecast that Allstate Corp will post 9.26 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Thursday, February 28th were issued a dividend of $0.50 per share. This is a positive change from Allstate’s previous quarterly dividend of $0.46. This represents a $2.00 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Wednesday, February 27th. Allstate’s dividend payout ratio (DPR) is 24.78%.
Several equities research analysts recently issued reports on ALL shares. Wells Fargo & Co reissued a “hold” rating and issued a $94.00 target price on shares of Allstate in a report on Tuesday, March 12th. ValuEngine lowered shares of Allstate from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Compass Point started coverage on shares of Allstate in a report on Tuesday, January 15th. They issued a “buy” rating and a $114.00 target price for the company. Credit Suisse Group reduced their target price on shares of Allstate from $112.00 to $93.00 and set a “buy” rating for the company in a report on Thursday, December 20th. Finally, William Blair raised shares of Allstate from an “underperform” rating to a “market perform” rating in a report on Wednesday, February 6th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $101.50.
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Allstate Company Profile
The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home insurance; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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