Kentucky Retirement Systems purchased a new stake in Allstate Corp (NYSE:ALL) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 37,553 shares of the insurance provider’s stock, valued at approximately $2,048,000.
A number of other hedge funds also recently bought and sold shares of ALL. Amussen Hunsaker Associates LLC bought a new stake in Allstate in the 3rd quarter valued at $164,000. Captrust Financial Advisors raised its holdings in Allstate by 757.1% in the 3rd quarter. Captrust Financial Advisors now owns 21,257 shares of the insurance provider’s stock valued at $2,108,000 after acquiring an additional 18,777 shares in the last quarter. Resources Management Corp CT ADV acquired a new position in Allstate in the 3rd quarter valued at $309,000. Mackenzie Financial Corp raised its holdings in Allstate by 17.0% in the 3rd quarter. Mackenzie Financial Corp now owns 6,406 shares of the insurance provider’s stock valued at $632,000 after acquiring an additional 929 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in Allstate by 75.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 474,003 shares of the insurance provider’s stock valued at $46,784,000 after acquiring an additional 203,479 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.
In related news, EVP Jesse E. Merten sold 696 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $92.12, for a total transaction of $64,115.52. Following the transaction, the executive vice president now directly owns 2,102 shares of the company’s stock, valued at approximately $193,636.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.40% of the stock is currently owned by corporate insiders.
Shares of Allstate stock traded down $0.09 on Friday, hitting $83.45. 1,821,657 shares of the company’s stock traded hands, compared to its average volume of 2,727,132. 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 current ratio of 0.26 and a quick ratio of 0.26. The firm has a market cap of $28.64 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 1.09 and a beta of 0.85.
Allstate (NYSE:ALL) last announced its earnings results on Wednesday, October 31st. The insurance provider reported $1.93 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.28). Allstate had a net margin of 9.38% and a return on equity of 15.48%. The business had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $8.51 billion. During the same quarter in the previous year, the company earned $1.60 EPS. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, sell-side analysts expect that Allstate Corp will post 8.27 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 2nd. Investors of record on Friday, November 30th were 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 was Thursday, November 29th. Allstate’s dividend payout ratio (DPR) is currently 27.42%.
Several equities analysts have weighed in on ALL shares. Zacks Investment Research raised Allstate from a “hold” rating to a “buy” rating and set a $112.00 price objective for the company in a report on Tuesday, September 18th. Citigroup set a $115.00 target price on Allstate and gave the stock a “buy” rating in a report on Friday, October 12th. Wells Fargo & Co set a $100.00 target price on Allstate and gave the stock a “hold” rating in a report on Thursday, November 8th. ValuEngine raised Allstate from a “sell” rating to a “hold” rating in a report on Tuesday, December 18th. Finally, Bank of America lowered their target price on Allstate from $113.00 to $110.00 and set a “buy” rating for the company in a report on Friday, November 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Allstate has a consensus rating of “Hold” and a consensus target price of $99.27.
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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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