Citigroup Inc. lowered its stake in shares of The Allstate Co. (NYSE:ALL – Free Report) by 14.0% in the course of the third quarter, Holdings Channel stories. The agency owned 184,492 shares of the insurance coverage supplier’s inventory after promoting 30,055 shares in the course of the quarter. Citigroup Inc.’s holdings in Allstate had been value $34,989,000 on the finish of the newest quarter.
A number of different institutional traders and hedge funds have additionally just lately modified their holdings of ALL. Pathway Monetary Advisers LLC grew its stake in Allstate by 18,472.5% within the third quarter. Pathway Monetary Advisers LLC now owns 1,052,687 shares of the insurance coverage supplier’s inventory value $199,642,000 after buying an extra 1,047,019 shares in the course of the interval. Allspring World Investments Holdings LLC boosted its holdings in shares of Allstate by 18.7% in the course of the third quarter. Allspring World Investments Holdings LLC now owns 3,000,866 shares of the insurance coverage supplier’s inventory valued at $569,114,000 after shopping for an extra 472,040 shares within the final quarter. AQR Capital Administration LLC grew its place in shares of Allstate by 181.6% within the 2nd quarter. AQR Capital Administration LLC now owns 719,997 shares of the insurance coverage supplier’s inventory value $114,955,000 after shopping for an extra 464,337 shares in the course of the interval. TimesSquare Capital Administration LLC purchased a brand new place in shares of Allstate within the third quarter value about $77,819,000. Lastly, Acadian Asset Administration LLC lifted its place in Allstate by 3,839.0% in the course of the 2nd quarter. Acadian Asset Administration LLC now owns 416,117 shares of the insurance coverage supplier’s inventory valued at $66,417,000 after buying an extra 405,553 shares in the course of the interval. 76.47% of the inventory is owned by hedge funds and different institutional traders.
Insider Shopping for and Promoting
In different information, insider John E. Dugenske offered 36,367 shares of the agency’s inventory in a transaction dated Friday, September twentieth. The inventory was offered at a median worth of $191.38, for a complete worth of $6,959,916.46. Following the transaction, the insider now owns 27,364 shares of the corporate’s inventory, valued at $5,236,922.32. This commerce represents a 57.06 % lower of their possession of the inventory. The transaction was disclosed in a submitting with the Securities & Change Fee, which is accessible by this hyperlink. 1.80% of the inventory is owned by insiders.
Wall Road Analyst Weigh In
Quite a lot of brokerages have just lately commented on ALL. Evercore ISI boosted their worth goal on Allstate from $191.00 to $195.00 and gave the inventory an “in-line” ranking in a analysis report on Wednesday, October ninth. The Goldman Sachs Group elevated their goal worth on Allstate from $209.00 to $230.00 and gave the inventory a “purchase” ranking in a analysis observe on Friday, November fifteenth. Roth Mkm reaffirmed a “purchase” ranking and issued a $200.00 worth goal on shares of Allstate in a analysis report on Wednesday, August 14th. Wells Fargo & Firm elevated their worth goal on shares of Allstate from $175.00 to $186.00 and gave the corporate an “equal weight” ranking in a analysis report on Tuesday, November fifth. Lastly, Raymond James lifted their goal worth on shares of Allstate from $205.00 to $220.00 and gave the inventory a “strong-buy” ranking in a report on Friday, October 4th. One analysis analyst has rated the inventory with a promote ranking, two have issued a maintain ranking, 13 have issued a purchase ranking and one has given a powerful purchase ranking to the inventory. In keeping with MarketBeat, Allstate has a consensus ranking of “Reasonable Purchase” and a median goal worth of $214.19.
Learn Our Newest Inventory Evaluation on Allstate
Allstate Inventory Down 0.8 %
Allstate inventory opened at $202.14 on Tuesday. The inventory has a market cap of $53.53 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 1.81 and a beta of 0.48. The corporate has a debt-to-equity ratio of 0.43, a fast ratio of 0.40 and a present ratio of 0.40. The inventory has a fifty day shifting common of $191.64 and a 200 day shifting common of $178.11. The Allstate Co. has a one yr low of $134.17 and a one yr excessive of $205.35.
Allstate (NYSE:ALL – Get Free Report) final posted its quarterly earnings knowledge on Wednesday, October thirtieth. The insurance coverage supplier reported $3.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. Allstate had a internet margin of 6.77% and a return on fairness of 26.67%. The corporate had income of $16.63 billion for the quarter, in comparison with the consensus estimate of $14.57 billion. Throughout the identical quarter final yr, the agency posted $0.81 earnings per share. The agency’s income was up 14.7% in comparison with the identical quarter final yr. As a bunch, sell-side analysts predict that The Allstate Co. will submit 16.07 EPS for the present yr.
Allstate Broadcasts Dividend
The enterprise additionally just lately disclosed a quarterly dividend, which will likely be paid on Thursday, January 2nd. Stockholders of document on Friday, November twenty ninth will likely be paid a $0.92 dividend. The ex-dividend date is Friday, November twenty ninth. This represents a $3.68 annualized dividend and a dividend yield of 1.82%. Allstate’s dividend payout ratio (DPR) is 23.83%.
Allstate Firm Profile
The Allstate Company, along with its subsidiaries, gives property and casualty, and different insurance coverage merchandise in the US and Canada. It operates in 5 segments: Allstate Safety; Safety Companies; Allstate Well being and Advantages; Run-off Property-Legal responsibility; and Company and Different segments.
Additional Studying
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