Allstate Corp (ALL) Shares Bought by King Luther Capital Management Corp
King Luther Capital Management Corp grew its position in shares of Allstate Corp (NYSE:ALL) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 142,974 shares of the insurance provider’s stock after acquiring an additional 3,008 shares during the quarter. King Luther Capital Management Corp’s holdings in Allstate were worth $14,112,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Northern Trust Corp grew its stake in shares of Allstate by 0.4% in the second quarter. Northern Trust Corp now owns 6,831,977 shares of the insurance provider’s stock valued at $623,554,000 after buying an additional 24,814 shares in the last quarter. Morgan Stanley grew its stake in shares of Allstate by 11.3% in the second quarter. Morgan Stanley now owns 972,750 shares of the insurance provider’s stock valued at $88,783,000 after buying an additional 99,122 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Allstate by 116.2% in the third quarter. Steward Partners Investment Advisory LLC now owns 17,011 shares of the insurance provider’s stock valued at $1,679,000 after buying an additional 9,142 shares in the last quarter. Quantbot Technologies LP grew its stake in shares of Allstate by 598.4% in the third quarter. Quantbot Technologies LP now owns 87,319 shares of the insurance provider’s stock valued at $8,618,000 after buying an additional 74,816 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of Allstate by 101.9% in the second quarter. Millennium Management LLC now owns 1,589,586 shares of the insurance provider’s stock valued at $145,082,000 after buying an additional 802,167 shares in the last quarter. Institutional investors own 77.15% of the company’s stock.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Allstate from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 13th. ValuEngine upgraded Allstate from a “sell” rating to a “hold” rating in a research note on Saturday, September 1st. Citigroup set a $115.00 target price on Allstate and gave the company a “buy” rating in a research note on Friday, October 12th. Credit Suisse Group lowered their target price on Allstate from $114.00 to $112.00 and set a “buy” rating for the company in a research note on Tuesday, August 28th. Finally, Wells Fargo & Co reiterated a “hold” rating on shares of Allstate in a research note on Thursday, August 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $102.82.
Shares of ALL opened at $85.09 on Friday. The stock has a market capitalization of $29.76 billion, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 1.16 and a beta of 0.85. Allstate Corp has a one year low of $83.34 and a one year high of $105.36. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.30.
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). The business had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.51 billion. Allstate had a net margin of 9.38% and a return on equity of 15.48%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.60 EPS. On average, research analysts anticipate that Allstate Corp will post 8.92 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, November 30th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Thursday, November 29th. Allstate’s dividend payout ratio is currently 27.42%.
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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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