Regentatlantic Capital LLC Raises Stake in Allstate Corp (ALL)
Regentatlantic Capital LLC lifted its position in Allstate Corp (NYSE:ALL) by 0.9% during the 4th quarter, Holdings Channel reports. The firm owned 126,437 shares of the insurance provider’s stock after acquiring an additional 1,176 shares during the quarter. Allstate accounts for about 1.1% of Regentatlantic Capital LLC’s investment portfolio, making the stock its 18th largest holding. Regentatlantic Capital LLC’s holdings in Allstate were worth $13,239,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN increased its holdings in shares of Allstate by 11.1% in the third quarter. Wells Fargo & Company MN now owns 5,178,889 shares of the insurance provider’s stock worth $475,991,000 after purchasing an additional 518,058 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Allstate by 22.4% in the third quarter. Ameriprise Financial Inc. now owns 4,210,943 shares of the insurance provider’s stock worth $387,030,000 after purchasing an additional 769,761 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Allstate by 13.2% in the fourth quarter. Bank of Montreal Can now owns 3,721,761 shares of the insurance provider’s stock worth $389,706,000 after purchasing an additional 434,191 shares during the last quarter. FMR LLC increased its holdings in shares of Allstate by 13.0% in the second quarter. FMR LLC now owns 3,524,889 shares of the insurance provider’s stock worth $311,741,000 after purchasing an additional 405,244 shares during the last quarter. Finally, APG Asset Management N.V. increased its holdings in shares of Allstate by 182.7% in the third quarter. APG Asset Management N.V. now owns 3,368,436 shares of the insurance provider’s stock worth $309,593,000 after purchasing an additional 2,176,800 shares during the last quarter. 76.58% of the stock is currently owned by hedge funds and other institutional investors.
Allstate Corp (ALL) traded up $0.73 on Tuesday, hitting $104.43. The stock had a trading volume of 1,358,100 shares, compared to its average volume of 2,139,014. The company has a market capitalization of $37,210.25, a PE ratio of 14.50, a price-to-earnings-growth ratio of 1.54 and a beta of 1.12. Allstate Corp has a 1 year low of $73.96 and a 1 year high of $105.36. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.26 and a current ratio of 0.26.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Thursday, November 30th were paid a dividend of $0.37 per share. The ex-dividend date was Wednesday, November 29th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.42%. Allstate’s dividend payout ratio is 20.56%.
Several equities research analysts have recently issued reports on ALL shares. Wells Fargo & Co set a $110.00 target price on Allstate and gave the stock a “buy” rating in a report on Thursday, November 16th. Zacks Investment Research raised Allstate from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a report on Tuesday, December 12th. Citigroup reduced their target price on Allstate from $107.00 to $106.00 and set a “buy” rating on the stock in a report on Monday, October 2nd. Goldman Sachs Group began coverage on Allstate in a report on Monday, December 4th. They issued a “neutral” rating and a $104.00 target price on the stock. Finally, B. Riley reissued a “neutral” rating on shares of Allstate in a research note on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, nine 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 $96.43.
In other news, EVP Susan L. Lees sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $100.49, for a total transaction of $401,960.00. Following the transaction, the executive vice president now owns 24,341 shares of the company’s stock, valued at $2,446,027.09. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Suren Gupta sold 103,242 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $98.68, for a total value of $10,187,920.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 432,242 shares of company stock worth $42,827,931. Insiders own 1.50% of the company’s stock.
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The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. It is engaged in the property-liability insurance business and the life insurance, retirement and investment products business.
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