Boston Family Office LLC decreased its position in Allstate Corp. (NYSE:ALL) by 0.3% during the third quarter, Holdings Channel reports. The institutional investor owned 6,458 shares of the company’s stock after selling 17 shares during the period. Boston Family Office LLC’s holdings in Allstate Corp. were worth $447,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Westpac Banking Corp boosted its stake in shares of Allstate Corp. by 30.0% in the second quarter. Westpac Banking Corp now owns 386,466 shares of the company’s stock worth $20,954,000 after buying an additional 89,172 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Allstate Corp. by 14.6% in the second quarter. Bank of New York Mellon Corp now owns 6,355,789 shares of the company’s stock worth $444,586,000 after buying an additional 811,752 shares in the last quarter. Taylor Asset Management Inc. boosted its stake in shares of Allstate Corp. by 0.3% in the second quarter. Taylor Asset Management Inc. now owns 421,600 shares of the company’s stock worth $29,491,000 after buying an additional 1,200 shares in the last quarter. Standard Life Investments LTD boosted its stake in shares of Allstate Corp. by 556.2% in the second quarter. Standard Life Investments LTD now owns 3,243,360 shares of the company’s stock worth $226,857,000 after buying an additional 2,749,105 shares in the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in shares of Allstate Corp. during the second quarter worth approximately $14,759,000. 77.04% of the stock is owned by institutional investors.
Allstate Corp. (NYSE:ALL) traded down 0.03% during midday trading on Friday, hitting $72.38. The stock had a trading volume of 1,971,159 shares. The firm has a market cap of $26.65 billion, a P/E ratio of 19.60 and a beta of 0.96. Allstate Corp. has a 12-month low of $56.03 and a 12-month high of $72.72. The stock has a 50-day moving average price of $68.97 and a 200 day moving average price of $68.45.
Allstate Corp. (NYSE:ALL) last announced its earnings results on Wednesday, November 2nd. The company reported $1.26 earnings per share for the quarter, hitting the consensus estimate of $1.26. Allstate Corp. had a net margin of 4.25% and a return on equity of 9.16%. The business earned $7.87 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the prior year, the firm earned $1.52 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities analysts anticipate that Allstate Corp. will post $4.29 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Wednesday, November 30th will be paid a dividend of $0.33 per share. The ex-dividend date is Monday, November 28th. This represents a $1.32 annualized dividend and a dividend yield of 1.82%. Allstate Corp.’s dividend payout ratio (DPR) is 35.68%.
Several equities analysts have recently issued reports on ALL shares. Barclays PLC reissued an “overweight” rating and issued a $79.00 price objective (up previously from $74.00) on shares of Allstate Corp. in a report on Friday, September 30th. Credit Suisse Group AG set a $73.00 price objective on Allstate Corp. and gave the company a “buy” rating in a report on Tuesday, August 23rd. Argus reissued a “buy” rating and issued a $76.00 price objective on shares of Allstate Corp. in a report on Friday, September 2nd. Zacks Investment Research cut Allstate Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, October 25th. Finally, William Blair reissued an “underperform” rating on shares of Allstate Corp. in a report on Saturday, September 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Allstate Corp. has a consensus rating of “Buy” and an average target price of $72.27.
In other news, VP Samuel H. Pilch sold 21,178 shares of the stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $72.24, for a total transaction of $1,529,898.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.58% of the company’s stock.
About Allstate Corp.
The Allstate Corporation is a holding company for Allstate Insurance Company. The Company and its subsidiaries, including Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries (collectively, Allstate) are engaged in the property-liability insurance and life insurance business.