Bronfman E.L. Rothschild L.P. grew its position in shares of Allstate Corp (NYSE:ALL) by 8.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,735 shares of the insurance provider’s stock after purchasing an additional 203 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Allstate were worth $226,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Ipswich Investment Management Co. Inc. purchased a new stake in Allstate in the 4th quarter worth $25,000. 1 North Wealth Services LLC purchased a new stake in Allstate in the 4th quarter worth $25,000. We Are One Seven LLC purchased a new stake in Allstate in the 4th quarter worth $27,000. NuWave Investment Management LLC increased its holdings in Allstate by 870.8% in the 4th quarter. NuWave Investment Management LLC now owns 466 shares of the insurance provider’s stock worth $39,000 after acquiring an additional 418 shares in the last quarter. Finally, Semmax Financial Advisors Inc. purchased a new stake in Allstate in the 4th quarter worth $40,000. 78.59% of the stock is owned by hedge funds and other institutional investors.
Shares of ALL opened at $93.04 on Thursday. Allstate Corp has a 52-week low of $77.00 and a 52-week high of $102.73. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market cap of $31.27 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.
Allstate (NYSE:ALL) last announced its earnings results on Tuesday, February 5th. The insurance provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.23. Allstate had a net margin of 5.66% and a return on equity of 14.00%. The company had revenue of $8.71 billion for the quarter, compared to analysts’ expectations of $8.66 billion. During the same quarter in the previous year, the company posted $2.09 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, analysts forecast that Allstate Corp will post 9.28 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Thursday, February 28th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.15%. The ex-dividend date is Wednesday, February 27th. This is a boost from Allstate’s previous quarterly dividend of $0.46. Allstate’s payout ratio is 24.78%.
Several brokerages recently commented on ALL. Zacks Investment Research raised shares of Allstate from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a report on Thursday, February 7th. ValuEngine raised shares of Allstate from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Wells Fargo & Co reissued a “hold” rating and issued a $94.00 price target on shares of Allstate in a report on Tuesday, March 12th. William Blair raised shares of Allstate from an “underperform” rating to a “market perform” rating in a report on Wednesday, February 6th. Finally, Argus cut their price target on shares of Allstate from $115.00 to $106.00 and set a “buy” rating for the company in a report on Wednesday, November 28th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $100.73.
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The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home insurance; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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