Allstate Corp (ALL) Holdings Cut by Exxonmobil Investment Management Inc. TX

Exxonmobil Investment Management Inc. TX lowered its stake in shares of Allstate Corp (NYSE:ALL) by 13.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,055 shares of the insurance provider’s stock after selling 8,935 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Allstate were worth $5,974,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Atlantic Trust Group LLC boosted its holdings in Allstate by 7.3% during the third quarter. Atlantic Trust Group LLC now owns 51,537 shares of the insurance provider’s stock worth $4,736,000 after buying an additional 3,495 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in Allstate during the third quarter worth about $519,000. Americafirst Capital Management LLC bought a new position in Allstate during the third quarter worth about $138,000. Dana Investment Advisors Inc. boosted its holdings in Allstate by 22.8% during the third quarter. Dana Investment Advisors Inc. now owns 2,838 shares of the insurance provider’s stock worth $261,000 after buying an additional 526 shares during the last quarter. Finally, Piedmont Investment Advisors LLC lifted its holdings in shares of Allstate by 1.2% during the 3rd quarter. Piedmont Investment Advisors LLC now owns 104,197 shares of the insurance provider’s stock valued at $9,577,000 after purchasing an additional 1,197 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

In related news, EVP Susan L. Lees sold 4,000 shares of Allstate stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $100.49, for a total value of $401,960.00. Following the sale, the executive vice president now owns 24,341 shares of the company’s stock, valued at approximately $2,446,027.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Thomas J. Wilson sold 195,000 shares of Allstate stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $99.13, for a total value of $19,330,350.00. The disclosure for this sale can be found here. In the last three months, insiders sold 432,242 shares of company stock worth $42,827,931. 1.50% of the stock is owned by insiders.

Several equities analysts have recently weighed in on ALL shares. Zacks Investment Research upgraded Allstate from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. UBS Group lifted their price objective on Allstate from $93.00 to $102.00 and gave the company a “neutral” rating in a report on Monday, November 6th. Citigroup cut their price objective on Allstate from $107.00 to $106.00 and set a “buy” rating on the stock in a report on Monday, October 2nd. Keefe, Bruyette & Woods cut Allstate from a “market perform” rating to an “underperform” rating in a report on Tuesday, January 2nd. Finally, Goldman Sachs Group started coverage on Allstate in a report on Monday, December 4th. They set a “neutral” rating and a $104.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. Allstate has an average rating of “Hold” and a consensus price target of $96.43.

Allstate Corp (NYSE:ALL) opened at $100.94 on Wednesday. Allstate Corp has a 1-year low of $73.13 and a 1-year high of $105.36. The firm has a market capitalization of $36,220.00, a PE ratio of 14.02, a PEG ratio of 1.62 and a beta of 1.12. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.31.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.01). Allstate had a net margin of 7.32% and a return on equity of 13.11%. The firm had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same period in the prior year, the business posted $1.26 EPS. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. analysts forecast that Allstate Corp will post 6.16 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Thursday, November 30th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Wednesday, November 29th. Allstate’s dividend payout ratio is presently 20.56%.

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About Allstate

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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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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