Nisa Investment Advisors LLC lowered its holdings in Allstate Corp (NYSE:ALL) by 1.2% in the fourth quarter, HoldingsChannel reports. The firm owned 186,865 shares of the insurance provider’s stock after selling 2,238 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Allstate were worth $19,567,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. Bath Savings Trust Co bought a new position in Allstate in the fourth quarter valued at $209,000. Atalanta Sosnoff Capital LLC grew its position in Allstate by 86.5% in the fourth quarter. Atalanta Sosnoff Capital LLC now owns 611,347 shares of the insurance provider’s stock valued at $64,015,000 after purchasing an additional 283,615 shares in the last quarter. Atlantic Trust Group LLC grew its position in Allstate by 7.3% in the third quarter. Atlantic Trust Group LLC now owns 51,537 shares of the insurance provider’s stock valued at $4,736,000 after purchasing an additional 3,495 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in Allstate in the third quarter valued at $519,000. Finally, Americafirst Capital Management LLC bought a new position in Allstate in the third quarter valued at $138,000. 76.43% of the stock is owned by institutional investors and hedge funds.
Shares of Allstate Corp (ALL) opened at $102.11 on Friday. 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 stock has a market cap of $36,162.48, a PE ratio of 14.18, a PEG ratio of 1.52 and a beta of 1.12. Allstate Corp has a 12 month low of $73.13 and a 12 month high of $105.36.
The business 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. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Wednesday, November 29th. Allstate’s dividend payout ratio is presently 20.56%.
ALL has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Allstate from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research note on Tuesday, December 12th. Citigroup cut their price target on shares of Allstate from $107.00 to $106.00 and set a “buy” rating for the company in a research note on Monday, October 2nd. Wells Fargo & Co set a $110.00 price target on shares of Allstate and gave the company a “buy” rating in a research note on Thursday, November 16th. B. Riley reiterated a “neutral” rating on shares of Allstate in a research note on Monday, November 6th. Finally, Goldman Sachs Group initiated coverage on shares of Allstate in a research note on Monday, December 4th. They issued a “neutral” rating and a $104.00 price target for the company. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $96.43.
In other news, EVP Susan L. Lees sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $100.49, for a total transaction of $401,960.00. Following the completion of the sale, the executive vice president now owns 24,341 shares in the company, valued at approximately $2,446,027.09. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Thomas J. Wilson sold 130,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $99.29, for a total transaction of $12,907,700.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 432,242 shares of company stock valued at $42,827,931. 1.58% of the stock is currently owned by corporate insiders.
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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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