Allstate Corp (ALL) Position Cut by Butensky & Cohen Financial Security Inc.

Butensky & Cohen Financial Security Inc. cut its position in Allstate Corp (NYSE:ALL) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,831 shares of the insurance provider’s stock after selling 1,489 shares during the period. Allstate makes up 1.6% of Butensky & Cohen Financial Security Inc.’s holdings, making the stock its 27th largest position. Butensky & Cohen Financial Security Inc.’s holdings in Allstate were worth $1,972,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ALL. Arrow Financial Corp increased its holdings in shares of Allstate by 100.0% in the third quarter. Arrow Financial Corp now owns 1,106 shares of the insurance provider’s stock valued at $102,000 after purchasing an additional 553 shares during the period. Sandy Spring Bank increased its holdings in shares of Allstate by 2.5% in the second quarter. Sandy Spring Bank now owns 1,165 shares of the insurance provider’s stock valued at $103,000 after purchasing an additional 28 shares during the period. IHT Wealth Management LLC increased its holdings in shares of Allstate by 46.6% in the second quarter. IHT Wealth Management LLC now owns 1,275 shares of the insurance provider’s stock valued at $113,000 after purchasing an additional 405 shares during the period. Financial Engines Advisors L.L.C. acquired a new position in shares of Allstate in the third quarter valued at about $116,000. Finally, Baker Ellis Asset Management LLC acquired a new position in shares of Allstate in the third quarter valued at about $120,000. 76.56% of the stock is currently owned by institutional investors and hedge funds.

In other Allstate news, EVP Susan L. Lees sold 4,000 shares of the 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 in the company, valued at $2,446,027.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas J. Wilson sold 130,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $99.29, for a total value of $12,907,700.00. The disclosure for this sale can be found here. Insiders have sold 432,242 shares of company stock worth $42,827,931 in the last quarter. 1.58% of the stock is currently owned by company insiders.

A number of research analysts have recently weighed in on the company. Wells Fargo & Co lowered Allstate from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 9th. Zacks Investment Research upgraded Allstate from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research note on Wednesday, January 3rd. Keefe, Bruyette & Woods downgraded Allstate from a “market perform” rating to an “underperform” rating in a research note on Tuesday, January 2nd. Goldman Sachs Group initiated coverage on Allstate in a research note on Monday, December 4th. They issued a “neutral” rating and a $104.00 target price on the stock. Finally, B. Riley restated 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 issued a hold rating and four have issued a buy rating to the company. Allstate currently has a consensus rating of “Hold” and a consensus target price of $96.43.

Shares of Allstate Corp (NYSE ALL) traded up $1.81 during mid-day trading on Thursday, reaching $103.94. The company’s stock had a trading volume of 1,765,300 shares, compared to its average volume of 2,193,582. The stock has a market capitalization of $36,646.90, a P/E ratio of 14.44, a P/E/G ratio of 1.54 and a beta of 1.12. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.31. Allstate Corp has a 52 week low of $73.90 and a 52 week high of $105.36.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.01). The business had revenue of $8.12 billion for the quarter, compared to analysts’ expectations of $8.07 billion. Allstate had a return on equity of 13.11% and a net margin of 7.32%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 EPS. equities research analysts anticipate that Allstate Corp will post 6.15 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 30th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $1.48 dividend on an annualized basis and a yield of 1.42%. Allstate’s dividend payout ratio is currently 20.56%.

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Allstate Company Profile

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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