Arrowstreet Capital Limited Partnership cut its stake in Allstate Corp (NYSE:ALL) by 28.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,423,921 shares of the insurance provider’s stock after selling 570,145 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Allstate were worth $149,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Canada Pension Plan Investment Board grew its position in shares of Allstate by 3.1% in the third quarter. Canada Pension Plan Investment Board now owns 491,833 shares of the insurance provider’s stock valued at $45,204,000 after purchasing an additional 14,700 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Allstate by 2.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 85,160 shares of the insurance provider’s stock valued at $7,860,000 after purchasing an additional 1,700 shares in the last quarter. Aperio Group LLC lifted its holdings in Allstate by 16.4% in the third quarter. Aperio Group LLC now owns 410,026 shares of the insurance provider’s stock valued at $37,685,000 after acquiring an additional 57,713 shares during the last quarter. Regentatlantic Capital LLC lifted its holdings in Allstate by 0.9% in the fourth quarter. Regentatlantic Capital LLC now owns 126,437 shares of the insurance provider’s stock valued at $13,239,000 after acquiring an additional 1,176 shares during the last quarter. Finally, Atalanta Sosnoff Capital LLC lifted its holdings 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 acquiring an additional 283,615 shares during the last quarter. Institutional investors and hedge funds own 76.65% of the company’s stock.
Allstate Corp (NYSE:ALL) opened at $95.04 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.26 and a current ratio of 0.25. Allstate Corp has a 52 week low of $79.09 and a 52 week high of $105.36. The company has a market capitalization of $34,100.00, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 1.36 and a beta of 0.96.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.94%. This is a boost from Allstate’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, March 2nd. Allstate’s dividend payout ratio is 17.68%.
A number of research analysts recently commented on the company. Wells Fargo & Co reiterated a “buy” rating and issued a $105.00 price objective on shares of Allstate in a report on Thursday, November 2nd. Deutsche Bank decreased their price objective on Allstate from $102.00 to $100.00 and set a “hold” rating on the stock in a report on Friday, February 9th. ValuEngine upgraded Allstate from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Credit Suisse Group upped their price objective on Allstate from $91.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded Allstate from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a report on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $97.33.
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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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