Allstate Corp (ALL) Stake Lessened by Rothschild & Co. Asset Management US Inc.

Rothschild & Co. Asset Management US Inc. cut its holdings in Allstate Corp (NYSE:ALL) by 1.6% during the 4th quarter, Holdings Channel reports. The firm owned 317,762 shares of the insurance provider’s stock after selling 5,254 shares during the period. Rothschild & Co. Asset Management US Inc.’s holdings in Allstate were worth $26,257,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ALL. LSV Asset Management boosted its holdings in Allstate by 2.4% in the fourth quarter. LSV Asset Management now owns 5,650,351 shares of the insurance provider’s stock worth $466,888,000 after purchasing an additional 130,257 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in Allstate by 7.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 58,890 shares of the insurance provider’s stock worth $4,866,000 after buying an additional 3,862 shares during the period. Daiwa Securities Group Inc. raised its stake in Allstate by 2.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 15,309 shares of the insurance provider’s stock worth $1,265,000 after buying an additional 300 shares during the period. CIBC Private Wealth Group LLC grew its holdings in shares of Allstate by 0.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 49,884 shares of the insurance provider’s stock valued at $4,120,000 after acquiring an additional 405 shares in the last quarter. Finally, Savant Capital LLC lifted its position in shares of Allstate by 5.0% during the fourth quarter. Savant Capital LLC now owns 8,684 shares of the insurance provider’s stock worth $718,000 after acquiring an additional 416 shares in the last quarter. Institutional investors own 78.05% of the company’s stock.

NYSE:ALL opened at $92.91 on Wednesday. The firm has a market capitalization of $31.85 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 1.20 and a beta of 0.82. Allstate Corp has a 1 year low of $77.00 and a 1 year high of $102.73. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.27 and a quick ratio of 0.26.

Allstate (NYSE:ALL) last released its quarterly earnings data on Tuesday, February 5th. The insurance provider reported $1.24 EPS for the quarter, beating the consensus estimate of $1.01 by $0.23. The business had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.66 billion. Allstate had a net margin of 5.66% and a return on equity of 14.00%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.09 EPS. On average, equities research analysts predict that Allstate Corp will post 9.24 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Thursday, February 28th will be paid a dividend of $0.50 per share. This is an increase from Allstate’s previous quarterly dividend of $0.46. This represents a $2.00 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Wednesday, February 27th. Allstate’s payout ratio is presently 22.80%.

Several analysts have commented on ALL shares. ValuEngine upgraded shares of Allstate from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. William Blair upgraded shares of Allstate from an “underperform” rating to a “market perform” rating in a report on Wednesday, February 6th. Wells Fargo & Co set a $100.00 price target on shares of Allstate and gave the stock a “hold” rating in a research note on Thursday, December 13th. Argus cut their target price on Allstate from $115.00 to $106.00 and set a “buy” rating on the stock in a research note on Wednesday, November 28th. Finally, Citigroup lowered their target price on Allstate from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Allstate currently has an average rating of “Hold” and a consensus price target of $101.27.

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Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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