Hancock Whitney Corp cut its stake in shares of Allstate Corp (NYSE:ALL) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,895 shares of the insurance provider’s stock after selling 4,996 shares during the period. Hancock Whitney Corp’s holdings in Allstate were worth $13,460,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in Allstate by 44.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,837,117 shares of the insurance provider’s stock worth $181,324,000 after acquiring an additional 561,747 shares during the last quarter. MML Investors Services LLC lifted its position in Allstate by 44.0% in the 3rd quarter. MML Investors Services LLC now owns 10,428 shares of the insurance provider’s stock worth $1,029,000 after buying an additional 3,185 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in Allstate by 127.2% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,637 shares of the insurance provider’s stock worth $458,000 after buying an additional 2,596 shares during the last quarter. Hillsdale Investment Management Inc. lifted its position in Allstate by 4,200.0% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 4,300 shares of the insurance provider’s stock worth $425,000 after buying an additional 4,200 shares during the last quarter. Finally, Twin Tree Management LP bought a new stake in Allstate in the third quarter valued at approximately $278,000. Institutional investors and hedge funds own 78.59% of the company’s stock.
Shares of ALL stock opened at $94.51 on Friday. Allstate Corp has a 1-year low of $77.00 and a 1-year high of $102.73. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.33. The firm has a market cap of $31.40 billion, a P/E ratio of 11.71, a price-to-earnings-growth ratio of 1.20 and a beta of 0.82.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Thursday, February 28th will be issued a $0.50 dividend. This is a boost from Allstate’s previous quarterly dividend of $0.46. The ex-dividend date is Wednesday, February 27th. This represents a $2.00 dividend on an annualized basis and a yield of 2.12%. Allstate’s dividend payout ratio is presently 24.78%.
Several equities analysts have recently issued reports on the company. Wells Fargo & Co reissued a “hold” rating and set a $94.00 target price on shares of Allstate in a research note on Tuesday, March 12th. Zacks Investment Research cut Allstate from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 18th. William Blair raised Allstate from an “underperform” rating to a “market perform” rating in a report on Wednesday, February 6th. ValuEngine raised Allstate from a “sell” rating to a “hold” rating in a report on Tuesday, December 18th. Finally, Compass Point began coverage on Allstate in a report on Tuesday, January 15th. They set a “buy” rating and a $114.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Allstate presently has an average rating of “Hold” and a consensus target price of $100.73.
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The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home insurance; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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