Eastern Bank increased its holdings in shares of Allstate Corp (NYSE:ALL) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 131,734 shares of the insurance provider’s stock after buying an additional 1,798 shares during the quarter. Eastern Bank’s holdings in Allstate were worth $13,793,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of ALL. Arrow Financial Corp raised its stake in Allstate by 100.0% during the 3rd quarter. Arrow Financial Corp now owns 1,106 shares of the insurance provider’s stock worth $102,000 after buying an additional 553 shares during the period. IHT Wealth Management LLC raised its stake in Allstate by 46.6% during the 2nd quarter. IHT Wealth Management LLC now owns 1,275 shares of the insurance provider’s stock worth $113,000 after buying an additional 405 shares during the period. Financial Engines Advisors L.L.C. acquired a new stake in Allstate during the 3rd quarter worth $116,000. Baker Ellis Asset Management LLC acquired a new stake in Allstate during the 3rd quarter worth $120,000. Finally, Synovus Financial Corp acquired a new stake in Allstate during the 3rd quarter worth $137,000. 76.58% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently commented on the company. Keefe, Bruyette & Woods downgraded Allstate from a “market perform” rating to an “underperform” rating in a research note on Tuesday, January 2nd. Zacks Investment Research downgraded Allstate from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Goldman Sachs Group assumed coverage on Allstate in a research note on Monday, December 4th. They set a “neutral” rating and a $104.00 price objective on the stock. Wells Fargo & Co downgraded Allstate from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 9th. Finally, UBS Group raised their price objective on Allstate from $93.00 to $102.00 and gave the stock a “neutral” rating in a research note on Monday, November 6th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. Allstate presently has a consensus rating of “Hold” and a consensus price target of $96.43.
Allstate Corp (NYSE ALL) traded down $0.30 on Monday, hitting $103.70. The company’s stock had a trading volume of 1,548,900 shares, compared to its average volume of 2,199,085. Allstate Corp has a 1 year low of $73.96 and a 1 year high of $105.36. The firm has a market cap of $37,220.00, a P/E ratio of 14.40, a price-to-earnings-growth ratio of 1.54 and a beta of 1.12. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.26 and a quick ratio of 0.26.
Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.01). Allstate had a net margin of 7.32% and a return on equity of 13.11%. The firm had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same period in the prior year, the business earned $1.26 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. research analysts expect that Allstate Corp will post 6.16 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 30th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Wednesday, November 29th. Allstate’s dividend payout ratio is 20.56%.
In other news, 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 value of $12,907,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Suren Gupta sold 103,242 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $98.68, for a total value of $10,187,920.56. The disclosure for this sale can be found here. Insiders sold a total of 432,242 shares of company stock worth $42,827,931 in the last three months. Company insiders own 1.50% of the company’s stock.
TRADEMARK VIOLATION WARNING: This report was originally published by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this report on another domain, it was copied illegally and reposted in violation of international trademark & copyright laws. The correct version of this report can be read at https://www.truebluetribune.com/2018/01/22/allstate-corp-all-shares-bought-by-eastern-bank.html.
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.
Receive News & Ratings for Allstate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate and related companies with MarketBeat.com's FREE daily email newsletter.