The Brazilian National Association Bremer Trust increased its stake in Allstate Corp (NYSE: ALL) by 7.8% in the fourth quarter. This emerges from his recent filing with Form 13F at the Securities and Exchange Commission. The company held 25,525 shares of the insurance company after acquiring another 1,851 shares during the quarter. Bremer Trust National Association's stake in Allstate was $ 2,110,000 after its recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently changed their positions in the business. Ipswich Investment Management Co. Inc. acquired a new stake in Allstate shares worth approximately $ 25,000 in the fourth quarter. 1 North Wealth Services LLC acquired a new position in Allstate shares worth approximately $ 25,000 in the fourth quarter. We Are One Seven LLC has acquired a new position in Allstate shares worth approximately $ 27,000 in the fourth quarter. The Oregon Public Employees pension fund increased its stake in Allstate shares by 8,063.9% in the fourth quarter. Oregon Public Employees' pension fund now owns 3,165,142 shares of the insurance company worth $ 38,000 after having acquired a further 3,126,372 shares during the period. Finally, NuWave Investment Management LLC increased its stake in Allstate by 870.8% in the fourth quarter. NuWave Investment Management LLC now owns 466 shares of the insurance company worth $ 39,000 after a further 418 shares were acquired during the period. Institutional investors hold 78.82% of the company's stock.
ALL was recently featured in several analyst reports. Wells Fargo & Co set a target price of $ 100 for Allstate shares and rated the company on Thursday, December 13, in a Research Note with "Hold." Edward Jones raised Allstate's stock on Tuesday, December 11, in a research note from a sell rating to a hold rating. ValuEngine Allstate downgraded Wednesday, January 2, in a research note from a hold rating to a sell rating. Compass Point began reporting on Allstate shares on Tuesday, January 15, in a research note. They put a buy recommendation and a target price of $ 114.00 for the stock. Finally, Credit Suisse Group lowered its price target for Allstate's stock from $ 112.00 to $ 93.00 and placed a buy recommendation on Thursday, December 20, in a Research Note. Eight stock analysts rated the stock with a hold rating and six gave the stock a buy rating. Allstate currently has an average rating of "Hold" and a consensus target of $ 100.73.
Shares of Allstate inventory traded at $ 0.30 during trading hours on Thursday, reaching $ 93.85. The company's stock had a trading volume of 1,796,633 shares compared to an average volume of 2,364,325 shares. Allstate Corp. has an annual low of $ 77.00 and a one-year high of $ 102.73. The company has a market capitalization of $ 31.23 billion, a P / E ratio of 11.63, a PEG ratio of 1.22, and a beta of 0.82. The company has a fast ratio of 0.27, a current ratio of 0.27 and a leverage ratio of 0.33.
Allstate (NYSE: ALL) released its quarterly earnings data on Tuesday, February 5. The insurer reported earnings of $ 1.24 per share (EPS) for the quarter, exceeding the consensus estimate of $ 1.01 by $ 0.23. Allstate had a net margin of 5.66% and a return on equity of 14.00%. The Company generated $ 8.71 billion in revenue for the quarter, compared to an analyst estimate of $ 8.66 billion. In the same quarter last year, the company posted a profit of $ 2.09 per share. The quarterly sales of the business increased by 6.2% compared to the same quarter of the previous year. On average, analysts expect Allstate Corp to earn EPS 9.28 in the current fiscal year.
The company also recently approved a quarterly dividend, which will be paid on Monday, April 1. Investors who set a record on Thursday, February 28, will receive a dividend of $ 0.50 per share. This equates to a dividend of $ 2.00 on an annualized basis and a return of 2.13%. This is a positive change from Allstate's previous quarterly dividend of $ 0.46. The ex-dividend date is February 27th. The payout ratio (DPR) of Allstate is currently 24.78%.
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Through its subsidiaries, Allstate Corporation offers property and casualty insurance products and other insurance products in the United States and Canada. The company operates in the Allstate Protection, Service Business, Allstate Life and Allstate Benefits businesses. The Allstate Protection segment offers private car and homeowner insurance. Specialty products for motor vehicles, including motorcycle, trailer, motorhome and off-road motor vehicle insurance; other personal items such as tenant, condo, landlord, boat, umbrella and home insurance; and line products under the brand names Allstate, Esurance and Encompass.
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