Rainier Group Investment Advisory LLC Purchases New Stake in Allstate Corporation (The) (ALL)

Rainier Group Investment Advisory LLC acquired a new position in Allstate Corporation (The) (NYSE:ALL) during the fourth quarter, Holdings Channel reports. The firm acquired 2,858 shares of the company’s stock, valued at approximately $212,000.

A number of other institutional investors have also recently made changes to their positions in the company. Macquarie Group Ltd. increased its stake in shares of Allstate Corporation (The) by 2.9% in the second quarter. Macquarie Group Ltd. now owns 10,458,406 shares of the company’s stock valued at $731,566,000 after buying an additional 296,985 shares in the last quarter. Boston Partners increased its position in shares of Allstate Corporation (The) by 0.6% in the third quarter. Boston Partners now owns 9,515,049 shares of the company’s stock worth $658,251,000 after buying an additional 59,779 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Allstate Corporation (The) by 14.6% in the second quarter. Bank of New York Mellon Corp now owns 6,355,789 shares of the company’s stock worth $444,586,000 after buying an additional 811,752 shares during the last quarter. Northern Trust Corp increased its position in shares of Allstate Corporation (The) by 18.8% in the third quarter. Northern Trust Corp now owns 6,163,038 shares of the company’s stock worth $426,360,000 after buying an additional 973,808 shares during the last quarter. Finally, BlackRock Fund Advisors increased its position in shares of Allstate Corporation (The) by 4.3% in the third quarter. BlackRock Fund Advisors now owns 4,849,410 shares of the company’s stock worth $335,482,000 after buying an additional 198,027 shares during the last quarter. Institutional investors own 76.44% of the company’s stock.

Institutional Ownership by Quarter for Allstate Corporation (The) (NYSE:ALL)

Allstate Corporation (NYSE:ALL) opened at 79.80 on Wednesday. The stock has a market capitalization of $29.21 billion, a price-to-earnings ratio of 17.09 and a beta of 0.96. Allstate Corporation has a 1-year low of $62.78 and a 1-year high of $79.82. The firm’s 50-day moving average is $75.49 and its 200 day moving average is $71.01.

Allstate Corporation (The) (NYSE:ALL) last posted its quarterly earnings data on Wednesday, February 1st. The company reported $2.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.54. Allstate Corporation (The) had a return on equity of 10.21% and a net margin of 5.14%. The company had revenue of $9.30 billion for the quarter, compared to analysts’ expectations of $7.74 billion. During the same period in the previous year, the firm posted $1.60 EPS. Allstate Corporation (The)’s revenue was up 2.8% compared to the same quarter last year. Equities analysts anticipate that Allstate Corporation will post $6.22 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Tuesday, February 28th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, February 24th. This is a positive change from Allstate Corporation (The)’s previous quarterly dividend of $0.33. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.85%. Allstate Corporation (The)’s payout ratio is currently 28.09%.

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Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Allstate Corporation (The) from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research report on Monday, February 6th. Credit Suisse Group reaffirmed a “hold” rating and set a $80.00 target price on shares of Allstate Corporation (The) in a report on Sunday, February 5th. FBR & Co reiterated a “hold” rating on shares of Allstate Corporation (The) in a research report on Thursday, February 2nd. Goldman Sachs Group, Inc. (The) upgraded shares of Allstate Corporation (The) from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $71.00 to $82.00 in a research note on Tuesday, January 10th. Finally, Barclays PLC reissued a “buy” rating and set a $83.00 price objective on shares of Allstate Corporation (The) in a research report on Monday, January 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $80.00.

In other Allstate Corporation (The) news, Director Judith A. Sprieser sold 8,000 shares of the firm’s stock in a transaction on Friday, December 16th. The stock was sold at an average price of $73.81, for a total value of $590,480.00. Following the completion of the sale, the director now directly owns 5,244 shares of the company’s stock, valued at approximately $387,059.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Thomas J. Wilson sold 22,605 shares of the firm’s stock in a transaction on Friday, December 16th. The stock was sold at an average price of $74.09, for a total value of $1,674,804.45. The disclosure for this sale can be found here. Insiders sold 158,531 shares of company stock worth $11,738,936 over the last ninety days. Corporate insiders own 1.58% of the company’s stock.

About Allstate Corporation (The)

The Allstate Corporation is a holding company for Allstate Insurance Company. The Company and its subsidiaries, including Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries (collectively, Allstate) are engaged in the property-liability insurance and life insurance business.

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