Meadow Creek Investment Management LLC raised its stake in Allstate Corp (NYSE:ALL) by 77.4% in the 4th quarter, Holdings Channel reports. The firm owned 135,796 shares of the insurance provider’s stock after buying an additional 59,228 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Allstate were worth $14,219,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Rational Advisors LLC purchased a new stake in shares of Allstate in the fourth quarter worth approximately $126,000. Taylor Hoffman Wealth Management purchased a new stake in shares of Allstate in the fourth quarter worth approximately $131,000. Financial Engines Advisors L.L.C. purchased a new stake in shares of Allstate in the third quarter worth approximately $116,000. Resources Investment Advisors Inc. raised its stake in shares of Allstate by 71.1% in the fourth quarter. Resources Investment Advisors Inc. now owns 1,340 shares of the insurance provider’s stock worth $140,000 after purchasing an additional 557 shares during the last quarter. Finally, Prentiss Smith & Co. Inc. purchased a new stake in shares of Allstate in the fourth quarter worth approximately $143,000. 75.88% of the stock is owned by hedge funds and other institutional investors.
Shares of Allstate Corp (NYSE ALL) opened at $94.85 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.25 and a quick ratio of 0.25. Allstate Corp has a 52-week low of $79.09 and a 52-week high of $105.36. The stock has a market capitalization of $34,038.61, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 1.38 and a beta of 1.00.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 5th will be issued a $0.46 dividend. This is a positive change from Allstate’s previous quarterly dividend of $0.37. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, March 2nd. Allstate’s dividend payout ratio (DPR) is presently 21.98%.
Several analysts have recently commented on ALL shares. 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 raised Allstate from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a research report on Wednesday, January 3rd. Wells Fargo & Co downgraded Allstate from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 9th. Morgan Stanley reaffirmed an “equal weight” rating and set a $105.00 price target (down from $113.00) on shares of Allstate in a research report on Wednesday, February 21st. Finally, ValuEngine raised Allstate from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $99.00.
ILLEGAL ACTIVITY WARNING: “Meadow Creek Investment Management LLC Purchases 59,228 Shares of Allstate Corp (ALL)” was originally published by Ticker Report and is the property of of Ticker Report. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/3260008/meadow-creek-investment-management-llc-purchases-59228-shares-of-allstate-corp-all.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.
Want to see what other hedge funds are holding ALL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allstate Corp (NYSE:ALL).
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.