Investors purchased shares of Allstate Corp (NYSE:ALL) on weakness during trading on Monday. $52.64 million flowed into the stock on the tick-up and $23.00 million flowed out of the stock on the tick-down, for a money net flow of $29.64 million into the stock. Of all companies tracked, Allstate had the 20th highest net in-flow for the day. Allstate traded down ($1.18) for the day and closed at $94.85
A number of brokerages have recently commented on ALL. Keefe, Bruyette & Woods cut shares of Allstate from a “market perform” rating to an “underperform” rating in a research note on Tuesday, January 2nd. Zacks Investment Research cut shares of Allstate from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Goldman Sachs Group assumed coverage on shares of Allstate in a research note on Monday, December 4th. They issued a “neutral” rating and a $104.00 price target on the stock. Wells Fargo & Co cut shares of Allstate from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 9th. Finally, ValuEngine raised shares of Allstate from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $99.00.
The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $33,620.35, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 1.37 and a beta of 1.00.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be issued a $0.46 dividend. The ex-dividend date is Friday, March 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 1.91%. This is a positive change from Allstate’s previous quarterly dividend of $0.37. Allstate’s dividend payout ratio (DPR) is presently 21.98%.
A number of hedge funds have recently made changes to their positions in ALL. Rothschild Investment Corp IL raised its holdings in shares of Allstate by 4.1% during the 4th quarter. Rothschild Investment Corp IL now owns 12,996 shares of the insurance provider’s stock worth $1,361,000 after acquiring an additional 516 shares during the period. Dana Investment Advisors Inc. raised its holdings in shares of Allstate by 22.8% during the 3rd quarter. Dana Investment Advisors Inc. now owns 2,838 shares of the insurance provider’s stock worth $261,000 after acquiring an additional 526 shares during the period. BKD Wealth Advisors LLC raised its holdings in shares of Allstate by 20.8% during the 4th quarter. BKD Wealth Advisors LLC now owns 3,056 shares of the insurance provider’s stock worth $320,000 after acquiring an additional 526 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of Allstate by 10.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 5,523 shares of the insurance provider’s stock worth $579,000 after acquiring an additional 529 shares during the period. Finally, Thrivent Financial For Lutherans raised its holdings in shares of Allstate by 2.6% during the 4th quarter. Thrivent Financial For Lutherans now owns 21,709 shares of the insurance provider’s stock worth $2,273,000 after acquiring an additional 543 shares during the period. Institutional investors own 75.88% of the company’s stock.
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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.
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