NN Investment Partners Holdings N.V. decreased its position in shares of The Allstate Co. (NYSE:ALL) by 3.0% during the third quarter, Holdings Channel.com reports. The fund owned 91,165 shares of the insurance provider’s stock after selling 2,825 shares during the quarter. NN Investment Partners Holdings N.V.’s holdings in Allstate were worth $11,605,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently modified their holdings of the company. Selective Wealth Management Inc. bought a new stake in shares of Allstate during the 3rd quarter valued at $25,000. US Asset Management LLC bought a new stake in Allstate during the third quarter valued at about $29,000. Wagner Wealth Management LLC purchased a new position in shares of Allstate in the second quarter valued at about $31,000. Heritage Wealth Management LLC boosted its stake in shares of Allstate by 88.9% in the second quarter. Heritage Wealth Management LLC now owns 255 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 120 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Allstate during the second quarter worth about $35,000. 74.84% of the stock is currently owned by institutional investors and hedge funds.
ALL has been the topic of several research analyst reports. The Goldman Sachs Group assumed coverage on shares of Allstate in a report on Monday, November 22nd. They issued a “sell” rating and a $106.00 target price on the stock. Morgan Stanley increased their price target on Allstate from $123.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday. Raymond James downgraded Allstate from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $150.00 to $140.00 in a research note on Thursday, November 4th. Barclays cut their target price on shares of Allstate from $123.00 to $119.00 and set an “equal weight” rating for the company in a report on Thursday, January 6th. Finally, Zacks Investment Research raised shares of Allstate from a “sell” rating to a “hold” rating and set a $132.00 price target on the stock in a research note on Monday, January 10th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Allstate currently has a consensus rating of “Hold” and a consensus target price of $131.33.
Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, November 3rd. The insurance provider reported $0.73 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.89). The business had revenue of $12.38 billion during the quarter. Allstate had a net margin of 6.87% and a return on equity of 19.68%. During the same period in the prior year, the company posted $2.94 EPS. Sell-side analysts anticipate that The Allstate Co. will post 13.53 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, January 3rd. Stockholders of record on Tuesday, November 30th were issued a $0.81 dividend. The ex-dividend date was Monday, November 29th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.61%. Allstate’s dividend payout ratio is presently 29.94%.
Allstate Company Profile
The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. It operates through following business segments: Allstate Protection, Protection Services, Allstate Life, Allstate Benefits, Allstate Annuities, Discontinued Lines and Coverages, and Corporate and Other.
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