Janus Henderson Group PLC lifted its stake in Allstate Corporation (The) (NYSE:ALL) by 38.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,169,021 shares of the insurance provider’s stock after buying an additional 872,370 shares during the period. Janus Henderson Group PLC owned approximately 0.88% of Allstate worth $291,264,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Arrow Financial Corp boosted its position in shares of Allstate by 100.0% in the third quarter. Arrow Financial Corp now owns 1,106 shares of the insurance provider’s stock worth $102,000 after buying an additional 553 shares during the period. Sandy Spring Bank boosted its position in shares of Allstate by 2.5% in the second quarter. Sandy Spring Bank now owns 1,165 shares of the insurance provider’s stock worth $103,000 after buying an additional 28 shares during the period. Jackson Grant Investment Advisers Inc. boosted its position in shares of Allstate by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,216 shares of the insurance provider’s stock worth $108,000 after buying an additional 5 shares during the period. IHT Wealth Management LLC boosted its position in shares of Allstate by 46.6% in the second quarter. IHT Wealth Management LLC now owns 1,275 shares of the insurance provider’s stock worth $113,000 after buying an additional 405 shares during the period. Finally, Financial Engines Advisors L.L.C. purchased a new stake in shares of Allstate in the third quarter worth about $116,000. 76.33% of the stock is owned by institutional investors.
Allstate Corporation (ALL) opened at $102.50 on Friday. The company has a market capitalization of $36,779.66, a PE ratio of 15.10, a P/E/G ratio of 1.97 and a beta of 1.12. Allstate Corporation has a 1-year low of $71.51 and a 1-year high of $104.10. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.31.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Wednesday, November 29th. Allstate’s payout ratio is currently 20.56%.
ALL has been the subject of several analyst reports. Zacks Investment Research raised Allstate from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. UBS increased their price target on Allstate from $93.00 to $102.00 and gave the company a “neutral” rating in a report on Monday, November 6th. Citigroup reduced their price target on Allstate from $107.00 to $106.00 and set a “buy” rating for the company in a report on Monday, October 2nd. Goldman Sachs Group initiated coverage on Allstate in a report on Monday, December 4th. They issued a “neutral” rating and a $104.00 price target for the company. Finally, Credit Suisse Group increased their price target on Allstate from $91.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $95.08.
In other Allstate news, EVP Susan L. Lees sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $100.49, for a total transaction of $401,960.00. Following the sale, the executive vice president now owns 24,341 shares in the company, valued at $2,446,027.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas J. Wilson sold 130,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $99.29, for a total value of $12,907,700.00. The disclosure for this sale can be found here. Insiders have sold 432,242 shares of company stock worth $42,827,931 in the last 90 days. 1.58% of the stock is currently owned by insiders.
Allstate Company Profile
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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