Tokio Marine Asset Management Co. Ltd. Trims Stake in Allstate Corp (ALL)

Tokio Marine Asset Management Co. Ltd. trimmed its stake in shares of Allstate Corp (NYSE:ALL) by 27.8% during the fourth quarter, HoldingsChannel reports. The firm owned 2,406 shares of the insurance provider’s stock after selling 925 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Allstate were worth $252,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Boston Partners lifted its holdings in Allstate by 2.5% in the fourth quarter. Boston Partners now owns 8,921,194 shares of the insurance provider’s stock valued at $934,138,000 after buying an additional 215,195 shares during the period. Wells Fargo & Company MN lifted its holdings in Allstate by 11.1% in the third quarter. Wells Fargo & Company MN now owns 5,178,889 shares of the insurance provider’s stock valued at $475,991,000 after buying an additional 518,058 shares during the period. Ameriprise Financial Inc. lifted its holdings in Allstate by 22.4% in the third quarter. Ameriprise Financial Inc. now owns 4,210,943 shares of the insurance provider’s stock valued at $387,030,000 after buying an additional 769,761 shares during the period. APG Asset Management N.V. lifted its holdings in Allstate by 20.2% in the fourth quarter. APG Asset Management N.V. now owns 4,047,736 shares of the insurance provider’s stock valued at $352,963,000 after buying an additional 679,300 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Allstate by 13.2% in the fourth quarter. Bank of Montreal Can now owns 3,721,761 shares of the insurance provider’s stock valued at $389,706,000 after buying an additional 434,191 shares during the period. Institutional investors own 76.89% of the company’s stock.

Shares of Allstate Corp (ALL) opened at $90.89 on Friday. Allstate Corp has a 12 month low of $78.13 and a 12 month high of $105.36. The company has a quick ratio of 0.26, a current ratio of 0.25 and a debt-to-equity ratio of 0.31. The company has a market cap of $32,265.95, a P/E ratio of 10.86, a price-to-earnings-growth ratio of 1.34 and a beta of 0.97.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, February 7th. The insurance provider reported $2.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.56. Allstate had a net margin of 8.28% and a return on equity of 12.57%. The firm had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.09 billion. During the same quarter in the prior year, the firm earned $2.17 earnings per share. The business’s quarterly revenue was up 3.8% on a year-over-year basis. equities research analysts forecast that Allstate Corp will post 8.21 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Friday, March 2nd. This is an increase from Allstate’s previous quarterly dividend of $0.37. Allstate’s dividend payout ratio is presently 17.68%.

In other news, EVP Susan L. Lees sold 4,000 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $100.49, for a total transaction of $401,960.00. Following the completion of the sale, the executive vice president now owns 24,341 shares of the company’s stock, valued at $2,446,027.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.58% of the stock is currently owned by corporate insiders.

Several brokerages recently weighed in on ALL. Deutsche Bank cut their price objective on shares of Allstate from $102.00 to $100.00 and set a “hold” rating on the stock in a report on Friday. Bank of America cut their price objective on shares of Allstate from $116.00 to $111.00 and set a “buy” rating on the stock in a report on Thursday. Wells Fargo & Co set a $100.00 price objective on shares of Allstate and gave the company a “hold” rating in a report on Thursday. ValuEngine upgraded shares of Allstate from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research upgraded shares of Allstate from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a report on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $97.00.

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

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