QS Investors LLC trimmed its position in shares of Allstate Corp (NYSE:ALL) by 3.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 99,931 shares of the insurance provider’s stock after selling 3,585 shares during the period. QS Investors LLC’s holdings in Allstate were worth $10,464,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the business. Deutsche Bank AG boosted its stake in Allstate by 56.0% during the 4th quarter. Deutsche Bank AG now owns 798,784 shares of the insurance provider’s stock valued at $83,635,000 after purchasing an additional 286,842 shares during the period. Kemnay Advisory Services Inc. acquired a new position in Allstate during the 4th quarter valued at about $1,308,000. Brandywine Global Investment Management LLC boosted its stake in Allstate by 10.6% during the 4th quarter. Brandywine Global Investment Management LLC now owns 411,082 shares of the insurance provider’s stock valued at $43,045,000 after purchasing an additional 39,380 shares during the period. Advisor Group Inc. boosted its stake in Allstate by 2.8% during the 4th quarter. Advisor Group Inc. now owns 32,737 shares of the insurance provider’s stock valued at $3,428,000 after purchasing an additional 880 shares during the period. Finally, Dynamic Capital Management Ltd boosted its stake in Allstate by 56.7% during the 4th quarter. Dynamic Capital Management Ltd now owns 10,719 shares of the insurance provider’s stock valued at $1,122,000 after purchasing an additional 3,878 shares during the period. 75.36% of the stock is owned by hedge funds and other institutional investors.
Shares of Allstate Corp (ALL) opened at $96.03 on Friday. Allstate Corp has a 52-week low of $79.09 and a 52-week high of $105.36. The company has a market cap of $34,038.60, a PE ratio of 11.47, a price-to-earnings-growth ratio of 1.38 and a beta of 1.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.25 and a current ratio of 0.25.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 5th will be issued a $0.46 dividend. This is an increase from Allstate’s previous quarterly dividend of $0.37. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Friday, March 2nd. Allstate’s payout ratio is presently 21.98%.
A number of research firms have issued reports on ALL. Citigroup reduced their target price on shares of Allstate from $118.00 to $111.00 and set a “buy” rating for the company in a research note on Friday, February 16th. Wells Fargo & Co set a $100.00 target price on shares of Allstate and gave the company a “hold” rating in a research note on Thursday, February 8th. Argus reissued a “buy” rating and set a $110.00 target price on shares of Allstate in a research note on Wednesday, February 21st. Zacks Investment Research raised shares of Allstate from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research note on Tuesday, December 12th. Finally, Bank of America reduced their target price on shares of Allstate from $116.00 to $111.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $99.00.
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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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