Caxton Associates LP Sells 440 Shares of Allstate Corp (ALL)

Caxton Associates LP lessened its holdings in Allstate Corp (NYSE:ALL) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,305 shares of the insurance provider’s stock after selling 440 shares during the period. Caxton Associates LP’s holdings in Allstate were worth $604,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Ipswich Investment Management Co. Inc. purchased a new position in shares of Allstate during the fourth quarter valued at approximately $25,000. 1 North Wealth Services LLC purchased a new position in shares of Allstate during the fourth quarter valued at approximately $25,000. We Are One Seven LLC purchased a new position in shares of Allstate during the fourth quarter valued at approximately $27,000. Oregon Public Employees Retirement Fund lifted its stake in shares of Allstate by 8,063.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,165,142 shares of the insurance provider’s stock valued at $38,000 after buying an additional 3,126,372 shares during the period. Finally, NuWave Investment Management LLC lifted its stake in shares of Allstate by 870.8% during the fourth quarter. NuWave Investment Management LLC now owns 466 shares of the insurance provider’s stock valued at $39,000 after buying an additional 418 shares during the period. 78.82% of the stock is currently owned by institutional investors.

NYSE:ALL opened at $94.84 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.33. The company has a market cap of $31.48 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 1.22 and a beta of 0.82. Allstate Corp has a fifty-two week low of $77.00 and a fifty-two week high of $102.73.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Tuesday, February 5th. The insurance provider reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.23. The company had revenue of $8.71 billion for the quarter, compared to the consensus estimate of $8.66 billion. Allstate had a net margin of 5.66% and a return on equity of 14.00%. Allstate’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.09 earnings per share. On average, equities analysts predict that Allstate Corp will post 9.28 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Thursday, February 28th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, February 27th. This represents a $2.00 dividend on an annualized basis and a yield of 2.11%. This is an increase from Allstate’s previous quarterly dividend of $0.46. Allstate’s dividend payout ratio (DPR) is currently 24.78%.

ALL has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Allstate from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Thursday, February 7th. Argus reduced their price objective on shares of Allstate from $115.00 to $106.00 and set a “buy” rating on the stock in a research note on Wednesday, November 28th. Compass Point initiated coverage on shares of Allstate in a research note on Tuesday, January 15th. They set a “buy” rating and a $114.00 price objective on the stock. Credit Suisse Group reduced their price objective on shares of Allstate from $112.00 to $93.00 and set a “buy” rating on the stock in a research note on Thursday, December 20th. Finally, ValuEngine raised shares of Allstate from a “sell” rating to a “hold” rating in a research note on Tuesday, December 18th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $100.73.

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About Allstate

The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home insurance; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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