Pineno Levin & Ford Asset Management Inc. bought a new stake in Allstate Corp (NYSE:ALL) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,012 shares of the insurance provider’s stock, valued at approximately $420,000.
Other institutional investors have also recently made changes to their positions in the company. Arrow Financial Corp raised its position in Allstate by 100.0% in the 3rd quarter. Arrow Financial Corp now owns 1,106 shares of the insurance provider’s stock valued at $102,000 after buying an additional 553 shares during the last quarter. IHT Wealth Management LLC grew its stake in Allstate by 46.6% in the second quarter. IHT Wealth Management LLC now owns 1,275 shares of the insurance provider’s stock valued at $113,000 after purchasing an additional 405 shares in the last quarter. Financial Engines Advisors L.L.C. bought a new position in Allstate in the third quarter valued at approximately $116,000. Baker Ellis Asset Management LLC bought a new position in Allstate in the third quarter valued at approximately $120,000. Finally, Synovus Financial Corp bought a new position in Allstate in the third quarter valued at approximately $137,000. 76.49% of the stock is currently owned by institutional investors and hedge funds.
In other Allstate news, EVP Susan L. Lees sold 4,000 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $100.49, for a total value of $401,960.00. Following the sale, the executive vice president now owns 24,341 shares in the company, valued at approximately $2,446,027.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.58% of the company’s stock.
Shares of Allstate Corp (NYSE ALL) traded down $1.00 during mid-day trading on Thursday, reaching $94.03. The company had a trading volume of 793,993 shares, compared to its average volume of 2,833,676. The company has a market cap of $34,100.00, a price-to-earnings ratio of 11.27, a P/E/G ratio of 1.32 and a beta of 0.96. Allstate Corp has a twelve month low of $79.09 and a twelve month high of $105.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.25 and a quick ratio of 0.26.
Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.56. Allstate had a return on equity of 12.57% and a net margin of 8.28%. The business had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.09 billion. During the same quarter in the previous year, the company posted $2.17 EPS. Allstate’s quarterly revenue was up 3.8% compared to the same quarter last year. sell-side analysts anticipate that Allstate Corp will post 8.37 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Friday, March 2nd. This is a positive change from Allstate’s previous quarterly dividend of $0.37. Allstate’s payout ratio is 17.68%.
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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