Transamerica Financial Advisors Inc. reduced its holdings in shares of Allstate (NYSE:ALL) by 44.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,236 shares of the insurance provider’s stock after selling 25,980 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Allstate were worth $3,056,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Rothschild Investment Corp IL boosted its position in shares of Allstate by 4.1% during the 4th quarter. Rothschild Investment Corp IL now owns 12,996 shares of the insurance provider’s stock worth $1,361,000 after acquiring an additional 516 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Allstate by 10.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 5,523 shares of the insurance provider’s stock worth $579,000 after acquiring an additional 529 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of Allstate by 2.5% during the 1st quarter. D.A. Davidson & CO. now owns 21,966 shares of the insurance provider’s stock worth $2,082,000 after acquiring an additional 539 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Allstate by 2.6% during the 4th quarter. Thrivent Financial For Lutherans now owns 21,709 shares of the insurance provider’s stock worth $2,273,000 after acquiring an additional 543 shares in the last quarter. Finally, Resources Investment Advisors Inc. lifted its holdings in shares of Allstate by 71.1% in the 4th quarter. Resources Investment Advisors Inc. now owns 1,340 shares of the insurance provider’s stock valued at $140,000 after purchasing an additional 557 shares during the last quarter. 77.10% of the stock is owned by institutional investors and hedge funds.
ALL opened at $95.42 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.33. The company has a market cap of $33.36 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 1.29 and a beta of 0.94. Allstate has a 52 week low of $84.25 and a 52 week high of $105.36.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Thursday, May 31st will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.93%. The ex-dividend date is Wednesday, May 30th. Allstate’s dividend payout ratio is presently 27.42%.
Several analysts have recently weighed in on ALL shares. Citigroup reduced their target price on Allstate from $112.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, April 10th. Zacks Investment Research raised Allstate from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a report on Monday, May 7th. Wells Fargo set a $100.00 target price on Allstate and gave the company a “hold” rating in a report on Thursday, February 8th. Bank of America reduced their target price on Allstate from $116.00 to $111.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Finally, Argus boosted their target price on Allstate from $110.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, May 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. Allstate currently has an average rating of “Hold” and a consensus price target of $101.46.
Allstate Company Profile
The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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