Whittier Trust Co. Has $418,000 Stake in Allstate Corp. (ALL)
Whittier Trust Co. increased its position in Allstate Corp. (NYSE:ALL) by 7.6% during the second quarter, Holdings Channel reports. The fund owned 5,979 shares of the company’s stock after buying an additional 420 shares during the period. Whittier Trust Co.’s holdings in Allstate Corp. were worth $418,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Integrated Investment Consultants LLC raised its position in shares of Allstate Corp. by 9.2% in the second quarter. Integrated Investment Consultants LLC now owns 2,483 shares of the company’s stock worth $174,000 after buying an additional 209 shares during the last quarter. Clear Harbor Asset Management LLC bought a new stake in shares of Allstate Corp. during the first quarter worth $202,000. Arete Wealth Advisors LLC bought a new stake in shares of Allstate Corp. during the first quarter worth $204,000. BKD Wealth Advisors LLC bought a new stake in shares of Allstate Corp. during the second quarter worth $204,000. Finally, Kassirer Asset Management Corp bought a new stake in shares of Allstate Corp. during the second quarter worth $206,000. 76.38% of the stock is owned by hedge funds and other institutional investors.
Allstate Corp. (NYSE:ALL) traded up 1.210% during trading on Wednesday, hitting $69.025. The stock had a trading volume of 1,105,262 shares. Allstate Corp. has a 52 week low of $56.03 and a 52 week high of $70.38. The stock has a market capitalization of $25.64 billion, a P/E ratio of 17.382 and a beta of 0.95. The company has a 50-day moving average of $68.45 and a 200-day moving average of $67.91.
Allstate Corp. (NYSE:ALL) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.04. Allstate Corp. had a return on equity of 9.94% and a net margin of 4.63%. The business earned $9.16 billion during the quarter, compared to analyst estimates of $8.14 billion. During the same period in the prior year, the company earned $0.63 earnings per share. Allstate Corp.’s revenue was up 3.5% compared to the same quarter last year. On average, equities analysts expect that Allstate Corp. will post $4.41 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Wednesday, August 31st were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Monday, August 29th. Allstate Corp.’s dividend payout ratio (DPR) is 33.59%.
Several analysts have recently commented on the company. Zacks Investment Research cut Allstate Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Deutsche Bank AG raised their price target on Allstate Corp. from $77.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, August 4th. MKM Partners reiterated a “buy” rating on shares of Allstate Corp. in a report on Thursday, June 16th. Credit Suisse Group AG set a $73.00 target price on Allstate Corp. and gave the company a “buy” rating in a research note on Monday, September 12th. Finally, Barclays PLC reissued an “overweight” rating and issued a $79.00 target price (up previously from $74.00) on shares of Allstate Corp. in a research note on Friday, September 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of GBX 72 ($0.89).
In other Allstate Corp. news, insider Harriet K. Harty sold 6,779 shares of the stock in a transaction on Friday, August 5th. The stock was sold at an average price of GBX 68.64 ($0.85), for a total transaction of £4,653.11 ($5,758.79). Following the completion of the transaction, the insider now directly owns 12,316 shares of the company’s stock, valued at £8,453.70 ($10,462.50). The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Steven E. Shebik sold 41,334 shares of the stock in a transaction on Monday, August 8th. The shares were sold at an average price of GBX 68.86 ($0.85), for a total value of £28,462.59 ($35,225.98). Following the transaction, the chief financial officer now directly owns 102,959 shares of the company’s stock, valued at £70,897.57 ($87,744.51). The disclosure for this sale can be found here. Company insiders own 1.58% of the company’s stock.
Allstate Corp. Company Profile
The Allstate Corporation is a holding company for Allstate Insurance Company. The Company and its subsidiaries, including Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries (collectively, Allstate) are engaged in the property-liability insurance and life insurance business.
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