Allstate Corp. (ALL) Position Maintained by Gulf International Bank UK Ltd
Gulf International Bank UK Ltd maintained its stake in shares of Allstate Corp. (NYSE:ALL) during the third quarter, Holdings Channel reports. The fund owned 115,480 shares of the company’s stock at the end of the third quarter. Gulf International Bank UK Ltd’s holdings in Allstate Corp. were worth $7,988,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the stock. Pinkerton Retirement Specialists LLC boosted its stake in shares of Allstate Corp. by 654.6% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,645 shares of the company’s stock valued at $115,000 after buying an additional 1,427 shares during the period. Zions Bancorporation boosted its position in shares of Allstate Corp. by 64.1% in the second quarter. Zions Bancorporation now owns 2,089 shares of the company’s stock worth $146,000 after buying an additional 816 shares during the last quarter. Integrated Investment Consultants LLC boosted 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. Advisory Services Network LLC boosted its position in shares of Allstate Corp. by 12.2% in the third quarter. Advisory Services Network LLC now owns 2,774 shares of the company’s stock worth $192,000 after buying an additional 301 shares during the last quarter. Finally, WFG Advisors LP boosted its position in shares of Allstate Corp. by 434.5% in the second quarter. WFG Advisors LP now owns 2,833 shares of the company’s stock worth $198,000 after buying an additional 2,303 shares during the last quarter. Hedge funds and other institutional investors own 75.47% of the company’s stock.
Allstate Corp. (NYSE:ALL) traded down 3.11% on Tuesday, hitting $69.80. 4,693,187 shares of the stock were exchanged. Allstate Corp. has a one year low of $56.03 and a one year high of $72.72. The company has a market cap of $25.70 billion, a P/E ratio of 18.90 and a beta of 0.96. The company’s 50 day moving average price is $69.23 and its 200-day moving average price is $68.53.
Allstate Corp. (NYSE:ALL) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $1.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.26. The business earned $7.87 billion during the quarter, compared to analyst estimates of $8.35 billion. Allstate Corp. had a net margin of 4.25% and a return on equity of 9.16%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.52 earnings per share. Equities research analysts predict that Allstate Corp. will post $4.29 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Wednesday, November 30th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Monday, November 28th. Allstate Corp.’s dividend payout ratio (DPR) is 35.68%.
A number of brokerages have issued reports on ALL. Deutsche Bank AG restated a “buy” rating and set a $80.00 target price on shares of Allstate Corp. in a research report on Thursday, November 10th. Credit Suisse Group AG set a $73.00 price target on shares of Allstate Corp. and gave the stock a “buy” rating in a report on Tuesday, August 23rd. Argus reiterated a “buy” rating and set a $76.00 price target on shares of Allstate Corp. in a report on Friday, September 2nd. Barclays PLC reiterated an “overweight” rating and set a $79.00 price target (up from $74.00) on shares of Allstate Corp. in a report on Friday, September 30th. Finally, William Blair reiterated an “underperform” rating on shares of Allstate Corp. in a report on Saturday, September 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. Allstate Corp. currently has a consensus rating of “Buy” and an average target price of $72.27.
In other news, VP Samuel H. Pilch sold 21,178 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $72.24, for a total value of $1,529,898.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.58% of the stock is currently owned by insiders.
About Allstate Corp.
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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