Creative Planning Buys 2,661 Shares of Allstate Corp (ALL)
Creative Planning raised its stake in shares of Allstate Corp (NYSE:ALL) by 8.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 33,941 shares of the insurance provider’s stock after buying an additional 2,661 shares during the quarter. Creative Planning’s holdings in Allstate were worth $3,554,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in ALL. Schroder Investment Management Group raised its stake in Allstate by 41.7% during the second quarter. Schroder Investment Management Group now owns 12,012 shares of the insurance provider’s stock valued at $1,059,000 after buying an additional 3,535 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Allstate by 1.4% in the 2nd quarter. Franklin Resources Inc. now owns 140,029 shares of the insurance provider’s stock worth $12,384,000 after purchasing an additional 1,949 shares in the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of Allstate by 3.7% in the 2nd quarter. Thrivent Financial For Lutherans now owns 15,457 shares of the insurance provider’s stock worth $1,367,000 after purchasing an additional 546 shares in the last quarter. Menta Capital LLC bought a new stake in shares of Allstate in the 2nd quarter worth $292,000. Finally, FMR LLC increased its holdings in shares of Allstate by 13.0% in the 2nd quarter. FMR LLC now owns 3,524,889 shares of the insurance provider’s stock worth $311,741,000 after purchasing an additional 405,244 shares in the last quarter. Institutional investors and hedge funds own 76.58% of the company’s stock.
In related news, EVP Susan L. Lees sold 4,000 shares of Allstate stock in a transaction on Monday, November 20th. The stock was sold at an average price of $100.49, for a total value of $401,960.00. Following the completion of the sale, the executive vice president now owns 24,341 shares of the company’s stock, valued at $2,446,027.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Thomas J. Wilson sold 195,000 shares of Allstate stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $99.13, for a total value of $19,330,350.00. The disclosure for this sale can be found here. Insiders sold 432,242 shares of company stock valued at $42,827,931 in the last ninety days. 1.50% of the stock is currently owned by corporate insiders.
Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, November 1st. The insurance provider reported $1.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.01). Allstate had a return on equity of 13.11% and a net margin of 7.32%. The firm had revenue of $8.12 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same period in the previous year, the firm earned $1.26 EPS. The business’s revenue was up 3.2% on a year-over-year basis. analysts forecast that Allstate Corp will post 6.16 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Thursday, November 30th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Wednesday, November 29th. Allstate’s payout ratio is currently 20.56%.
A number of research firms have commented on ALL. Keefe, Bruyette & Woods lowered Allstate from a “market perform” rating to an “underperform” rating in a report on Tuesday, January 2nd. Zacks Investment Research lowered Allstate from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Goldman Sachs Group began coverage on Allstate in a report on Monday, December 4th. They issued a “neutral” rating and a $104.00 target price for the company. Wells Fargo & Co lowered Allstate from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 9th. Finally, UBS Group lifted their target price on Allstate from $93.00 to $102.00 and gave the stock a “neutral” rating in a report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $96.43.
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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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