WINTON GROUP Ltd Has $9.11 Million Stake in Allstate Corp (ALL)
WINTON GROUP Ltd reduced its position in shares of Allstate Corp (NYSE:ALL) by 17.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 87,032 shares of the insurance provider’s stock after selling 18,132 shares during the period. WINTON GROUP Ltd’s holdings in Allstate were worth $9,113,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of ALL. Rational Advisors LLC purchased a new stake in Allstate in the fourth quarter worth about $126,000. Taylor Hoffman Wealth Management purchased a new stake in Allstate in the fourth quarter worth about $131,000. Financial Engines Advisors L.L.C. purchased a new stake in Allstate in the third quarter worth about $116,000. Resources Investment Advisors Inc. lifted its holdings in Allstate by 71.1% in the fourth quarter. Resources Investment Advisors Inc. now owns 1,340 shares of the insurance provider’s stock worth $140,000 after buying an additional 557 shares during the period. Finally, Prentiss Smith & Co. Inc. purchased a new stake in Allstate in the fourth quarter worth about $143,000. Institutional investors own 76.65% of the company’s stock.
Several analysts have commented on ALL shares. UBS Group raised their price objective on shares of Allstate from $93.00 to $102.00 and gave the stock a “neutral” rating in a report on Monday, November 6th. B. Riley restated a “neutral” rating on shares of Allstate in a report on Monday, November 6th. Wells Fargo & Co set a $110.00 price objective on shares of Allstate and gave the stock a “buy” rating in a report on Thursday, November 16th. Goldman Sachs Group started coverage on shares of Allstate in a report on Monday, December 4th. They issued a “neutral” rating and a $104.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of Allstate from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Tuesday, December 12th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $99.00.
Allstate (NYSE:ALL) last announced its earnings results on Wednesday, February 7th. The insurance provider reported $2.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.56. Allstate had a net margin of 8.28% and a return on equity of 12.57%. The business had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.09 billion. During the same quarter last year, the firm earned $2.17 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. equities research analysts expect that Allstate Corp will post 8.32 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be paid a dividend of $0.46 per share. This is an increase from Allstate’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.01%. Allstate’s dividend payout ratio (DPR) is currently 17.68%.
WARNING: “WINTON GROUP Ltd Has $9.11 Million Stake in Allstate Corp (ALL)” was reported by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2018/03/04/winton-group-ltd-has-9-11-million-stake-in-allstate-corp-all.html.
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.
Want to see what other hedge funds are holding ALL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allstate Corp (NYSE:ALL).
Receive News & Ratings for Allstate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate and related companies with MarketBeat.com's FREE daily email newsletter.