Trust Co. of Toledo NA OH acquired a new stake in shares of Allstate Corp (NYSE:ALL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,958 shares of the insurance provider’s stock, valued at approximately $415,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALL. Arrow Financial Corp grew its position in Allstate by 100.0% in the third quarter. Arrow Financial Corp now owns 1,106 shares of the insurance provider’s stock valued at $102,000 after acquiring an additional 553 shares during the period. Rational Advisors LLC bought a new stake in Allstate in the fourth quarter valued at $126,000. Financial Engines Advisors L.L.C. bought a new stake in Allstate in the third quarter valued at $116,000. Baker Ellis Asset Management LLC bought a new stake in Allstate in the third quarter valued at $120,000. Finally, Resources Investment Advisors Inc. grew its position in Allstate by 71.1% in the fourth quarter. Resources Investment Advisors Inc. now owns 1,340 shares of the insurance provider’s stock valued at $140,000 after acquiring an additional 557 shares during the period. Institutional investors and hedge funds own 76.49% of the company’s stock.

Allstate Corp (ALL) opened at $90.51 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.25 and a quick ratio of 0.26. The company has a market capitalization of $32,265.95, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. Allstate Corp has a one year low of $79.09 and a one year high of $105.36.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.56. The company had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.09 billion. Allstate had a return on equity of 12.57% and a net margin of 8.28%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.17 earnings per share. sell-side analysts expect that Allstate Corp will post 8.21 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be paid a $0.46 dividend. The ex-dividend date is Friday, March 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 2.03%. This is a positive change from Allstate’s previous quarterly dividend of $0.37. Allstate’s payout ratio is currently 17.68%.

In other Allstate news, EVP Susan L. Lees sold 4,000 shares of the business’s 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 transaction, the executive vice president now owns 24,341 shares of the company’s stock, valued at $2,446,027.09. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by insiders.

A number of analysts have weighed in on the company. Bank of America lowered their price target on Allstate from $116.00 to $111.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Wells Fargo & Co reiterated a “buy” rating and issued a $105.00 price target on shares of Allstate in a research report on Thursday, November 2nd. ValuEngine upgraded Allstate from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Allstate from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research report on Wednesday, January 3rd. Finally, B. Riley reiterated a “neutral” rating on shares of Allstate in a research report on Monday, November 6th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $97.00.

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Allstate Profile

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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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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