Orleans Capital Management Corp LA Reduces Stake in Allstate Corp (ALL)
Orleans Capital Management Corp LA lowered its stake in shares of Allstate Corp (NYSE:ALL) by 76.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,885 shares of the insurance provider’s stock after selling 19,409 shares during the period. Orleans Capital Management Corp LA’s holdings in Allstate were worth $537,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in ALL. Neuberger Berman Group LLC raised its holdings in shares of Allstate by 14.2% in the 1st quarter. Neuberger Berman Group LLC now owns 84,767 shares of the insurance provider’s stock worth $8,064,000 after acquiring an additional 10,516 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Allstate by 1.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 55,238 shares of the insurance provider’s stock worth $5,237,000 after acquiring an additional 1,033 shares during the last quarter. Haverford Trust Co. raised its holdings in shares of Allstate by 18.4% in the 1st quarter. Haverford Trust Co. now owns 3,977 shares of the insurance provider’s stock worth $377,000 after acquiring an additional 618 shares during the last quarter. Systematic Financial Management LP acquired a new stake in shares of Allstate in the 1st quarter worth about $7,848,000. Finally, KAMES CAPITAL plc acquired a new stake in shares of Allstate in the 1st quarter worth about $2,185,000. Hedge funds and other institutional investors own 76.18% of the company’s stock.
In other news, EVP Susan L. Lees sold 22,189 shares of the stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $99.24, for a total transaction of $2,202,036.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Glenn T. Shapiro sold 21,728 shares of the stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $98.70, for a total transaction of $2,144,553.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,432 shares of company stock valued at $5,386,208. Company insiders own 1.40% of the company’s stock.
NYSE:ALL traded up $0.06 on Tuesday, hitting $100.39. The stock had a trading volume of 3,271 shares, compared to its average volume of 1,612,901. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market cap of $34.62 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 1.27 and a beta of 0.92. Allstate Corp has a 1 year low of $88.29 and a 1 year high of $105.36.
Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, August 1st. The insurance provider reported $1.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.45. The firm had revenue of $8.46 billion during the quarter, compared to analyst estimates of $8.53 billion. Allstate had a net margin of 9.06% and a return on equity of 15.21%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $1.38 EPS. sell-side analysts forecast that Allstate Corp will post 9.42 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, August 31st will be paid a $0.46 dividend. The ex-dividend date is Thursday, August 30th. This represents a $1.84 annualized dividend and a yield of 1.83%. Allstate’s dividend payout ratio (DPR) is 27.42%.
The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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