Nicholas Hoffman & Company LLC. Cuts Position in Allstate Corp (ALL)

Nicholas Hoffman & Company LLC. reduced its stake in shares of Allstate Corp (NYSE:ALL) by 17.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,841 shares of the insurance provider’s stock after selling 592 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Allstate were worth $297,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Canada Pension Plan Investment Board raised its holdings in Allstate by 3.1% in the 3rd quarter. Canada Pension Plan Investment Board now owns 491,833 shares of the insurance provider’s stock valued at $45,204,000 after acquiring an additional 14,700 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in Allstate by 2.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 85,160 shares of the insurance provider’s stock valued at $7,860,000 after acquiring an additional 1,700 shares during the last quarter. Aperio Group LLC raised its holdings in Allstate by 16.4% in the 3rd quarter. Aperio Group LLC now owns 410,026 shares of the insurance provider’s stock valued at $37,685,000 after acquiring an additional 57,713 shares during the last quarter. Atalanta Sosnoff Capital LLC raised its holdings in Allstate by 86.5% in the 4th quarter. Atalanta Sosnoff Capital LLC now owns 611,347 shares of the insurance provider’s stock valued at $64,015,000 after acquiring an additional 283,615 shares during the last quarter. Finally, Regentatlantic Capital LLC raised its holdings in Allstate by 0.9% in the 4th quarter. Regentatlantic Capital LLC now owns 126,437 shares of the insurance provider’s stock valued at $13,239,000 after acquiring an additional 1,176 shares during the last quarter. Institutional investors own 76.49% of the company’s stock.

In other news, EVP Susan L. Lees sold 4,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $100.49, for a total transaction of $401,960.00. Following the completion of the sale, the executive vice president now directly owns 24,341 shares of the company’s stock, valued at approximately $2,446,027.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.58% of the stock is owned by insiders.

ALL has been the subject of several analyst reports. Wells Fargo & Co reiterated a “buy” rating and issued a $105.00 price target on shares of Allstate in a report on Thursday, November 2nd. Credit Suisse Group boosted their price target on Allstate from $91.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, November 2nd. Zacks Investment Research upgraded Allstate from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. UBS Group boosted their price target on Allstate from $93.00 to $102.00 and gave the company a “neutral” rating in a report on Monday, November 6th. Finally, B. Riley reiterated a “neutral” rating on shares of Allstate 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 six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $97.33.

Shares of Allstate Corp (NYSE ALL) opened at $95.04 on Friday. Allstate Corp has a 12 month low of $79.09 and a 12 month high of $105.36. The stock has a market cap of $33,739.20, a price-to-earnings ratio of 11.35, a PEG ratio of 1.36 and a beta of 0.97. The company has a current ratio of 0.25, a quick ratio of 0.26 and a debt-to-equity ratio of 0.31.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.09 billion. During the same period in the previous year, the company earned $2.17 EPS. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. sell-side analysts predict that Allstate Corp will post 8.4 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 5th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, March 2nd. This is a boost from Allstate’s previous quarterly dividend of $0.37. This represents a $1.84 annualized dividend and a dividend yield of 1.94%. Allstate’s payout ratio is currently 17.68%.

COPYRIGHT VIOLATION NOTICE: “Nicholas Hoffman & Company LLC. Cuts Position in Allstate Corp (ALL)” was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://stocknewstimes.com/2018/02/18/nicholas-hoffman-company-llc-cuts-position-in-allstate-corp-all.html.

Allstate Company 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.

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).

Institutional Ownership by Quarter for Allstate (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.

Latest News

Leave a Reply