Estabrook Capital Management Sells 700 Shares of Allstate Corp (ALL)
Estabrook Capital Management trimmed its stake in Allstate Corp (NYSE:ALL) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,382 shares of the insurance provider’s stock after selling 700 shares during the period. Estabrook Capital Management’s holdings in Allstate were worth $1,820,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of ALL. Financial Engines Advisors L.L.C. bought a new position in shares of Allstate in the third quarter worth approximately $116,000. Rational Advisors LLC bought a new position in shares of Allstate in the fourth quarter worth approximately $126,000. Taylor Hoffman Wealth Management bought a new position in shares of Allstate in the fourth quarter worth approximately $131,000. Synovus Financial Corp bought a new position in shares of Allstate in the third quarter worth approximately $137,000. Finally, Americafirst Capital Management LLC bought a new position in shares of Allstate in the third quarter worth approximately $138,000. Institutional investors own 75.88% of the company’s stock.
Allstate Corp (NYSE:ALL) opened at $96.81 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $34,740.00, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 1.39 and a beta of 1.00. Allstate Corp has a 52-week low of $79.09 and a 52-week high of $105.36.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be given a dividend of $0.46 per share. The ex-dividend date is Friday, March 2nd. This represents a $1.84 annualized dividend and a yield of 1.90%. This is a positive change from Allstate’s previous quarterly dividend of $0.37. Allstate’s dividend payout ratio (DPR) is currently 26.36%.
Several research firms recently weighed in on ALL. Keefe, Bruyette & Woods cut shares of Allstate from a “market perform” rating to an “underperform” rating in a research report on Tuesday, January 2nd. Zacks Investment Research cut shares of Allstate from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Goldman Sachs Group initiated coverage on shares of Allstate in a research report on Monday, December 4th. They set a “neutral” rating and a $104.00 price target on the stock. Wells Fargo & Co cut shares of Allstate from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 9th. Finally, ValuEngine upgraded shares of Allstate from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $99.00.
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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