Wesbanco Bank Inc. Holds Stake in Allstate Corporation (The) (ALL)

Wesbanco Bank Inc. maintained its position in Allstate Corporation (The) (NYSE:ALL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,023 shares of the company’s stock at the end of the fourth quarter. Wesbanco Bank Inc.’s holdings in Allstate Corporation (The) were worth $817,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ALL. Johnson Financial Group Inc. boosted its position in Allstate Corporation (The) by 4.4% in the fourth quarter. Johnson Financial Group Inc. now owns 8,235 shares of the company’s stock worth $610,000 after buying an additional 345 shares in the last quarter. Cadence Capital Management LLC boosted its position in Allstate Corporation (The) by 4.2% in the fourth quarter. Cadence Capital Management LLC now owns 10,519 shares of the company’s stock worth $780,000 after buying an additional 426 shares in the last quarter. First Interstate Bank boosted its position in Allstate Corporation (The) by 81.3% in the fourth quarter. First Interstate Bank now owns 2,627 shares of the company’s stock worth $195,000 after buying an additional 1,178 shares in the last quarter. Cascade Investment Advisors Inc. acquired a new position in Allstate Corporation (The) during the fourth quarter worth approximately $1,567,000. Finally, Russell Investments Group Ltd. acquired a new position in Allstate Corporation (The) during the fourth quarter worth approximately $104,865,000. Hedge funds and other institutional investors own 76.44% of the company’s stock.

Institutional Ownership by Quarter for Allstate Corporation (The) (NYSE:ALL)

Allstate Corporation (NYSE:ALL) opened at 79.555 on Tuesday. The stock has a market cap of $29.12 billion, a price-to-earnings ratio of 17.035 and a beta of 0.96. The company has a 50-day moving average price of $75.36 and a 200 day moving average price of $70.93. Allstate Corporation has a 12-month low of $62.78 and a 12-month high of $79.72.

Allstate Corporation (The) (NYSE:ALL) last issued its quarterly earnings results on Wednesday, February 1st. The company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.54. The company earned $9.30 billion during the quarter, compared to analyst estimates of $7.74 billion. Allstate Corporation (The) had a net margin of 5.14% and a return on equity of 10.21%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.60 EPS. On average, equities research analysts predict that Allstate Corporation will post $6.22 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Tuesday, February 28th will be paid a $0.37 dividend. This is a positive change from Allstate Corporation (The)’s previous quarterly dividend of $0.33. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Friday, February 24th. Allstate Corporation (The)’s dividend payout ratio is currently 28.09%.

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A number of research firms recently commented on ALL. Zacks Investment Research upgraded Allstate Corporation (The) from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a report on Monday, February 6th. Credit Suisse Group reiterated a “hold” rating and issued a $80.00 price objective on shares of Allstate Corporation (The) in a report on Sunday, February 5th. FBR & Co reiterated a “hold” rating on shares of Allstate Corporation (The) in a report on Thursday, February 2nd. Goldman Sachs Group, Inc. (The) upgraded Allstate Corporation (The) from a “neutral” rating to a “buy” rating and upped their price target for the stock from $71.00 to $82.00 in a research note on Tuesday, January 10th. Finally, Barclays PLC restated a “buy” rating and set a $83.00 price target on shares of Allstate Corporation (The) in a research note on Monday, January 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $80.00.

In other news, insider Suren Gupta sold 46,297 shares of the company’s stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $72.69, for a total value of $3,365,328.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Judith A. Sprieser sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, December 16th. The stock was sold at an average price of $73.81, for a total transaction of $590,480.00. Following the completion of the sale, the director now directly owns 5,244 shares of the company’s stock, valued at $387,059.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 144,824 shares of company stock valued at $10,656,768. Company insiders own 1.58% of the company’s stock.

Allstate Corporation (The) Company Profile

The Allstate Corporation is a holding company for Allstate Insurance Company. The Company and its subsidiaries, including Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries (collectively, Allstate) are engaged in the property-liability insurance and life insurance business.

5 Day Chart for NYSE:ALL

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