Benin Management lowered its position in Allstate Corp (LON:ALL) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The hedge fund owned 97,141 shares of the company’s stock after selling 600 shares during the period. Allstate Corp makes up approximately 3.4% of Benin Management’s holdings, making the stock its 9th largest position. Benin Management’s holdings in Allstate Corp were worth $6,032,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Gerstein Fisher increased its stake in Allstate Corp by 1.6% in the third quarter. Gerstein Fisher now owns 3,700 shares of the company’s stock worth $215,000 after buying an additional 60 shares during the last quarter. Community Bank & Trust of Waco, Texas purchased a new stake in Allstate Corp during the fourth quarter worth approximately $349,000. New England Research & Management bought a new stake in shares of Allstate Corp during the fourth quarter valued at about $429,000. Fox Run Management bought a new stake in shares of Allstate Corp during the fourth quarter valued at about $522,000. Finally, RNC Capital Management increased its stake in shares of Allstate Corp by 20.1% in the fourth quarter. RNC Capital Management now owns 9,290 shares of the company’s stock valued at $577,000 after buying an additional 1,554 shares in the last quarter.

Allstate Corp (NYSE:ALL) traded down 1.42% during midday trading on Monday, hitting $57.70. The stock had a trading volume of 3,852,370 shares. Allstate Corp has a 12-month low of $54.12 and a 12-month high of $72.87. The company’s 50-day moving average price is $61.01 and its 200 day moving average price is $61.93. The stock has a market cap of $22.35 billion and a P/E ratio of 10.04.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 4th. Investors of record on Monday, November 30th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, November 25th. This represents a $1.20 dividend on an annualized basis and a yield of 2.08%.

Separately, Deutsche Bank restated a “buy” rating on shares of Allstate Corp in a research report on Sunday, October 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 69.71 ($0.99).

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 (LON:ALL) are engaged in the property-liability insurance and life insurance business. It offers its products in the United States and Canada. Allstate operates in four business segments: Allstate Protection, Discontinued Lines and Coverages, Allstate Financial, and Corporate and Other. The principal geographic markets for its auto, homeowners, and other personal property and casualty products are in the United States. Through its subsidiaries, it sells various types of personal property and casualty insurance products in around 50 states, the District of Columbia and Puerto Rico. It sells private passenger auto and homeowners insurance through agencies, contact centers and Internet. It sells these products under Allstate, Esurance and Encompass brand names.

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