The Allstate Corporation (NYSE:ALL) Shares Bought by Allworth Financial LP

Allworth Financial LP boosted its position in shares of The Allstate Corporation (NYSE:ALL) by 1.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 15,380 shares of the insurance provider’s stock after acquiring an additional 234 shares during the quarter. Allworth Financial LP’s holdings in Allstate were worth $2,997,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. tru Independence LLC lifted its position in Allstate by 0.3% during the 1st quarter. tru Independence LLC now owns 31,512 shares of the insurance provider’s stock worth $6,525,000 after acquiring an additional 83 shares during the period. Rehmann Capital Advisory Group lifted its holdings in shares of Allstate by 3.2% in the 1st quarter. Rehmann Capital Advisory Group now owns 1,630 shares of the insurance provider’s stock valued at $338,000 after buying an additional 51 shares during the period. First National Bank & Trust Co. of Newtown lifted its holdings in shares of Allstate by 8.1% in the 1st quarter. First National Bank & Trust Co. of Newtown now owns 1,233 shares of the insurance provider’s stock valued at $255,000 after buying an additional 92 shares during the period. Greenleaf Trust lifted its holdings in shares of Allstate by 3.4% in the 1st quarter. Greenleaf Trust now owns 10,519 shares of the insurance provider’s stock valued at $2,178,000 after buying an additional 350 shares during the period. Finally, Stratos Investment Management LLC lifted its holdings in shares of Allstate by 43.5% in the 1st quarter. Stratos Investment Management LLC now owns 4,469 shares of the insurance provider’s stock valued at $926,000 after buying an additional 1,355 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Price Performance

NYSE:ALL opened at $193.20 on Friday. The Allstate Corporation has a 12 month low of $161.82 and a 12 month high of $213.18. The stock has a 50 day moving average of $200.99 and a two-hundred day moving average of $196.66. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.40. The firm has a market cap of $51.16 billion, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 1.01 and a beta of 0.33.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.53 EPS for the quarter, missing the consensus estimate of $3.98 by ($0.45). Allstate had a return on equity of 24.62% and a net margin of 6.19%. The firm had revenue of $14.30 billion for the quarter, compared to analysts’ expectations of $16.41 billion. During the same quarter last year, the firm posted $5.13 earnings per share. Allstate’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts expect that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 9th were paid a dividend of $1.00 per share. The ex-dividend date was Monday, June 9th. This represents a $4.00 annualized dividend and a yield of 2.07%. Allstate’s dividend payout ratio (DPR) is currently 27.32%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ALL shares. UBS Group boosted their price objective on Allstate from $230.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday. Barclays boosted their price objective on Allstate from $172.00 to $188.00 and gave the company an “underweight” rating in a report on Monday, July 7th. Morgan Stanley boosted their price objective on Allstate from $225.00 to $235.00 and gave the company an “overweight” rating in a report on Tuesday, May 6th. Evercore ISI lifted their price target on Allstate from $227.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Finally, BMO Capital Markets restated an “outperform” rating on shares of Allstate in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $227.07.

Allstate Profile

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.