Cresset Asset Management LLC Purchases 872 Shares of The Allstate Corporation $ALL

Cresset Asset Management LLC grew its position in shares of The Allstate Corporation (NYSE:ALL) by 13.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,266 shares of the insurance provider’s stock after buying an additional 872 shares during the quarter. Cresset Asset Management LLC’s holdings in Allstate were worth $1,512,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of ALL. Hughes Financial Services LLC bought a new position in shares of Allstate during the 1st quarter worth approximately $28,000. Kapitalo Investimentos Ltda bought a new position in shares of Allstate during the 4th quarter worth approximately $29,000. Meeder Asset Management Inc. lifted its position in shares of Allstate by 113.8% during the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock worth $39,000 after buying an additional 99 shares in the last quarter. McClarren Financial Advisors Inc. bought a new position in shares of Allstate during the 1st quarter worth approximately $43,000. Finally, Mattson Financial Services LLC bought a new position in shares of Allstate during the 4th quarter worth approximately $44,000. Institutional investors own 76.47% of the company’s stock.

Allstate Trading Up 1.5%

Shares of ALL stock opened at $213.4930 on Thursday. The company’s fifty day simple moving average is $198.91 and its two-hundred day simple moving average is $198.81. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43. The Allstate Corporation has a 1 year low of $176.00 and a 1 year high of $214.76. The stock has a market capitalization of $56.26 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 0.86 and a beta of 0.35.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.20 by $2.74. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The business had revenue of $15.05 billion for the quarter, compared to analysts’ expectations of $16.59 billion. During the same quarter in the previous year, the firm posted $1.61 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, analysts anticipate that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.00 dividend on an annualized basis and a yield of 1.9%. Allstate’s payout ratio is presently 18.81%.

Wall Street Analyst Weigh In

ALL has been the topic of a number of research reports. Keefe, Bruyette & Woods lifted their price target on shares of Allstate from $237.00 to $246.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Barclays reaffirmed an “underweight” rating and issued a $198.00 price target (up previously from $188.00) on shares of Allstate in a report on Thursday, July 31st. Morgan Stanley lifted their price target on shares of Allstate from $235.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $260.00 price target (up previously from $250.00) on shares of Allstate in a report on Monday, August 4th. Finally, Citigroup raised shares of Allstate to a “hold” rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $230.73.

About Allstate

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.