Yarbrough Capital LLC Sells 3,054 Shares of The Allstate Corporation $ALL

Yarbrough Capital LLC lowered its stake in The Allstate Corporation (NYSE:ALL) by 52.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,744 shares of the insurance provider’s stock after selling 3,054 shares during the period. Yarbrough Capital LLC’s holdings in Allstate were worth $552,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Arlington Trust Co LLC boosted its holdings in shares of Allstate by 261.8% during the 2nd quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 89 shares in the last quarter. Hughes Financial Services LLC bought a new position in Allstate in the first quarter valued at about $28,000. Meeder Asset Management Inc. boosted its stake in shares of Allstate by 113.8% during the first quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 99 shares in the last quarter. McClarren Financial Advisors Inc. bought a new stake in shares of Allstate during the first quarter worth about $43,000. Finally, Mattson Financial Services LLC acquired a new position in shares of Allstate in the fourth quarter valued at approximately $44,000. 76.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on ALL. Wells Fargo & Company set a $202.00 target price on shares of Allstate and gave the stock an “equal weight” rating in a research report on Tuesday, August 5th. Wall Street Zen upgraded shares of Allstate from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Morgan Stanley boosted their price objective on shares of Allstate from $235.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Raymond James Financial reaffirmed a “strong-buy” rating and set a $260.00 target price (up from $250.00) on shares of Allstate in a research report on Monday, August 4th. Finally, Cantor Fitzgerald upgraded Allstate to a “hold” rating in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.47.

Allstate Price Performance

ALL stock opened at $207.56 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.37. The firm has a market cap of $54.69 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 0.81 and a beta of 0.37. The company’s fifty day simple moving average is $202.14 and its 200 day simple moving average is $200.61. The Allstate Corporation has a 12-month low of $176.00 and a 12-month high of $214.76.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share for the quarter, topping the consensus estimate of $3.20 by $2.74. The firm had revenue of $15.05 billion during the quarter, compared to analyst estimates of $16.59 billion. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the company posted $1.61 EPS. On average, analysts expect that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Announces Dividend

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

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.