North Star Investment Management Corp. Sells 300 Shares of The Allstate Corporation $ALL

North Star Investment Management Corp. lessened its holdings in The Allstate Corporation (NYSE:ALL) by 4.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,415 shares of the insurance provider’s stock after selling 300 shares during the quarter. North Star Investment Management Corp.’s holdings in Allstate were worth $1,291,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Arlington Trust Co LLC lifted its stake in shares of Allstate by 261.8% in 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 during the last quarter. Hughes Financial Services LLC purchased a new position in Allstate in the 1st quarter worth approximately $28,000. Meeder Asset Management Inc. lifted its position in Allstate by 113.8% in 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 during the last quarter. McClarren Financial Advisors Inc. purchased a new stake in shares of Allstate during the first quarter valued at approximately $43,000. Finally, Mattson Financial Services LLC bought a new position in shares of Allstate in the fourth quarter worth approximately $44,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Raymond James Financial reissued a “strong-buy” rating and set a $260.00 price target (up previously from $250.00) on shares of Allstate in a research report on Monday, August 4th. Jefferies Financial Group increased their target price on shares of Allstate from $254.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Citigroup raised Allstate to a “hold” rating in a research note on Wednesday, August 13th. Keefe, Bruyette & Woods upped their price target on Allstate from $237.00 to $246.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen upgraded Allstate from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $231.47.

Allstate Trading Up 0.3%

NYSE ALL opened at $209.97 on Friday. The firm has a market capitalization of $55.33 billion, a PE ratio of 9.87, a P/E/G ratio of 0.83 and a beta of 0.37. The stock’s 50 day moving average is $202.75 and its 200 day moving average is $200.75. The Allstate Corporation has a twelve month low of $176.00 and a twelve month high of $214.76. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.37.

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

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, August 29th will be paid a dividend of $1.00 per share. 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 presently 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.