The Allstate Corporation $ALL Shares Sold by Morey & Quinn Wealth Partners LLC

Morey & Quinn Wealth Partners LLC lowered its position in shares of The Allstate Corporation (NYSE:ALL) by 0.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,135 shares of the insurance provider’s stock after selling 87 shares during the quarter. Allstate comprises 1.6% of Morey & Quinn Wealth Partners LLC’s portfolio, making the stock its 12th largest position. Morey & Quinn Wealth Partners LLC’s holdings in Allstate were worth $2,040,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ALL. Rehmann Capital Advisory Group lifted its holdings in shares of Allstate by 3.2% in the first quarter. Rehmann Capital Advisory Group now owns 1,630 shares of the insurance provider’s stock valued at $338,000 after purchasing an additional 51 shares in the last quarter. Vantage Point Financial LLC lifted its holdings in shares of Allstate by 3.6% in the first quarter. Vantage Point Financial LLC now owns 1,495 shares of the insurance provider’s stock valued at $310,000 after purchasing an additional 52 shares in the last quarter. Confluence Wealth Services Inc. lifted its holdings in shares of Allstate by 0.7% in the first quarter. Confluence Wealth Services Inc. now owns 8,000 shares of the insurance provider’s stock valued at $1,558,000 after purchasing an additional 54 shares in the last quarter. Linscomb Wealth Inc. raised its holdings in shares of Allstate by 1.3% during the first quarter. Linscomb Wealth Inc. now owns 4,079 shares of the insurance provider’s stock worth $845,000 after acquiring an additional 54 shares in the last quarter. Finally, Ancora Advisors LLC raised its holdings in shares of Allstate by 0.7% during the first quarter. Ancora Advisors LLC now owns 8,402 shares of the insurance provider’s stock worth $1,740,000 after acquiring an additional 55 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Trading Up 0.3%

Allstate stock opened at $212.46 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43. The business’s 50-day simple moving average is $205.82 and its 200-day simple moving average is $201.13. The firm has a market capitalization of $55.99 billion, a PE ratio of 9.99, a PEG ratio of 0.82 and a beta of 0.38. The Allstate Corporation has a 52 week low of $176.00 and a 52 week high of $215.70.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 EPS for the quarter, topping analysts’ consensus estimates of $3.20 by $2.74. The business had revenue of $15.05 billion for 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 firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.61 earnings per share. Equities research analysts forecast that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, August 29th were paid a $1.00 dividend. The ex-dividend date was Friday, August 29th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.9%. Allstate’s payout ratio is presently 18.81%.

Analyst Ratings Changes

Several brokerages recently issued reports on ALL. Wolfe Research upgraded Allstate to a “strong-buy” rating in a report on Tuesday, September 16th. Keefe, Bruyette & Woods increased their price objective on Allstate from $237.00 to $246.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Raymond James Financial reiterated a “strong-buy” rating and set a $260.00 price objective (up from $250.00) on shares of Allstate in a report on Monday, August 4th. Barclays reissued an “underweight” rating and set a $198.00 target price (up from $188.00) on shares of Allstate in a research report on Thursday, July 31st. Finally, Wall Street Zen raised shares of Allstate from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Allstate presently has a consensus rating of “Moderate Buy” and an average target price of $232.50.

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.