Fifth Third Wealth Advisors LLC Sells 110 Shares of The Allstate Corporation $ALL

Fifth Third Wealth Advisors LLC trimmed its position in The Allstate Corporation (NYSE:ALL) by 2.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 5,509 shares of the insurance provider’s stock after selling 110 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Allstate were worth $1,109,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arlington Trust Co LLC boosted its stake in Allstate by 261.8% in the second 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 bought a new position in Allstate in the first quarter valued at approximately $28,000. Hilltop National Bank bought a new position in Allstate in the second quarter valued at approximately $34,000. Meeder Asset Management Inc. boosted its stake 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 acquiring an additional 99 shares during the last quarter. Finally, McClarren Financial Advisors Inc. bought a new position in Allstate in the first quarter valued at approximately $43,000. 76.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on ALL shares. Citigroup raised shares of Allstate to a “hold” rating in a research note on Wednesday, August 13th. 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 research report on Friday, August 1st. Raymond James Financial reissued a “strong-buy” rating and set a $260.00 price target (up from $250.00) on shares of Allstate in a research report on Monday, August 4th. UBS Group lifted their price target on shares of Allstate from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Barclays reissued an “underweight” rating and set a $198.00 price target (up from $188.00) on shares of Allstate in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $234.50.

Allstate Trading Down 1.6%

Shares of NYSE:ALL opened at $205.59 on Friday. The Allstate Corporation has a 12 month low of $176.00 and a 12 month high of $215.70. 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 company’s fifty day simple moving average is $206.06 and its 200 day simple moving average is $201.07. The firm has a market cap of $54.18 billion, a price-to-earnings ratio of 9.67, a PEG ratio of 0.79 and a beta of 0.38.

Allstate (NYSE:ALL) last issued 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. 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 analyst estimates of $16.59 billion. During the same period last year, the business posted $1.61 earnings per share. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. As a group, research analysts forecast that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Dividend Announcement

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

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.