10,361 Shares in The Allstate Corporation $ALL Purchased by DMKC Advisory Services LLC

Key Points

• DMKC Advisory Services LLC acquired 10,361 shares of The Allstate Corporation during Q2, valued at approximately $2 million.
• Analysts have raised price targets for Allstate, with Raymond James setting a new target at $260.00, reflecting a strong buy recommendation.
• Allstate announced a quarterly dividend of $1.00 per share, translating to an annualized dividend of $4.00 and a yield of 1.9%.

DMKC Advisory Services LLC acquired a new stake in The Allstate Corporation (NYSE:ALL - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,361 shares of the insurance provider's stock, valued at approximately $2,000,000.

Other large investors also recently modified their holdings of the company. Arlington Trust Co LLC boosted its stake in 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 buying an additional 89 shares in the last quarter. Hughes Financial Services LLC acquired a new position in shares of Allstate during the first quarter worth approximately $28,000. Meeder Asset Management Inc. increased its stake in shares of Allstate by 113.8% in the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider's stock valued at $39,000 after buying an additional 99 shares during the period. McClarren Financial Advisors Inc. acquired a new stake in shares of Allstate in the 1st quarter valued at $43,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Allstate in the 1st quarter valued at $51,000. 76.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ALL has been the topic of several recent research reports. Raymond James Financial reiterated 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. Morgan Stanley upped their target price on shares of Allstate from $235.00 to $245.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Wolfe Research raised shares of Allstate to a "strong-buy" rating in a research note on Tuesday, September 16th. BMO Capital Markets boosted their price target on shares of Allstate from $230.00 to $235.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. Finally, Cantor Fitzgerald raised shares of Allstate to a "hold" rating in a report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $231.56.

Allstate Stock Performance

Shares of ALL opened at $211.00 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 Allstate Corporation has a twelve month low of $176.00 and a twelve month high of $215.70. The firm's 50 day moving average price is $204.10 and its two-hundred day moving average price is $201.02. The firm has a market cap of $55.60 billion, a P/E ratio of 9.92, a PEG ratio of 0.84 and a beta of 0.38.

Allstate (NYSE:ALL - Get Free Report) 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. The business had revenue of $15.05 billion for the quarter, compared to analyst estimates of $16.59 billion. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the business posted $1.61 earnings per share. On average, analysts forecast that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Announces Dividend

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 dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, August 29th. Allstate's dividend payout ratio is currently 18.81%.

Allstate Company 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.

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