16,137 Shares in The Allstate Corporation (NYSE:ALL) Acquired by Richard Bernstein Advisors LLC

Richard Bernstein Advisors LLC bought a new position in The Allstate Corporation (NYSE:ALL - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm bought 16,137 shares of the insurance provider's stock, valued at approximately $3,341,000.

Other institutional investors also recently bought and sold shares of the company. VSM Wealth Advisory LLC acquired a new stake in Allstate in the 4th quarter worth approximately $25,000. Twin Tree Management LP acquired a new stake in Allstate in the 4th quarter worth approximately $27,000. Hopwood Financial Services Inc. purchased a new position in Allstate during the 4th quarter worth approximately $29,000. Kapitalo Investimentos Ltda purchased a new position in Allstate during the 4th quarter worth approximately $29,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in Allstate during the 4th quarter worth approximately $40,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Price Performance

Allstate stock opened at $194.46 on Tuesday. The company's fifty day moving average price is $201.35 and its 200 day moving average price is $196.71. The Allstate Corporation has a 1 year low of $158.04 and a 1 year high of $213.18. The stock has a market capitalization of $51.50 billion, a P/E ratio of 13.28, a P/E/G ratio of 1.03 and a beta of 0.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.40 and a current ratio of 0.40.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.98 by ($0.45). Allstate had a net margin of 6.19% and a return on equity of 24.62%. The company had revenue of $14.30 billion during the quarter, compared to analyst estimates of $16.41 billion. During the same period in the prior year, the business posted $5.13 EPS. Allstate's revenue was up 7.8% compared to the same quarter last year. As a group, equities research analysts anticipate that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 9th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, June 9th. This represents a $4.00 annualized dividend and a yield of 2.06%. Allstate's dividend payout ratio (DPR) is presently 27.32%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ALL. Barclays raised their price target on shares of Allstate from $172.00 to $188.00 and gave the stock an "underweight" rating in a research report on Monday. Raymond James Financial reissued a "strong-buy" rating and set a $250.00 price target (up from $240.00) on shares of Allstate in a research report on Monday, May 5th. Wells Fargo & Company reduced their price target on shares of Allstate from $200.00 to $197.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. JPMorgan Chase & Co. raised their price target on shares of Allstate from $217.00 to $222.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Finally, Morgan Stanley raised their price target on shares of Allstate from $225.00 to $235.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $226.27.

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.

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