Arizona State Retirement System boosted its stake in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 2.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,712 shares of the insurance provider's stock after acquiring an additional 2,090 shares during the period. Arizona State Retirement System's holdings in Allstate were worth $16,092,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in ALL. Brighton Jones LLC increased its stake in shares of Allstate by 60.2% in the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider's stock valued at $1,253,000 after purchasing an additional 2,443 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Allstate in the 4th quarter valued at $231,000. Stenger Family Office LLC bought a new position in shares of Allstate in the 4th quarter valued at $439,000. Proficio Capital Partners LLC increased its stake in shares of Allstate by 19.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,396 shares of the insurance provider's stock valued at $269,000 after purchasing an additional 230 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Allstate by 8.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 8,718 shares of the insurance provider's stock valued at $1,681,000 after purchasing an additional 709 shares during the last quarter. Institutional investors own 76.47% of the company's stock.
Allstate Stock Down 0.8%
Shares of ALL opened at $193.20 on Friday. The company has a market capitalization of $51.16 billion, a PE ratio of 13.20, a PEG ratio of 1.00 and a beta of 0.33. The Allstate Corporation has a 12 month low of $162.27 and a 12 month high of $213.18. The stock's 50-day moving average price is $200.99 and its two-hundred day moving average price is $196.67. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.40.
Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share for the quarter, missing the consensus estimate of $3.98 by ($0.45). Allstate had a return on equity of 24.62% and a net margin of 6.19%. The business had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $16.41 billion. During the same period last year, the business posted $5.13 earnings per share. The business's revenue was up 7.8% on a year-over-year basis. On average, analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current year.
Allstate Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 9th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Monday, June 9th. Allstate's dividend payout ratio (DPR) is presently 27.32%.
Analyst Upgrades and Downgrades
ALL has been the topic of several recent analyst reports. Evercore ISI lifted their price target on Allstate from $227.00 to $230.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Wells Fargo & Company decreased their price target on Allstate from $200.00 to $197.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 6th. Raymond James Financial reiterated a "strong-buy" rating and issued a $250.00 price target (up previously from $240.00) on shares of Allstate in a research note on Monday, May 5th. Wall Street Zen downgraded Allstate from a "buy" rating to a "hold" rating in a report on Saturday. Finally, UBS Group raised their price objective on Allstate from $230.00 to $235.00 and gave the company a "buy" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $227.07.
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About Allstate
(
Free Report)
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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