Atria Wealth Solutions Inc. reduced its holdings in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 55.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,765 shares of the insurance provider's stock after selling 5,890 shares during the period. Atria Wealth Solutions Inc.'s holdings in Allstate were worth $990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hughes Financial Services LLC acquired a new position in Allstate in the 1st quarter worth approximately $28,000. Kapitalo Investimentos Ltda acquired a new stake in Allstate during the 4th quarter worth about $29,000. Meeder Asset Management Inc. raised its stake in shares of Allstate by 113.8% during 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 last quarter. Mattson Financial Services LLC acquired a new position in shares of Allstate in the 4th quarter valued at about $44,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Allstate in the first quarter worth about $54,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts recently weighed in on the company. Jefferies Financial Group lifted their price target on Allstate from $254.00 to $255.00 and gave the company a "buy" rating in a research report on Monday. Cantor Fitzgerald raised shares of Allstate to a "hold" rating in a research note on Wednesday. Keefe, Bruyette & Woods lifted their price target on Allstate from $237.00 to $246.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. BMO Capital Markets reiterated an "outperform" rating on shares of Allstate in a research report on Friday, May 16th. Finally, Wells Fargo & Company set a $202.00 price objective on Allstate and gave the company an "equal weight" rating in a report on Tuesday, August 5th. One analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $229.33.
Get Our Latest Stock Analysis on Allstate
Allstate Trading Down 0.3%
Allstate stock traded down $0.55 during mid-day trading on Friday, hitting $208.15. The company's stock had a trading volume of 439,400 shares, compared to its average volume of 1,738,506. The stock's fifty day moving average is $198.18 and its two-hundred day moving average is $198.33. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $54.85 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 0.87 and a beta of 0.35. The Allstate Corporation has a 1 year low of $176.00 and a 1 year high of $213.18.
Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share for the quarter, topping analysts' consensus estimates of $3.20 by $2.74. The business had revenue of $15.05 billion during the quarter, compared to analysts' expectations of $16.59 billion. Allstate had a return on equity of 28.74% and a net margin of 8.79%. The company's revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.61 EPS. On average, analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current year.
Allstate Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, August 29th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, August 29th. Allstate's dividend payout ratio (DPR) is currently 18.81%.
Allstate Profile
(
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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