Blair William & Co. IL Has $81.36 Million Stake in The Allstate Corporation (NYSE:ALL)

Key Points

• Blair William & Co. IL has reduced its stake in The Allstate Corporation by 5.9%, now owning approximately $81.36 million in shares.
• Allstate reported $5.94 earnings per share for the quarter, significantly exceeding the consensus estimate of $3.20.
• The company announced a quarterly dividend of $1.00, reflecting a 2.0% annualized yield, with an ex-dividend date of August 29th.

Blair William & Co. IL decreased its stake in The Allstate Corporation (NYSE:ALL - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 392,916 shares of the insurance provider's stock after selling 24,532 shares during the quarter. Blair William & Co. IL owned approximately 0.15% of Allstate worth $81,361,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Hughes Financial Services LLC acquired a new stake in Allstate in the 1st quarter valued at $28,000. Kapitalo Investimentos Ltda acquired a new stake in Allstate in the 4th quarter valued at $29,000. Meeder Asset Management Inc. boosted its stake in 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 in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Allstate in the 4th quarter valued at $40,000. Finally, Mattson Financial Services LLC acquired a new stake in Allstate in the 4th quarter valued at $44,000. Institutional investors and hedge funds own 76.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ALL. Keefe, Bruyette & Woods boosted their price target on Allstate from $235.00 to $237.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. BMO Capital Markets reiterated an "outperform" rating on shares of Allstate in a research report on Friday, May 16th. Wells Fargo & Company cut their price objective on Allstate from $200.00 to $197.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. Wall Street Zen downgraded Allstate from a "buy" rating to a "hold" rating in a research report on Monday, July 28th. Finally, UBS Group lifted their price objective on Allstate from $230.00 to $235.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Allstate has an average rating of "Moderate Buy" and an average target price of $228.40.

Allstate Price Performance

Allstate stock opened at $199.71 on Friday. The business's 50-day simple moving average is $198.37 and its 200 day simple moving average is $197.27. The stock has a market cap of $52.63 billion, a price-to-earnings ratio of 9.39, a P/E/G ratio of 1.04 and a beta of 0.35. The Allstate Corporation has a 12-month low of $168.36 and a 12-month high of $213.18. The company has a quick ratio of 0.40, a current ratio of 0.43 and a debt-to-equity ratio of 0.37.

Allstate (NYSE:ALL - Get Free Report) last released its earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share for the quarter, beating the consensus estimate of $3.20 by $2.74. Allstate had a return on equity of 28.74% and a net margin of 8.79%. The firm had revenue of $15.05 billion for the quarter, compared to analyst estimates of $16.59 billion. During the same quarter in the prior year, the firm posted $1.61 earnings per share. The company's quarterly revenue was up 5.8% on a year-over-year basis. As a group, research analysts anticipate that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.00 annualized dividend and a yield of 2.0%. Allstate's dividend payout ratio is presently 27.32%.

Allstate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.