Callan Family Office LLC Increases Stock Holdings in The Allstate Corporation $ALL

Key Points

• Callan Family Office LLC increased its holdings in The Allstate Corporation by 142.0% during the second quarter, now owning 4,763 shares valued at approximately $959,000.
• Wall Street analysts are optimistic about Allstate, with several firms raising their price targets; the average target price among analysts is $234.50, indicating a Moderate Buy rating.
• Allstate recently announced a quarterly dividend of $1.00 per share, translating to an annualized dividend and yield of 1.9% with a payout ratio of 18.81%.

Callan Family Office LLC increased its holdings in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 142.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,763 shares of the insurance provider's stock after buying an additional 2,795 shares during the period. Callan Family Office LLC's holdings in Allstate were worth $959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Arlington Trust Co LLC lifted its position in shares of Allstate by 261.8% during 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 purchased a new position in shares of Allstate during the 1st quarter valued at approximately $28,000. Hilltop National Bank purchased a new position in shares of Allstate during the 2nd quarter valued at approximately $34,000. Meeder Asset Management Inc. lifted its position 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 in the last quarter. Finally, McClarren Financial Advisors Inc. purchased a new position in shares of Allstate during the 1st quarter valued at approximately $43,000. Hedge funds and other institutional investors own 76.47% of the company's stock.

Wall Street Analysts Forecast Growth

ALL has been the topic of a number of research reports. BMO Capital Markets raised their price objective on Allstate from $230.00 to $235.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Jefferies Financial Group raised their price objective on Allstate from $254.00 to $255.00 and gave the company a "buy" rating in a report on Monday, August 11th. Cantor Fitzgerald upgraded Allstate to a "hold" rating in a report on Wednesday, August 13th. Weiss Ratings restated a "buy (b)" rating on shares of Allstate in a report on Wednesday, October 8th. Finally, Morgan Stanley raised their price objective on Allstate from $235.00 to $245.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Allstate currently has an average rating of "Moderate Buy" and an average target price of $234.50.

Allstate Stock Down 1.6%

Shares of NYSE:ALL opened at $205.59 on Monday. The business has a 50-day moving average price of $206.06 and a 200 day moving average price of $201.01. 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 company has a market capitalization of $54.17 billion, a price-to-earnings ratio of 9.67, a PEG ratio of 0.78 and a beta of 0.38. The Allstate Corporation has a 12-month low of $176.00 and a 12-month high of $215.70.

Allstate (NYSE:ALL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.20 by $2.74. The firm had revenue of $15.05 billion during the quarter, compared to the consensus estimate of $16.59 billion. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the company earned $1.61 EPS. Sell-side analysts expect that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 29th. Allstate's payout ratio is currently 18.81%.

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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