Crescent Grove Advisors LLC Acquires New Holdings in The Allstate Corporation (NYSE:ALL)

Crescent Grove Advisors LLC acquired a new stake in shares of The Allstate Corporation (NYSE:ALL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,544 shares of the insurance provider's stock, valued at approximately $321,000.

Other hedge funds also recently bought and sold shares of the company. VSM Wealth Advisory LLC purchased a new position in Allstate during the fourth quarter valued at approximately $25,000. Twin Tree Management LP purchased a new position in Allstate in the 4th quarter worth approximately $27,000. Vision Financial Markets LLC purchased a new position in Allstate in the 4th quarter worth approximately $29,000. Hopwood Financial Services Inc. purchased a new position in Allstate in the 4th quarter worth approximately $29,000. Finally, Kapitalo Investimentos Ltda purchased a new position in Allstate in the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 76.47% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. JPMorgan Chase & Co. increased their target price on Allstate from $217.00 to $222.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Argus upgraded Allstate from a "hold" rating to a "buy" rating in a research report on Monday, March 3rd. Evercore ISI upped their target price on Allstate from $227.00 to $230.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. BMO Capital Markets reissued an "outperform" rating on shares of Allstate in a research note on Friday, May 16th. Finally, Wells Fargo & Company cut their price objective on shares of Allstate from $200.00 to $197.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $225.20.

Allstate Stock Up 0.8%

Shares of NYSE ALL opened at $195.67 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.40. The Allstate Corporation has a 12 month low of $157.50 and a 12 month high of $213.18. The firm has a market capitalization of $51.82 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 1.02 and a beta of 0.35. The firm has a fifty day simple moving average of $200.85 and a two-hundred day simple moving average of $196.49.

Allstate (NYSE:ALL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.53 EPS 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 company had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $16.41 billion. During the same quarter last year, the company posted $5.13 earnings per share. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. Equities analysts expect that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 9th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $4.00 annualized dividend and a yield of 2.04%. Allstate's dividend payout ratio (DPR) is presently 27.32%.

Allstate Company 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.

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