CW Advisors LLC Reduces Stock Position in The Allstate Corporation $ALL

Key Points

• CW Advisors LLC reduced its stake in The Allstate Corporation by 1.0%, selling 1,410 shares to own a total of 133,344 shares worth approximately $27.6 million.
• Allstate recently reported earnings of $5.94 per share, significantly exceeding analysts' expectations of $3.20, along with a revenue of $15.05 billion.
• The company announced a quarterly dividend of $1.00 per share, representing an annualized yield of 1.9%, with a dividend payout ratio of 18.81%.

CW Advisors LLC lowered its stake in The Allstate Corporation (NYSE:ALL - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 133,344 shares of the insurance provider's stock after selling 1,410 shares during the period. CW Advisors LLC owned 0.05% of Allstate worth $27,612,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Hughes Financial Services LLC purchased a new position in shares of Allstate during the first quarter valued at about $28,000. Kapitalo Investimentos Ltda purchased a new position in shares of Allstate during the 4th quarter worth approximately $29,000. Meeder Asset Management Inc. raised its position in shares of Allstate by 113.8% in the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider's stock worth $39,000 after acquiring an additional 99 shares in the last quarter. McClarren Financial Advisors Inc. purchased a new position in shares of Allstate in the 1st quarter valued at approximately $43,000. Finally, Mattson Financial Services LLC purchased a new position in shares of Allstate in the 4th quarter valued at approximately $44,000. 76.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Citigroup raised Allstate to a "hold" rating in a research note on Wednesday, August 13th. Wells Fargo & Company set a $202.00 target price on shares of Allstate and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. Morgan Stanley increased their price target on shares of Allstate from $235.00 to $245.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Barclays reissued an "underweight" rating and set a $198.00 price target (up from $188.00) on shares of Allstate in a research report on Thursday, July 31st. Finally, Jefferies Financial Group upped their price objective on shares of Allstate from $254.00 to $255.00 and gave the stock a "buy" rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $230.73.

Allstate Stock Down 0.7%

Allstate stock traded down $1.3910 during mid-day trading on Friday, reaching $205.1590. The stock had a trading volume of 1,278,371 shares, compared to its average volume of 1,547,023. The Allstate Corporation has a one year low of $176.00 and a one year high of $214.76. The company has a 50-day moving average price of $199.16 and a two-hundred day moving average price of $199.05. The company has a market capitalization of $54.06 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 0.84 and a beta of 0.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43.

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

Allstate Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, August 29th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, August 29th. Allstate's payout ratio is presently 18.81%.

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.