Cwm LLC Sells 2,817 Shares of The Allstate Corporation (NYSE:ALL)

CWM LLC trimmed its position in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 1.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 172,598 shares of the insurance provider's stock after selling 2,817 shares during the period. CWM LLC owned approximately 0.07% of Allstate worth $35,740,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC acquired a new position in shares of Allstate in the 4th quarter worth approximately $25,000. Twin Tree Management LP acquired a new position in shares of Allstate in the 4th quarter worth approximately $27,000. Hughes Financial Services LLC acquired a new position in shares of Allstate in the 1st quarter worth approximately $28,000. Kapitalo Investimentos Ltda acquired a new position in shares of Allstate in the 4th quarter worth approximately $29,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Allstate in the 4th quarter worth approximately $40,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on ALL. Evercore ISI upped their price objective on Allstate from $227.00 to $230.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Raymond James Financial reaffirmed a "strong-buy" rating and set a $250.00 price objective (up previously from $240.00) on shares of Allstate in a report on Monday, May 5th. Wells Fargo & Company reduced their price objective on Allstate from $200.00 to $197.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. Wall Street Zen downgraded Allstate from a "buy" rating to a "hold" rating in a report on Saturday. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Allstate in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $227.07.

Allstate Trading Up 1.7%

Allstate stock traded up $3.20 during mid-day trading on Wednesday, hitting $195.63. 1,448,218 shares of the company's stock were exchanged, compared to its average volume of 1,644,701. The firm has a market capitalization of $51.81 billion, a P/E ratio of 13.36, a PEG ratio of 0.99 and a beta of 0.33. The Allstate Corporation has a fifty-two week low of $162.27 and a fifty-two week high of $213.18. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.40. The company's 50 day simple moving average is $200.71 and its 200-day simple moving average is $196.66.

Allstate (NYSE:ALL - Get Free Report) last released its earnings results on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.98 by ($0.45). The firm had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $16.41 billion. Allstate had a return on equity of 24.62% and a net margin of 6.19%. Allstate's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $5.13 EPS. On average, equities analysts anticipate that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Friday, August 29th. 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.