Cwm LLC Sells 4,936 Shares of The Allstate Corporation $ALL

Key Points

• Cwm LLC has reduced its holdings in The Allstate Corporation by 2.9%, selling 4,936 shares during the 2nd quarter, now owning 167,662 shares valued at approximately $33.75 million.
• Allstate's stock is currently down 1.6%, with a market cap of $54.17 billion, a P/E ratio of 9.67, and analysts forecasting 18.74 EPS for the current fiscal year.
• The company recently announced a quarterly dividend of $1.00 per share, representing an annualized dividend of $4.00 and a yield of 1.9%.

Cwm LLC lessened its holdings in The Allstate Corporation (NYSE:ALL - Free Report) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 167,662 shares of the insurance provider's stock after selling 4,936 shares during the quarter. Cwm LLC owned 0.06% of Allstate worth $33,752,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ALL. Arlington Trust Co LLC increased its holdings in Allstate by 261.8% in 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 during the period. Hughes Financial Services LLC bought a new stake in Allstate in the 1st quarter valued at $28,000. Hilltop National Bank bought a new stake in Allstate in the 2nd quarter valued at $34,000. Meeder Asset Management Inc. increased its holdings 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 during the period. Finally, McClarren Financial Advisors Inc. bought a new stake in Allstate in the 1st quarter valued at $43,000. Institutional investors own 76.47% of the company's stock.

Allstate Stock Down 1.6%

Shares of NYSE:ALL opened at $205.59 on Monday. The Allstate Corporation has a 12 month low of $176.00 and a 12 month high of $215.70. The company's 50-day moving average price is $206.06 and its two-hundred day moving average price is $201.01. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.37. The firm has a market cap of $54.17 billion, a P/E ratio of 9.67, a P/E/G ratio of 0.78 and a beta of 0.38.

Allstate (NYSE:ALL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 EPS for the quarter, topping analysts' consensus estimates of $3.20 by $2.74. Allstate had a net margin of 8.79% and a return on equity of 28.74%. 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 earned $1.61 EPS. The company's revenue was up 5.8% on a year-over-year basis. As a group, research analysts forecast that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Announces Dividend

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

Analysts Set New Price Targets

ALL has been the topic of several analyst reports. Morgan Stanley upped their target price on shares of Allstate from $235.00 to $245.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. BMO Capital Markets upped their target price on shares of Allstate from $230.00 to $235.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. upped their target price on shares of Allstate from $235.00 to $254.00 and gave the stock an "overweight" rating in a report on Thursday. Citigroup raised shares of Allstate to a "hold" rating in a report on Wednesday, August 13th. Finally, Roth Capital set a $230.00 target price on shares of Allstate and gave the stock a "buy" rating in a report on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $234.50.

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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