Easterly Investment Partners LLC acquired a new stake in shares of The Allstate Corporation (NYSE:ALL - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 15,544 shares of the insurance provider's stock, valued at approximately $3,219,000.
A number of other large investors have also recently made changes to their positions in the stock. Rehmann Capital Advisory Group lifted its holdings in shares of Allstate by 3.2% in the 1st quarter. Rehmann Capital Advisory Group now owns 1,630 shares of the insurance provider's stock worth $338,000 after buying an additional 51 shares during the period. Vantage Point Financial LLC lifted its holdings in shares of Allstate by 3.6% in the 1st quarter. Vantage Point Financial LLC now owns 1,495 shares of the insurance provider's stock worth $310,000 after buying an additional 52 shares during the period. Confluence Wealth Services Inc. lifted its holdings in shares of Allstate by 0.7% in the 1st quarter. Confluence Wealth Services Inc. now owns 8,000 shares of the insurance provider's stock worth $1,558,000 after buying an additional 54 shares during the period. Achmea Investment Management B.V. lifted its stake in shares of Allstate by 0.3% during the 1st quarter. Achmea Investment Management B.V. now owns 20,586 shares of the insurance provider's stock worth $4,262,000 after purchasing an additional 57 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC lifted its stake in shares of Allstate by 1.7% during the 1st quarter. Avidian Wealth Enterprises LLC now owns 3,552 shares of the insurance provider's stock worth $735,000 after purchasing an additional 59 shares during the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages recently weighed in 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 research note on Thursday, May 1st. UBS Group upped their price objective on Allstate from $230.00 to $235.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. upped their price objective on Allstate from $217.00 to $222.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Wall Street Zen cut Allstate from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Raymond James Financial restated a "strong-buy" rating and set a $250.00 price objective (up from $240.00) on shares of Allstate in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $227.07.
Get Our Latest Stock Report on ALL
Allstate Stock Performance
Shares of NYSE:ALL traded up $1.19 during trading on Friday, hitting $194.21. The stock had a trading volume of 1,617,433 shares, compared to its average volume of 1,648,592. The Allstate Corporation has a 12-month low of $162.27 and a 12-month high of $213.18. The stock has a market capitalization of $51.43 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 1.01 and a beta of 0.33. 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 stock has a 50-day simple moving average of $200.35 and a two-hundred day simple moving average of $196.66.
Allstate (NYSE:ALL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share (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 firm had revenue of $14.30 billion during the quarter, compared to analysts' expectations of $16.41 billion. During the same quarter in the previous year, the business earned $5.13 earnings per share. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities research analysts expect that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.
Allstate Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, August 29th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, August 29th. Allstate's payout ratio is 27.32%.
Allstate Profile
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Free Report)
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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