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Fiduciary Family Office LLC Invests $252,000 in The Allstate Corporation (NYSE:ALL)

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Key Points

  • Fiduciary Family Office LLC invested $252,000 in The Allstate Corporation by acquiring 1,218 shares in the first quarter, indicating growing institutional interest in the insurance provider.
  • The company's stock performance shows a market cap of $54.47 billion and a recent trading price around $206.71, with analysts suggesting a consensus price target of $230.00 based on a mixed rating outlook.
  • Allstate announced a quarterly dividend of $1.00, representing a 1.9% dividend yield, to be paid on October 1st, with a payout ratio of 18.81%.
  • Want stock alerts on Allstate? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Fiduciary Family Office LLC acquired a new position in The Allstate Corporation (NYSE:ALL - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,218 shares of the insurance provider's stock, valued at approximately $252,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ALL. Hughes Financial Services LLC bought a new position in Allstate in the 1st quarter worth approximately $28,000. Kapitalo Investimentos Ltda bought a new position in Allstate in the 4th quarter worth approximately $29,000. Meeder Asset Management Inc. grew 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 worth $39,000 after buying an additional 99 shares in the last quarter. McClarren Financial Advisors Inc. bought a new position in Allstate in the 1st quarter worth approximately $43,000. Finally, Mattson Financial Services LLC bought a new position in Allstate in the 4th quarter worth approximately $44,000. 76.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ALL shares. Raymond James Financial reissued a "strong-buy" rating and issued a $260.00 price objective (up from $250.00) on shares of Allstate in a report on Monday, August 4th. Wells Fargo & Company set a $202.00 price target on Allstate and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. Morgan Stanley upped their price objective on Allstate from $235.00 to $245.00 and gave the company an "overweight" rating in a report on Friday, August 1st. William Blair started coverage on Allstate in a research note on Friday, June 6th. They set a "sector outperform" rating for the company. Finally, Barclays reiterated an "underweight" rating and issued a $198.00 price target (up from $188.00) on shares of Allstate in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $230.00.

View Our Latest Analysis on ALL

Allstate Stock Performance

ALL opened at $206.71 on Friday. The firm has a market cap of $54.47 billion, a PE ratio of 9.72, a P/E/G ratio of 0.86 and a beta of 0.35. 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 business has a fifty day simple moving average of $198.31 and a 200-day simple moving average of $197.86. The Allstate Corporation has a fifty-two week low of $169.95 and a fifty-two week high of $213.18.

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, topping the consensus estimate 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 return on equity of 28.74% and a net margin of 8.79%. The company's revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company posted $1.61 EPS. As a group, equities analysts predict that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, August 29th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, August 29th. Allstate's dividend payout ratio (DPR) is 18.81%.

Allstate Profile

(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.

Further Reading

Want to see what other hedge funds are holding ALL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Allstate Corporation (NYSE:ALL - Free Report).

Institutional Ownership by Quarter for Allstate (NYSE:ALL)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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