Financial Counselors Inc. Sells 7,124 Shares of The Allstate Corporation (NYSE:ALL)

Financial Counselors Inc. cut its position in The Allstate Corporation (NYSE:ALL - Free Report) by 7.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,797 shares of the insurance provider's stock after selling 7,124 shares during the quarter. Financial Counselors Inc.'s holdings in Allstate were worth $19,008,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ALL. Vanguard Group Inc. boosted its position in shares of Allstate by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 32,635,424 shares of the insurance provider's stock valued at $6,291,783,000 after acquiring an additional 389,426 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Allstate by 2.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,334,926 shares of the insurance provider's stock valued at $1,799,681,000 after purchasing an additional 218,771 shares during the period. Bank of America Corp DE boosted its holdings in Allstate by 157.9% in the 4th quarter. Bank of America Corp DE now owns 6,591,138 shares of the insurance provider's stock valued at $1,270,705,000 after purchasing an additional 4,035,629 shares during the period. Geode Capital Management LLC boosted its holdings in Allstate by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 6,419,728 shares of the insurance provider's stock valued at $1,236,060,000 after purchasing an additional 191,147 shares during the period. Finally, GQG Partners LLC boosted its holdings in Allstate by 64.1% in the 4th quarter. GQG Partners LLC now owns 4,316,516 shares of the insurance provider's stock valued at $832,181,000 after purchasing an additional 1,685,694 shares during the period. 76.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ALL shares. JPMorgan Chase & Co. upped their target price on Allstate from $217.00 to $222.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Evercore ISI upped their price objective on shares of Allstate from $227.00 to $230.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Wells Fargo & Company cut their price target on shares of Allstate from $200.00 to $197.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Morgan Stanley upped their target price on Allstate from $225.00 to $235.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Finally, Barclays dropped their target price on shares of Allstate from $183.00 to $172.00 and set an "underweight" rating for the company in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Allstate currently has a consensus rating of "Moderate Buy" and an average price target of $225.20.

Allstate Stock Up 1.0%

Shares of NYSE:ALL opened at $196.72 on Monday. The company has a market capitalization of $52.09 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.40 and a quick ratio of 0.40. The business has a fifty day moving average price of $201.37 and a two-hundred day moving average price of $196.70. The Allstate Corporation has a 1 year low of $158.04 and a 1 year high of $213.18.

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

Allstate Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 9th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.03%. The ex-dividend date was Monday, June 9th. Allstate's dividend payout ratio (DPR) is 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.

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