2,299 Shares in The Allstate Corporation $ALL Bought by First Hawaiian Bank

Key Points

• First Hawaiian Bank acquired a new stake in The Allstate Corporation, purchasing 2,299 shares valued at approximately $476,000 during the 1st quarter.
• Allstate recently reported a quarterly earnings per share (EPS) of $5.94, significantly surpassing the consensus estimate of $3.20, while its revenue reached $15.05 billion.
• The company announced a quarterly dividend of $1.00, payable on October 1st, with a current annualized yield of 2.0%.

First Hawaiian Bank purchased a new position in shares of The Allstate Corporation (NYSE:ALL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,299 shares of the insurance provider's stock, valued at approximately $476,000.

Several other large investors have also made changes to their positions in ALL. Hughes Financial Services LLC acquired a new stake in shares of Allstate during the 1st quarter worth approximately $28,000. Meeder Asset Management Inc. boosted its position in shares of Allstate by 113.8% during the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider's stock worth $39,000 after acquiring an additional 99 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new stake in shares of Allstate during the 1st quarter worth approximately $43,000. Mattson Financial Services LLC acquired a new stake in shares of Allstate during the 4th quarter worth approximately $44,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Allstate during the 1st quarter worth approximately $51,000. Institutional investors and hedge funds own 76.47% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wall Street Zen upgraded shares of Allstate from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Jefferies Financial Group raised their target price on shares of Allstate from $254.00 to $255.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Cantor Fitzgerald upgraded shares of Allstate to a "hold" rating in a research report on Wednesday, August 13th. William Blair assumed coverage on shares of Allstate in a research report on Friday, June 6th. They issued a "sector outperform" rating on the stock. Finally, Wells Fargo & Company set a $202.00 target price on shares of Allstate and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $231.47.

Allstate Trading Up 0.2%

Shares of ALL stock traded up $0.31 during trading hours on Friday, hitting $205.99. 3,162,110 shares of the company's stock traded hands, compared to its average volume of 1,252,542. The stock's 50 day simple moving average is $201.63 and its 200 day simple moving average is $200.50. The stock has a market cap of $54.28 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.82 and a beta of 0.37. The Allstate Corporation has a 12 month low of $176.00 and a 12 month high of $214.76. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.37.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.20 by $2.74. The firm had revenue of $15.05 billion during the quarter, compared to the consensus estimate of $16.59 billion. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The company's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.61 earnings per share. On average, sell-side analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Announces Dividend

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

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.