The Allstate Corporation $ALL Stock Position Lowered by GW Henssler & Associates Ltd.

Key Points

• GW Henssler & Associates Ltd. reduced its stake in The Allstate Corporation by 2.1%, now holding 181,376 shares worth approximately $37.56 million.
• Several institutional investors, including Vanguard Group and Price T Rowe Associates, increased their positions in Allstate, with Vanguard owning over 32 million shares valued at nearly $6.8 billion.
• Analysts have mixed ratings for Allstate, with the average target price set at $230.73 and the stock currently rated as a "Moderate Buy."

GW Henssler & Associates Ltd. cut its holdings in The Allstate Corporation (NYSE:ALL - Free Report) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,376 shares of the insurance provider's stock after selling 3,847 shares during the quarter. Allstate makes up approximately 2.1% of GW Henssler & Associates Ltd.'s portfolio, making the stock its 9th largest holding. GW Henssler & Associates Ltd. owned 0.07% of Allstate worth $37,558,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Sequoia Financial Advisors LLC grew its position in shares of Allstate by 30.3% in the first quarter. Sequoia Financial Advisors LLC now owns 11,361 shares of the insurance provider's stock valued at $2,352,000 after purchasing an additional 2,643 shares during the last quarter. Atlas Capital Advisors Inc. lifted its stake in shares of Allstate by 197.3% during the first quarter. Atlas Capital Advisors Inc. now owns 6,712 shares of the insurance provider's stock valued at $1,390,000 after buying an additional 4,454 shares during the period. Richard Bernstein Advisors LLC purchased a new position in shares of Allstate during the first quarter valued at approximately $3,341,000. Dock Street Asset Management Inc. purchased a new position in shares of Allstate during the first quarter valued at approximately $207,000. Finally, First Citizens Bank & Trust Co. lifted its stake in shares of Allstate by 5.5% during the first quarter. First Citizens Bank & Trust Co. now owns 57,499 shares of the insurance provider's stock valued at $11,906,000 after buying an additional 2,981 shares during the period. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Trading Down 3.3%

Shares of ALL traded down $6.94 during mid-day trading on Friday, reaching $201.39. The company had a trading volume of 1,404,997 shares, compared to its average volume of 1,111,447. The stock has a market cap of $53.07 billion, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 0.83 and a beta of 0.37. The firm has a fifty day simple moving average of $200.72 and a 200-day simple moving average of $199.97. The Allstate Corporation has a fifty-two week low of $176.00 and a fifty-two week high of $214.76. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37.

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

Allstate Dividend Announcement

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 paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, August 29th. Allstate's dividend payout ratio (DPR) is currently 18.81%.

Analyst Ratings Changes

ALL has been the topic of several recent analyst reports. Cantor Fitzgerald raised shares of Allstate to a "hold" rating in a research note on Wednesday, August 13th. Barclays reissued an "underweight" rating and set a $198.00 price objective (up previously from $188.00) on shares of Allstate in a research note on Thursday, July 31st. Morgan Stanley upped their price objective on shares of Allstate from $235.00 to $245.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Jefferies Financial Group upped their price objective on shares of Allstate from $254.00 to $255.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Finally, Citigroup raised shares of Allstate to a "hold" rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $231.21.

Allstate 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.