The Allstate Corporation (NYSE:ALL) Shares Purchased by Invesco LLC

Invesco LLC lifted its holdings in The Allstate Corporation (NYSE:ALL - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,073 shares of the insurance provider's stock after buying an additional 1,458 shares during the quarter. Allstate makes up about 1.4% of Invesco LLC's portfolio, making the stock its 19th biggest position. Invesco LLC's holdings in Allstate were worth $3,328,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. VSM Wealth Advisory LLC purchased a new stake in shares of Allstate in the fourth quarter worth approximately $25,000. Twin Tree Management LP purchased a new stake in shares of Allstate in the fourth quarter worth approximately $27,000. Vision Financial Markets LLC purchased a new stake in shares of Allstate in the fourth quarter worth approximately $29,000. Hopwood Financial Services Inc. purchased a new stake in shares of Allstate in the fourth quarter worth approximately $29,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Allstate in the fourth quarter worth approximately $29,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Stock Up 0.8%

NYSE ALL traded up $1.52 during midday trading on Friday, hitting $195.67. 3,249,521 shares of the company traded hands, compared to its average volume of 1,630,932. 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 company has a market cap of $51.82 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 1.01 and a beta of 0.35. The company's 50-day simple moving average is $200.85 and its 200-day simple moving average is $196.47. The Allstate Corporation has a 52 week low of $157.50 and a 52 week high of $213.18.

Allstate (NYSE:ALL - Get Free Report) last announced its earnings results 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). The company had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $16.41 billion. Allstate had a net margin of 6.19% and a return on equity of 24.62%. The firm's revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business posted $5.13 EPS. As a group, equities research analysts forecast that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 9th will be given a $1.00 dividend. The ex-dividend date is Monday, June 9th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.04%. Allstate's payout ratio is 27.32%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ALL shares. Evercore ISI increased their price target on Allstate from $227.00 to $230.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. increased 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. Argus upgraded Allstate from a "hold" rating to a "buy" rating in a report on Monday, March 3rd. William Blair started coverage on Allstate in a report on Friday, June 6th. They set a "sector outperform" rating on the stock. Finally, Barclays reduced their price objective on Allstate from $183.00 to $172.00 and set an "underweight" rating on the stock 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $225.20.

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.