J.W. Cole Advisors Inc. Increases Stock Holdings in The Allstate Corporation (NYSE:ALL)

J.W. Cole Advisors Inc. lifted its stake in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 331.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,994 shares of the insurance provider's stock after acquiring an additional 7,679 shares during the period. J.W. Cole Advisors Inc.'s holdings in Allstate were worth $2,069,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. IFP Advisors Inc boosted its stake in shares of Allstate by 15.4% during the first quarter. IFP Advisors Inc now owns 1,032 shares of the insurance provider's stock valued at $214,000 after acquiring an additional 138 shares during the last quarter. OneAscent Financial Services LLC boosted its stake in shares of Allstate by 91.9% during the first quarter. OneAscent Financial Services LLC now owns 2,832 shares of the insurance provider's stock valued at $588,000 after acquiring an additional 1,356 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC boosted its stake in shares of Allstate by 13,750.0% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 277 shares of the insurance provider's stock valued at $57,000 after acquiring an additional 275 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in shares of Allstate during the first quarter valued at $226,000. Finally, AustralianSuper Pty Ltd boosted its stake in shares of Allstate by 128.2% during the first quarter. AustralianSuper Pty Ltd now owns 508,949 shares of the insurance provider's stock valued at $105,388,000 after acquiring an additional 285,969 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company's stock.

Allstate Stock Performance

Allstate stock opened at $192.86 on Tuesday. The stock's 50 day moving average price is $200.18 and its 200 day moving average price is $196.73. The firm has a market capitalization of $51.07 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 1.01 and a beta of 0.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.40 and a current ratio of 0.40. The Allstate Corporation has a one year low of $162.27 and a one year 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 analysts' consensus estimates of $3.98 by ($0.45). Allstate had a net margin of 6.19% and a return on equity of 24.62%. The business had revenue of $14.30 billion during the quarter, compared to analyst estimates of $16.41 billion. During the same period in the previous year, the company earned $5.13 earnings per share. The business's revenue for the quarter was up 7.8% on a year-over-year basis. As a group, sell-side analysts expect 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. Shareholders of record on Friday, August 29th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Friday, August 29th. Allstate's payout ratio is 27.32%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ALL. Wall Street Zen raised Allstate from a "hold" rating to a "buy" rating in a research note on Sunday. BMO Capital Markets reissued an "outperform" rating on shares of Allstate in a research note on Friday, May 16th. Raymond James Financial reiterated a "strong-buy" rating and set a $250.00 target price (up previously from $240.00) on shares of Allstate in a report on Monday, May 5th. Keefe, Bruyette & Woods raised their price target on shares of Allstate from $235.00 to $237.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Finally, UBS Group raised their price target on shares of Allstate from $230.00 to $235.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Allstate currently has a consensus rating of "Moderate Buy" and a consensus price target of $227.07.

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.

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