Leeward Investments LLC MA Has $16.62 Million Stock Holdings in The Allstate Corporation (NYSE:ALL)

Leeward Investments LLC MA reduced its stake in The Allstate Corporation (NYSE:ALL - Free Report) by 19.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,248 shares of the insurance provider's stock after selling 19,949 shares during the period. Leeward Investments LLC MA's holdings in Allstate were worth $16,617,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. VSM Wealth Advisory LLC bought a new position in Allstate in the 4th quarter valued at about $25,000. Twin Tree Management LP acquired a new position in shares of Allstate in the fourth quarter valued at approximately $27,000. Vision Financial Markets LLC bought a new position in shares of Allstate during the fourth quarter worth approximately $29,000. Hopwood Financial Services Inc. acquired a new stake in Allstate during the 4th quarter worth approximately $29,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Allstate in the 4th quarter valued at $29,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Stock Performance

Shares of Allstate stock opened at $196.72 on Friday. The stock has a market cap of $52.09 billion, a price-to-earnings ratio of 13.44, a P/E/G ratio of 1.01 and a beta of 0.33. The Allstate Corporation has a twelve month low of $157.50 and a twelve month high of $213.18. The company's fifty day moving average is $201.30 and its 200 day moving average is $196.58. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.40.

Allstate (NYSE:ALL - Get Free Report) last issued 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). The company had revenue of $14.30 billion during the quarter, compared to analyst estimates of $16.41 billion. Allstate had a net margin of 6.19% and a return on equity of 24.62%. The company's quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $5.13 EPS. Sell-side analysts forecast that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Monday, June 9th. This represents a $4.00 annualized dividend and a yield of 2.03%. Allstate's payout ratio is 27.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Allstate from $200.00 to $197.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Raymond James Financial restated a "strong-buy" rating and set a $250.00 target price (up previously from $240.00) on shares of Allstate in a research report on Monday, May 5th. Morgan Stanley raised their target price on shares of Allstate from $225.00 to $235.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Barclays cut their price target on Allstate from $183.00 to $172.00 and set an "underweight" rating for the company in a research note on Friday, April 11th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Allstate in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Allstate currently has a consensus 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.

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