The Allstate Corporation (NYSE:ALL) Shares Acquired by Mount Lucas Management LP

Mount Lucas Management LP lifted its position in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 297.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,626 shares of the insurance provider's stock after purchasing an additional 7,950 shares during the period. Allstate comprises 0.7% of Mount Lucas Management LP's investment portfolio, making the stock its 27th largest holding. Mount Lucas Management LP's holdings in Allstate were worth $2,200,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Hughes Financial Services LLC bought a new stake in Allstate during the first quarter worth $28,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Allstate in the 4th quarter valued at about $29,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Allstate during the 4th quarter valued at about $40,000. Mattson Financial Services LLC purchased a new position in shares of Allstate during the 4th quarter valued at about $44,000. Finally, Wayfinding Financial LLC bought a new stake in Allstate in the first quarter valued at approximately $54,000. 76.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ALL shares. Keefe, Bruyette & Woods boosted their target price on Allstate from $235.00 to $237.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Wells Fargo & Company lowered their price target on Allstate from $200.00 to $197.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. UBS Group increased their target price on Allstate from $230.00 to $235.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Wall Street Zen upgraded Allstate from a "hold" rating to a "buy" rating in a research report on Sunday, July 20th. Finally, Evercore ISI increased their target price on Allstate from $227.00 to $230.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Allstate has a consensus rating of "Moderate Buy" and a consensus price target of $227.07.

Allstate Stock Up 1.0%

NYSE ALL traded up $1.91 on Friday, reaching $195.85. 1,370,899 shares of the stock traded hands, compared to its average volume of 1,562,177. The Allstate Corporation has a 12 month low of $166.46 and a 12 month high of $213.18. The company has a fifty day moving average price of $199.34 and a 200-day moving average price of $196.88. The company has a market cap of $51.86 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.00 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.

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

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.00 dividend on an annualized basis and a yield of 2.04%. Allstate's dividend payout ratio is currently 27.32%.

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.