Natixis Advisors LLC Raises Stock Holdings in The Allstate Corporation (NYSE:ALL)

Key Points

• Natixis Advisors LLC increased its stake in The Allstate Corporation by 15.0%, holding a total of 302,517 shares valued at approximately $62.64 million after purchasing an additional 39,369 shares in the first quarter.
• The Allstate Corporation reported $5.94 earnings per share for the last quarter, significantly exceeding the consensus estimate of $3.20, while its revenue of $15.05 billion fell short of analyst expectations.
• Allstate's recent quarterly dividend was set at $1.00 per share, representing an annualized yield of 2.08% and a dividend payout ratio of 27.32%.

Natixis Advisors LLC lifted its position in The Allstate Corporation (NYSE:ALL - Free Report) by 15.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 302,517 shares of the insurance provider's stock after buying an additional 39,369 shares during the quarter. Natixis Advisors LLC owned approximately 0.11% of Allstate worth $62,642,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hughes Financial Services LLC purchased a new stake in shares of Allstate in the first quarter worth about $28,000. Kapitalo Investimentos Ltda purchased a new stake in Allstate in the fourth quarter valued at approximately $29,000. Meeder Asset Management Inc. raised its stake in Allstate by 113.8% in the first quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider's stock valued at $39,000 after purchasing an additional 99 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Allstate in the fourth quarter valued at approximately $40,000. Finally, Mattson Financial Services LLC purchased a new stake in Allstate in the fourth quarter valued at approximately $44,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ALL has been the topic of several research reports. Keefe, Bruyette & Woods lifted their price target on shares of Allstate from $235.00 to $237.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Wells Fargo & Company cut their target price on shares of 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 raised their target price on shares of Allstate from $230.00 to $235.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Wall Street Zen cut shares of Allstate from a "buy" rating to a "hold" rating in a report on Monday. Finally, BMO Capital Markets restated an "outperform" rating on shares of Allstate in a report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $228.40.

Allstate Stock Performance

Allstate stock traded down $3.54 during midday trading on Friday, hitting $199.71. The stock had a trading volume of 2,041,482 shares, compared to its average volume of 1,619,968. The firm's fifty day moving average is $198.37 and its two-hundred day moving average is $197.20. The company has a market capitalization of $52.63 billion, a PE ratio of 9.39, a P/E/G ratio of 1.06 and a beta of 0.35. The Allstate Corporation has a 52-week low of $168.36 and a 52-week high of $213.18. The company has a current ratio of 0.43, a quick ratio of 0.40 and a debt-to-equity ratio of 0.37.

Allstate (NYSE:ALL - Get Free Report) last released its earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.20 by $2.74. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The company had revenue of $15.05 billion during the quarter, compared to analyst estimates of $16.59 billion. During the same period in the prior year, the firm posted $1.61 EPS. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. On average, research analysts forecast that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, August 29th. Allstate's dividend payout ratio is presently 27.32%.

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.