Prudential PLC Has $1.71 Million Stock Position in The Allstate Corporation $ALL

Key Points

• Prudential PLC increased its holdings in The Allstate Corporation by 92.8% in Q1, now owning 8,262 shares worth approximately $1.71 million.
• Allstate recently reported a quarterly EPS of $5.94, significantly exceeding the consensus estimate of $3.20, with year-over-year revenue growth of 5.8%.
• The company declared a quarterly dividend of $1.00 per share, representing a 1.9% yield, to be paid on October 1st.

Prudential PLC lifted its stake in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 92.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,262 shares of the insurance provider's stock after buying an additional 3,977 shares during the period. Prudential PLC's holdings in Allstate were worth $1,711,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Hughes Financial Services LLC acquired a new position in Allstate in the 1st quarter worth about $28,000. Kapitalo Investimentos Ltda bought a new stake in shares of Allstate during the fourth quarter worth about $29,000. Meeder Asset Management Inc. increased its stake in shares of 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 buying an additional 99 shares during the period. McClarren Financial Advisors Inc. bought a new position in Allstate in the 1st quarter valued at approximately $43,000. Finally, Mattson Financial Services LLC acquired a new stake in Allstate during the 4th quarter worth approximately $44,000. 76.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Cantor Fitzgerald upgraded shares of Allstate to a "hold" rating in a research report on Wednesday, August 13th. BMO Capital Markets restated an "outperform" rating on shares of Allstate in a report on Friday, May 16th. Wall Street Zen raised Allstate from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Wells Fargo & Company set a $202.00 price target on Allstate and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. Finally, UBS Group increased their price target on Allstate from $230.00 to $235.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. One analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Allstate has an average rating of "Moderate Buy" and a consensus price target of $229.33.

Allstate Stock Up 0.3%

ALL traded up $0.60 during midday trading on Monday, hitting $207.38. The company had a trading volume of 467,178 shares, compared to its average volume of 1,734,328. The company has a market capitalization of $54.65 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 0.84 and a beta of 0.35. The stock's 50 day moving average price is $198.15 and its 200 day moving average price is $198.52. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.37. The Allstate Corporation has a 52 week low of $176.00 and a 52 week high of $213.18.

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

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, August 29th will be given a $1.00 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.00 annualized dividend and a yield of 1.9%. Allstate's dividend payout ratio (DPR) is presently 18.81%.

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.