The Allstate Co. (NYSE:ALL) Shares Acquired by 180 Wealth Advisors LLC

180 Wealth Advisors LLC boosted its position in The Allstate Co. (NYSE:ALL - Free Report) by 126.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,639 shares of the insurance provider's stock after purchasing an additional 4,262 shares during the quarter. 180 Wealth Advisors LLC's holdings in Allstate were worth $1,582,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC acquired a new stake in shares of Allstate in the 4th quarter worth $25,000. Twin Tree Management LP acquired a new stake in shares of Allstate in the 4th quarter worth $27,000. Vision Financial Markets LLC acquired a new stake in shares of Allstate in the 4th quarter worth $29,000. Hopwood Financial Services Inc. acquired a new stake in shares of Allstate in the 4th quarter worth $29,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Allstate in the 4th quarter worth $29,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Stock Down 0.3%

ALL stock traded down $0.67 during mid-day trading on Thursday, reaching $206.12. The company had a trading volume of 452,908 shares, compared to its average volume of 1,602,806. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.40 and a current ratio of 0.36. The company has a market capitalization of $54.58 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 1.01 and a beta of 0.32. The firm has a fifty day simple moving average of $199.59 and a 200 day simple moving average of $197.04. The Allstate Co. has a fifty-two week low of $156.66 and a fifty-two week high of $213.18.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly 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). 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 7.28% and a return on equity of 28.20%. Allstate's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the business earned $5.13 EPS. Analysts forecast that The Allstate Co. will post 18.74 earnings per share for the current fiscal year.

Allstate Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 9th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Monday, June 9th. Allstate's dividend payout ratio is currently 27.32%.

Allstate announced that its board has initiated a share repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the insurance provider to buy up to 3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

ALL has been the subject of a number of research analyst reports. Morgan Stanley increased their price target on Allstate from $225.00 to $235.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. BMO Capital Markets reiterated an "outperform" rating on shares of Allstate in a report on Friday, May 16th. Raymond James reiterated a "strong-buy" rating and set a $250.00 price target (up from $240.00) on shares of Allstate in a report on Monday, May 5th. Argus upgraded Allstate from a "hold" rating to a "buy" rating in a report on Monday, March 3rd. Finally, Barclays lowered their price target on Allstate from $183.00 to $172.00 and set an "underweight" rating for the company in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.