Fiduciary Alliance LLC Acquires 11,471 Shares of The Allstate Co. (NYSE:ALL)

Fiduciary Alliance LLC increased its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 490.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,809 shares of the insurance provider's stock after acquiring an additional 11,471 shares during the quarter. Fiduciary Alliance LLC's holdings in Allstate were worth $2,859,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Czech National Bank boosted its position in shares of Allstate by 6.0% during the first quarter. Czech National Bank now owns 60,866 shares of the insurance provider's stock worth $12,604,000 after purchasing an additional 3,451 shares in the last quarter. JGP Wealth Management LLC bought a new stake in shares of Allstate in the 1st quarter valued at $203,000. 180 Wealth Advisors LLC raised its stake in Allstate by 126.2% during the 1st quarter. 180 Wealth Advisors LLC now owns 7,639 shares of the insurance provider's stock worth $1,582,000 after buying an additional 4,262 shares during the period. Rhumbline Advisers lifted its holdings in Allstate by 3.3% during the first quarter. Rhumbline Advisers now owns 530,929 shares of the insurance provider's stock worth $109,940,000 after acquiring an additional 16,969 shares in the last quarter. Finally, Bowman & Co S.C. grew its stake in Allstate by 4.4% in the first quarter. Bowman & Co S.C. now owns 6,720 shares of the insurance provider's stock valued at $1,394,000 after acquiring an additional 285 shares during the period. Institutional investors and hedge funds own 76.47% of the company's stock.

Analysts Set New Price Targets

ALL has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on Allstate from $228.00 to $235.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. BMO Capital Markets restated an "outperform" rating on shares of Allstate in a report on Friday, May 16th. JPMorgan Chase & Co. upped their price target on shares of Allstate from $217.00 to $222.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Raymond James reissued a "strong-buy" rating and set a $250.00 price objective (up previously from $240.00) on shares of Allstate in a research report on Monday, May 5th. Finally, Argus raised shares of Allstate from a "hold" rating to a "buy" rating in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $225.20.

Allstate Stock Performance

Shares of Allstate stock traded down $1.23 during trading on Tuesday, hitting $211.41. 1,263,468 shares of the stock were exchanged, compared to its average volume of 1,608,232. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average price of $199.54 and a 200-day moving average price of $196.87. The stock has a market capitalization of $55.98 billion, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 1.01 and a beta of 0.32. The Allstate Co. has a 1-year low of $156.66 and a 1-year high of $213.04.

Allstate (NYSE:ALL - Get Free Report) last posted its earnings results on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share for the quarter, missing analysts' consensus estimates of $3.98 by ($0.45). Allstate had a return on equity of 28.20% and a net margin of 7.28%. The business had revenue of $14.30 billion for the quarter, compared to analyst estimates of $16.41 billion. During the same period in the previous year, the firm posted $5.13 earnings per share. The firm's revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts predict that The Allstate Co. will post 18.74 EPS for the current fiscal year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 9th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $4.00 annualized dividend and a dividend yield of 1.89%. Allstate's dividend payout ratio is currently 27.32%.

Allstate declared that its Board of Directors has approved a share buyback 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 reacquire up to 3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

About Allstate

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.