The Allstate Corporation (NYSE:ALL) Holdings Raised by Oak Thistle LLC

Oak Thistle LLC grew its holdings in The Allstate Corporation (NYSE:ALL - Free Report) by 793.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,826 shares of the insurance provider's stock after purchasing an additional 18,496 shares during the quarter. Allstate makes up approximately 0.9% of Oak Thistle LLC's portfolio, making the stock its 6th largest holding. Oak Thistle LLC's holdings in Allstate were worth $4,312,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ALL. Bank of America Corp DE grew its position in shares of Allstate by 157.9% in the fourth quarter. Bank of America Corp DE now owns 6,591,138 shares of the insurance provider's stock valued at $1,270,705,000 after purchasing an additional 4,035,629 shares during the last quarter. Norges Bank purchased a new position in shares of Allstate during the fourth quarter valued at approximately $344,354,000. GQG Partners LLC lifted its stake in shares of Allstate by 64.1% during the fourth quarter. GQG Partners LLC now owns 4,316,516 shares of the insurance provider's stock valued at $832,181,000 after buying an additional 1,685,694 shares during the period. GAMMA Investing LLC lifted its stake in shares of Allstate by 25,026.1% during the first quarter. GAMMA Investing LLC now owns 1,273,895 shares of the insurance provider's stock valued at $263,785,000 after buying an additional 1,268,825 shares during the period. Finally, Castle Hook Partners LP lifted its stake in shares of Allstate by 1,303.3% during the fourth quarter. Castle Hook Partners LP now owns 824,838 shares of the insurance provider's stock valued at $159,021,000 after buying an additional 766,058 shares during the period. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Trading Up 1.0%

Shares of ALL stock traded up $1.91 during mid-day trading on Friday, reaching $195.85. The company's stock had a trading volume of 1,370,899 shares, compared to its average volume of 1,562,177. The company's 50 day simple moving average is $199.34 and its 200-day simple moving average is $196.91. The Allstate Corporation has a 12-month low of $166.46 and a 12-month high of $213.18. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $51.86 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 1.01 and a beta of 0.33.

Allstate (NYSE:ALL - Get Free Report) last issued its earnings results on Wednesday, April 30th. The insurance provider reported $3.53 EPS for the quarter, missing analysts' consensus estimates of $3.98 by ($0.45). Allstate had a net margin of 6.19% and a return on equity of 24.62%. The business had revenue of $14.30 billion during the quarter, compared to analysts' expectations of $16.41 billion. During the same period in the prior year, the business posted $5.13 EPS. The business's revenue was up 7.8% on a year-over-year basis. On average, research analysts predict that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, August 29th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Friday, August 29th. Allstate's dividend payout ratio is presently 27.32%.

Wall Street Analysts Forecast Growth

ALL has been the topic of several recent analyst reports. Raymond James Financial reissued a "strong-buy" rating and set a $250.00 price objective (up previously from $240.00) on shares of Allstate in a research note on Monday, May 5th. Wall Street Zen raised shares of Allstate from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Morgan Stanley upped their price objective on shares of Allstate from $225.00 to $235.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. upped their price objective on shares of Allstate from $217.00 to $222.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Finally, Evercore ISI upped their price objective on shares of Allstate from $227.00 to $230.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $227.07.

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.