The Allstate Corporation (NYSE:ALL) Shares Acquired by Knights of Columbus Asset Advisors LLC

Key Points

• Knights of Columbus Asset Advisors LLC increased its holdings in The Allstate Corporation by 10.1%, now owning over 51,800 shares valued at approximately $10.7 million.
• Several analysts raised their target prices for Allstate, with Morgan Stanley and UBS Group both setting new targets at $235.00, reflecting strong market confidence.
• Allstate declared a quarterly dividend of $1.00, resulting in an annualized dividend yield of 2.06%, scheduled for payment on October 1st.

Knights of Columbus Asset Advisors LLC increased its position in The Allstate Corporation (NYSE:ALL - Free Report) by 10.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,843 shares of the insurance provider's stock after purchasing an additional 4,766 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in Allstate were worth $10,735,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in Allstate by 60.2% in the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider's stock worth $1,253,000 after purchasing an additional 2,443 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in Allstate in the fourth quarter valued at about $231,000. Stenger Family Office LLC purchased a new position in Allstate in the fourth quarter valued at about $439,000. Proficio Capital Partners LLC grew its stake in Allstate by 19.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,396 shares of the insurance provider's stock valued at $269,000 after purchasing an additional 230 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in Allstate by 13.2% during the fourth quarter. LPL Financial LLC now owns 250,211 shares of the insurance provider's stock valued at $48,238,000 after buying an additional 29,238 shares in the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ALL has been the topic of several recent research reports. Morgan Stanley raised their target price on Allstate from $225.00 to $235.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Evercore ISI raised their target price on Allstate from $227.00 to $230.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. UBS Group raised their price target on Allstate from $230.00 to $235.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. lifted their target price on Allstate from $217.00 to $222.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Finally, Raymond James Financial restated a "strong-buy" rating and issued a $250.00 price objective (up from $240.00) on shares of Allstate in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $227.07.

Allstate Stock Performance

NYSE ALL opened at $194.00 on Friday. The stock has a market cap of $51.38 billion, a PE ratio of 13.25, a PEG ratio of 1.02 and a beta of 0.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.40 and a current ratio of 0.40. The firm's fifty day moving average price is $199.60 and its two-hundred day moving average price is $196.81. The Allstate Corporation has a fifty-two week low of $162.27 and a fifty-two week high of $213.18.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.98 by ($0.45). The firm had revenue of $14.30 billion during the quarter, compared to analyst estimates of $16.41 billion. Allstate had a net margin of 6.19% and a return on equity of 24.62%. The business's quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $5.13 EPS. On average, equities analysts expect that The Allstate Corporation will post 18.74 EPS 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 is Friday, August 29th. This represents a $4.00 annualized dividend and a yield of 2.06%. Allstate's payout ratio is 27.32%.

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.

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