Fox Hill Wealth Management Has $2.53 Million Stock Position in The Allstate Corporation (NYSE:ALL)

Key Points

• Fox Hill Wealth Management significantly increased its stake in The Allstate Corporation by 160.8%, bringing its total ownership to 12,205 shares valued at approximately $2.5 million.
• The Allstate Corporation reported strong earnings, with an EPS of $5.94 for the last quarter, which exceeded analyst expectations by $2.74.
• Allstate recently declared a quarterly dividend of $1.00 per share, resulting in an annualized dividend yield of 1.9%.

Fox Hill Wealth Management boosted its holdings in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 160.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,205 shares of the insurance provider's stock after buying an additional 7,526 shares during the period. Allstate comprises 1.5% of Fox Hill Wealth Management's portfolio, making the stock its 20th largest holding. Fox Hill Wealth Management's holdings in Allstate were worth $2,527,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ALL. Brighton Jones LLC grew its position in shares of Allstate by 60.2% in the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider's stock valued at $1,253,000 after purchasing an additional 2,443 shares during the period. Revolve Wealth Partners LLC acquired a new position in shares of Allstate in the 4th quarter valued at approximately $231,000. Stenger Family Office LLC acquired a new position in shares of Allstate in the 4th quarter valued at approximately $439,000. Townsquare Capital LLC grew its position in shares of Allstate by 52.3% in the 4th quarter. Townsquare Capital LLC now owns 6,278 shares of the insurance provider's stock valued at $1,210,000 after purchasing an additional 2,155 shares during the period. Finally, Savvy Advisors Inc. acquired a new position in shares of Allstate in the 4th quarter valued at approximately $226,000. Institutional investors and hedge funds own 76.47% of the company's stock.

Allstate Stock Performance

NYSE ALL traded down $1.94 on Friday, hitting $206.76. 1,049,492 shares of the stock were exchanged, compared to its average volume of 1,742,630. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43. The business's fifty day moving average is $198.18 and its 200 day moving average is $198.33. The Allstate Corporation has a 52 week low of $176.00 and a 52 week high of $213.18. The company has a market capitalization of $54.48 billion, a PE ratio of 9.72, a P/E/G ratio of 0.87 and a beta of 0.35.

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 (EPS) for the quarter, topping the consensus estimate of $3.20 by $2.74. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The firm had revenue of $15.05 billion for the quarter, compared to analyst estimates of $16.59 billion. During the same period in the prior year, the firm posted $1.61 earnings per share. The company's quarterly revenue was up 5.8% compared to the same quarter last year. Research analysts anticipate 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 paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, August 29th. Allstate's dividend payout ratio is 18.81%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ALL shares. Cantor Fitzgerald upgraded Allstate to a "hold" rating in a research report on Wednesday. Wall Street Zen upgraded Allstate from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Barclays reiterated an "underweight" rating and issued a $198.00 price objective (up from $188.00) on shares of Allstate in a research report on Thursday, July 31st. UBS Group boosted their target price on Allstate from $230.00 to $235.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Allstate in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $229.33.

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.