The Allstate Corporation $ALL Stock Holdings Increased by Steward Partners Investment Advisory LLC

Key Points

• Steward Partners Investment Advisory LLC increased its stake in The Allstate Corporation by 1.6%, owning 113,221 shares valued at approximately $23.45 million.
• Allstate recently announced a quarterly dividend of $1.00 per share, representing a 1.9% yield, with the ex-dividend date set for August 29th.
• Despite the recent engagement from institutional investors, shares of Allstate opened at $206.76, reflecting a marginal decline of 0.9%.

Steward Partners Investment Advisory LLC grew its holdings in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 1.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 113,221 shares of the insurance provider's stock after acquiring an additional 1,749 shares during the period. Steward Partners Investment Advisory LLC's holdings in Allstate were worth $23,445,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ALL. Hughes Financial Services LLC purchased a new stake in Allstate during the 1st quarter worth approximately $28,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Allstate during the fourth quarter worth approximately $29,000. Meeder Asset Management Inc. increased its stake in shares of Allstate by 113.8% in the first quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider's stock worth $39,000 after buying an additional 99 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new stake in Allstate in the first quarter valued at $43,000. Finally, Mattson Financial Services LLC bought a new position in Allstate during the 4th quarter valued at $44,000. Institutional investors and hedge funds own 76.47% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ALL shares. Wall Street Zen upgraded shares of Allstate from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. BMO Capital Markets increased their target price on Allstate from $230.00 to $235.00 and gave the stock an "outperform" rating in a report on Wednesday. Morgan Stanley lifted their target price on Allstate from $235.00 to $245.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Jefferies Financial Group boosted their price target on Allstate from $254.00 to $255.00 and gave the company a "buy" rating in a report on Monday, August 11th. Finally, Citigroup upgraded Allstate to a "hold" rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $230.73.

Allstate Stock Performance

Shares of NYSE ALL traded up $3.1130 during mid-day trading on Wednesday, hitting $213.4930. The company had a trading volume of 1,720,023 shares, compared to its average volume of 1,734,646. The stock has a market cap of $56.26 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 0.84 and a beta of 0.35. The firm's 50 day simple moving average is $198.56 and its two-hundred day simple moving average is $198.71. 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 Allstate Corporation has a 12 month low of $176.00 and a 12 month high of $214.76.

Allstate (NYSE:ALL - Get Free Report) last issued its earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share for the quarter, topping the consensus estimate of $3.20 by $2.74. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The firm had revenue of $15.05 billion for the quarter, compared to analyst estimates of $16.59 billion. During the same period last year, the company earned $1.61 earnings per share. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities research analysts forecast that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders 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 1.9%. Allstate's dividend payout ratio is 18.81%.

Allstate 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.