The Allstate Corporation (NYSE:ALL) Shares Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC increased its stake in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,131 shares of the insurance provider's stock after purchasing an additional 1,475 shares during the period. Wealthfront Advisers LLC's holdings in Allstate were worth $8,103,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of ALL. Brighton Jones LLC raised its position in shares of Allstate by 60.2% during 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 during the last quarter. Revolve Wealth Partners LLC acquired a new stake in Allstate in the 4th quarter valued at about $231,000. Stenger Family Office LLC acquired a new stake in Allstate in the 4th quarter valued at about $439,000. Proficio Capital Partners LLC raised its holdings in Allstate by 19.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,396 shares of the insurance provider's stock valued at $269,000 after acquiring an additional 230 shares during the last quarter. Finally, Madison Investment Advisors LLC acquired a new stake in Allstate in the 4th quarter valued at about $1,151,000. Institutional investors and hedge funds own 76.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Barclays increased their price objective on shares of Allstate from $172.00 to $188.00 and gave the company an "underweight" rating in a report on Monday, July 7th. Raymond James Financial reiterated a "strong-buy" rating and issued a $250.00 price objective (up previously from $240.00) on shares of Allstate in a report on Monday, May 5th. William Blair assumed coverage on shares of Allstate in a report on Friday, June 6th. They issued a "sector outperform" rating for the company. Keefe, Bruyette & Woods increased their price objective on shares of Allstate from $235.00 to $237.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Finally, Wells Fargo & Company cut their price target on shares of Allstate from $200.00 to $197.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $227.07.

Allstate Trading Up 0.6%

NYSE ALL traded up $1.19 on Friday, reaching $194.21. The stock had a trading volume of 1,617,433 shares, compared to its average volume of 1,646,674. The firm has a market capitalization of $51.43 billion, a price-to-earnings ratio of 13.27, a P/E/G ratio of 1.01 and a beta of 0.33. 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 Allstate Corporation has a 12-month low of $162.27 and a 12-month high of $213.18. The stock has a fifty day moving average price of $200.18 and a two-hundred day moving average price of $196.69.

Allstate (NYSE:ALL - Get Free Report) last announced its earnings results on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.98 by ($0.45). The firm had revenue of $14.30 billion during the quarter, compared to analysts' expectations of $16.41 billion. Allstate had a net margin of 6.19% and a return on equity of 24.62%. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.13 EPS. As a group, sell-side analysts forecast that The Allstate Corporation 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 Wednesday, October 1st. Stockholders of record on Friday, August 29th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Friday, August 29th. Allstate's dividend payout ratio is currently 27.32%.

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.