The Allstate Corporation (NYSE:ALL) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its position in The Allstate Corporation (NYSE:ALL - Free Report) by 3.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 489,794 shares of the insurance provider's stock after selling 18,870 shares during the quarter. Los Angeles Capital Management LLC owned 0.18% of Allstate worth $101,422,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hughes Financial Services LLC purchased a new position in Allstate in the first quarter valued at about $28,000. Kapitalo Investimentos Ltda acquired a new position in Allstate in the fourth quarter worth about $29,000. Aster Capital Management DIFC Ltd acquired a new position in Allstate in the fourth quarter worth about $40,000. Mattson Financial Services LLC acquired a new position in Allstate in the fourth quarter valued at approximately $44,000. Finally, Wayfinding Financial LLC acquired a new position in shares of Allstate during the first quarter worth approximately $54,000. Institutional investors and hedge funds own 76.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. UBS Group upped their price target on Allstate from $230.00 to $235.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Wells Fargo & Company lowered their price target on shares of Allstate from $200.00 to $197.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. Wall Street Zen upgraded shares of Allstate from a "hold" rating to a "buy" rating in a report on Sunday. JPMorgan Chase & Co. boosted their target price on shares of Allstate from $217.00 to $222.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Finally, William Blair initiated coverage on shares of Allstate in a research report on Friday, June 6th. They set a "sector outperform" rating for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $227.07.

Allstate Trading Up 0.6%

Shares of ALL opened at $194.21 on Friday. The company's fifty day moving average is $200.18 and its 200 day moving average is $196.69. The Allstate Corporation has a fifty-two week low of $162.27 and a fifty-two week high of $213.18. The stock has a market capitalization of $51.43 billion, a PE ratio of 13.27, a P/E/G ratio of 1.01 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.

Allstate (NYSE:ALL - Get Free Report) last issued 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 company had revenue of $14.30 billion for 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 prior year, the firm posted $5.13 earnings per share. Sell-side analysts expect that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, August 29th. This represents a $4.00 annualized dividend and a yield of 2.06%. Allstate's dividend payout ratio (DPR) is presently 27.32%.

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.

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