Vestcor Inc boosted its holdings in The Allstate Corporation (NYSE:ALL - Free Report) by 142.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 83,676 shares of the insurance provider's stock after acquiring an additional 49,176 shares during the quarter. Vestcor Inc's holdings in Allstate were worth $17,327,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Rehmann Capital Advisory Group lifted its stake in shares of Allstate by 3.2% in the 1st quarter. Rehmann Capital Advisory Group now owns 1,630 shares of the insurance provider's stock valued at $338,000 after purchasing an additional 51 shares in the last quarter. Vantage Point Financial LLC increased its holdings in Allstate by 3.6% during the 1st quarter. Vantage Point Financial LLC now owns 1,495 shares of the insurance provider's stock worth $310,000 after purchasing an additional 52 shares during the last quarter. Confluence Wealth Services Inc. increased its holdings in Allstate by 0.7% during the 1st quarter. Confluence Wealth Services Inc. now owns 8,000 shares of the insurance provider's stock worth $1,558,000 after purchasing an additional 54 shares during the last quarter. Achmea Investment Management B.V. increased its holdings in Allstate by 0.3% during the 1st quarter. Achmea Investment Management B.V. now owns 20,586 shares of the insurance provider's stock worth $4,262,000 after purchasing an additional 57 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC grew its position in shares of Allstate by 1.7% in the 1st quarter. Avidian Wealth Enterprises LLC now owns 3,552 shares of the insurance provider's stock worth $735,000 after acquiring an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 76.47% of the company's stock.
Allstate Stock Down 0.8%
Shares of ALL stock traded down $1.61 on Wednesday, reaching $192.29. 1,891,513 shares of the company were exchanged, compared to its average volume of 1,422,405. The company has a market cap of $50.92 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 1.01 and a beta of 0.33. The company has a 50-day moving average of $198.69 and a 200-day moving average of $197.01. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.40 and a quick ratio of 0.40. The Allstate Corporation has a one year low of $168.36 and a one year high of $213.18.
Allstate (NYSE:ALL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share for the quarter, beating the consensus estimate of $3.20 by $2.74. Allstate had a net margin of 6.19% and a return on equity of 24.62%. During the same period in the previous year, the business posted $1.61 EPS. The business's revenue was up 5.8% compared to the same quarter last year. Analysts anticipate that The Allstate Corporation will post 18.74 earnings per share for the current 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 of this dividend is Friday, August 29th. This represents a $4.00 annualized dividend and a yield of 2.08%. Allstate's payout ratio is 27.32%.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on Allstate from $235.00 to $237.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. William Blair assumed coverage on Allstate in a research note on Friday, June 6th. They issued a "sector outperform" rating on the stock. Wall Street Zen lowered Allstate from a "buy" rating to a "hold" rating in a research report on Monday. Wells Fargo & Company dropped their price target on Allstate from $200.00 to $197.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Finally, Evercore ISI boosted their target price on Allstate from $227.00 to $230.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $227.07.
Check Out Our Latest Report on ALL
Allstate Profile
(
Free Report)
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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