The Allstate Corporation $ALL Stake Decreased by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC reduced its stake in The Allstate Corporation by 10%, now holding approximately 1.14 million shares valued at around $236.93 million.
• The Allstate Corporation reported $5.94 earnings per share (EPS) for the latest quarter, significantly surpassing analyst expectations of $3.20.
• Allstate announced a quarterly dividend of $1.00 per share, with a dividend yield of 2.0%, highlighting a healthy payout ratio of 18.81%.

Voya Investment Management LLC trimmed its position in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 10.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,144,184 shares of the insurance provider's stock after selling 126,953 shares during the period. Voya Investment Management LLC owned approximately 0.43% of Allstate worth $236,926,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Allstate by 60.2% during the fourth quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider's stock worth $1,253,000 after acquiring an additional 2,443 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in Allstate during the 4th quarter worth approximately $231,000. Jefferies Financial Group Inc. raised its position in shares of Allstate by 339.6% in the 4th quarter. Jefferies Financial Group Inc. now owns 7,609 shares of the insurance provider's stock valued at $1,467,000 after purchasing an additional 5,878 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Allstate by 4.7% in the 4th quarter. Janus Henderson Group PLC now owns 33,832 shares of the insurance provider's stock valued at $6,523,000 after purchasing an additional 1,517 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Allstate by 4.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,137 shares of the insurance provider's stock valued at $5,039,000 after buying an additional 1,206 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company's stock.

Allstate Stock Performance

NYSE ALL traded down $2.07 during trading hours on Friday, reaching $200.40. The company's stock had a trading volume of 1,136,388 shares, compared to its average volume of 1,206,671. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. The business has a 50-day simple moving average of $200.99 and a 200 day simple moving average of $200.49. The Allstate Corporation has a 52 week low of $176.00 and a 52 week high of $214.76. The stock has a market cap of $52.81 billion, a PE ratio of 9.42, a PEG ratio of 0.80 and a beta of 0.37.

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

Allstate Dividend Announcement

The business 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 $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, August 29th. Allstate's dividend payout ratio (DPR) is presently 18.81%.

Analysts Set New Price Targets

A number of analysts recently issued reports on ALL shares. Cantor Fitzgerald upgraded shares of Allstate to a "hold" rating in a research note on Wednesday, August 13th. Wells Fargo & Company set a $202.00 target price on shares of Allstate and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. Wall Street Zen raised shares of Allstate from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Keefe, Bruyette & Woods lifted their price target on Allstate from $237.00 to $246.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Finally, Morgan Stanley increased their target price on Allstate from $235.00 to $245.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $231.21.

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.