Wilsey Asset Management Inc. Has $34.99 Million Holdings in The Allstate Corporation $ALL

Key Points

• Wilsey Asset Management Inc. increased its holdings in The Allstate Corporation by 1.3% in Q2, bringing its ownership to approximately $34.99 million, making Allstate its 4th largest investment.
• Allstate recently reported an impressive EPS of $5.94 for the last quarter, significantly exceeding consensus estimates of $3.20, alongside a revenue of $15.05 billion.
• The company announced a quarterly dividend of $1.00 per share, indicating an annual yield of 1.9%, with a payout ratio of 18.81%.

Wilsey Asset Management Inc. lifted its position in The Allstate Corporation (NYSE:ALL - Free Report) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 173,796 shares of the insurance provider's stock after acquiring an additional 2,171 shares during the period. Allstate accounts for about 6.4% of Wilsey Asset Management Inc.'s investment portfolio, making the stock its 4th largest holding. Wilsey Asset Management Inc. owned about 0.07% of Allstate worth $34,987,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Arlington Trust Co LLC raised its position in shares of Allstate by 261.8% in the 2nd quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider's stock worth $25,000 after acquiring an additional 89 shares in the last quarter. Hughes Financial Services LLC bought a new position in shares of Allstate in the 1st quarter worth approximately $28,000. Meeder Asset Management Inc. raised its position in shares of Allstate by 113.8% in the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider's stock worth $39,000 after acquiring an additional 99 shares in the last quarter. McClarren Financial Advisors Inc. bought a new position in shares of Allstate in the 1st quarter worth approximately $43,000. Finally, Mattson Financial Services LLC bought a new position in shares of Allstate in the 4th quarter worth approximately $44,000. Institutional investors own 76.47% of the company's stock.

Allstate Stock Performance

Shares of ALL opened at $207.56 on Wednesday. The business's fifty day simple moving average is $202.14 and its two-hundred day simple moving average is $200.61. 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 Allstate Corporation has a 12 month low of $176.00 and a 12 month high of $214.76. The company has a market cap of $54.69 billion, a price-to-earnings ratio of 9.76, a P/E/G ratio of 0.81 and a beta of 0.37.

Allstate (NYSE:ALL - Get Free Report) last issued 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. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The business had revenue of $15.05 billion for the quarter, compared to the consensus estimate of $16.59 billion. During the same period last year, the business posted $1.61 EPS. The company's revenue was up 5.8% compared to the same quarter last year. Research analysts anticipate 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. This represents a $4.00 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, August 29th. Allstate's dividend payout ratio (DPR) is currently 18.81%.

Analysts Set New Price Targets

Several research firms recently weighed in on ALL. Wells Fargo & Company set a $202.00 price target on Allstate and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. Citigroup upgraded Allstate to a "hold" rating in a research note on Wednesday, August 13th. William Blair began coverage on Allstate in a research note on Friday, June 6th. They issued a "sector outperform" rating on the stock. UBS Group upped their price target on Allstate from $230.00 to $235.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Finally, Jefferies Financial Group upped their price target on Allstate from $254.00 to $255.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $231.47.

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.

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