Wolf Group Capital Advisors Buys New Stake in The Allstate Corporation (NYSE:ALL)

Wolf Group Capital Advisors bought a new position in The Allstate Corporation (NYSE:ALL - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,898 shares of the insurance provider's stock, valued at approximately $393,000.

Several other hedge funds also recently added to or reduced their stakes in ALL. Intrust Bank NA grew its position in shares of Allstate by 0.5% in the 4th quarter. Intrust Bank NA now owns 12,135 shares of the insurance provider's stock worth $2,340,000 after acquiring an additional 61 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Allstate by 4.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,505 shares of the insurance provider's stock worth $290,000 after purchasing an additional 63 shares during the period. Miracle Mile Advisors LLC increased its holdings in shares of Allstate by 1.7% in the 1st quarter. Miracle Mile Advisors LLC now owns 3,777 shares of the insurance provider's stock valued at $782,000 after purchasing an additional 63 shares during the period. Empower Advisory Group LLC grew its stake in Allstate by 5.3% in the fourth quarter. Empower Advisory Group LLC now owns 1,286 shares of the insurance provider's stock valued at $248,000 after purchasing an additional 65 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its stake in shares of Allstate by 28.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 302 shares of the insurance provider's stock worth $58,000 after acquiring an additional 66 shares in the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Stock Performance

NYSE ALL traded down $2.51 during trading hours on Thursday, hitting $195.68. 3,093,583 shares of the stock were exchanged, compared to its average volume of 1,612,286. The company has a market cap of $51.82 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 1.02 and a beta of 0.35. The Allstate Corporation has a 12-month low of $157.48 and a 12-month high of $213.18. The stock has a 50-day moving average of $200.67 and a 200 day moving average of $196.80. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.40.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.53 EPS for the quarter, missing the consensus estimate of $3.98 by ($0.45). Allstate had a net margin of 6.19% and a return on equity of 24.62%. The business had revenue of $14.30 billion during the quarter, compared to analyst estimates of $16.41 billion. During the same quarter in the prior year, the company earned $5.13 earnings per share. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities research analysts forecast that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 9th will be issued a dividend of $1.00 per share. The ex-dividend date is Monday, June 9th. This represents a $4.00 annualized dividend and a dividend yield of 2.04%. Allstate's payout ratio is 27.32%.

Allstate declared that its board has authorized a stock buyback plan on Wednesday, February 26th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the insurance provider to reacquire up to 3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ALL shares. Keefe, Bruyette & Woods increased their target price on Allstate from $228.00 to $235.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Wells Fargo & Company reduced their target price on 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 Allstate from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. William Blair initiated coverage on Allstate in a research report on Friday, June 6th. They set a "sector outperform" rating on the stock. Finally, Argus raised Allstate from a "hold" rating to a "buy" rating in a research report on Monday, March 3rd. 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $225.20.

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.