Yarbrough Capital LLC Sells 3,054 Shares of The Allstate Corporation $ALL

Key Points

• Yarbrough Capital LLC has reduced its stake in The Allstate Corporation by 52.7%, selling 3,054 shares in the 2nd quarter and leaving it with a total of 2,744 shares valued at $552,000.
• The Allstate Corporation reported an EPS of $5.94 for the latest quarter, significantly beating estimates, with revenues of $15.05 billion, up 5.8% year-over-year.
• Allstate announced a quarterly dividend of $1.00 per share, with an annualized dividend yield of 1.9%, reflecting a payout ratio of 18.81%.

Yarbrough Capital LLC cut its stake in The Allstate Corporation (NYSE:ALL - Free Report) by 52.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,744 shares of the insurance provider's stock after selling 3,054 shares during the quarter. Yarbrough Capital LLC's holdings in Allstate were worth $552,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ALL. Brighton Jones LLC lifted its position in 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 bought a new position in shares of Allstate during the fourth quarter worth approximately $231,000. Vise Technologies Inc. acquired a new stake in Allstate during the 4th quarter worth approximately $452,000. Sunbelt Securities Inc. boosted its stake in Allstate by 132.4% in the 4th quarter. Sunbelt Securities Inc. now owns 846 shares of the insurance provider's stock valued at $163,000 after purchasing an additional 482 shares during the period. Finally, Toronto Dominion Bank grew its holdings in Allstate by 8.2% in the 4th quarter. Toronto Dominion Bank now owns 141,580 shares of the insurance provider's stock valued at $27,295,000 after buying an additional 10,682 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company's stock.

Allstate Stock Performance

Shares of Allstate stock opened at $207.56 on Wednesday. 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 company has a market cap of $54.69 billion, a PE ratio of 9.76, a price-to-earnings-growth ratio of 0.81 and a beta of 0.37. The company has a 50 day moving average of $202.14 and a 200-day moving average of $200.61. The Allstate Corporation has a 1-year low of $176.00 and a 1-year high of $214.76.

Allstate (NYSE:ALL - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $15.05 billion during the quarter, compared to the consensus estimate of $16.59 billion. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The company's revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.61 earnings per share. As a group, equities research analysts forecast that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, August 29th will be paid 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 1.9%. Allstate's dividend payout ratio (DPR) is 18.81%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Morgan Stanley lifted 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. William Blair began coverage on shares of Allstate in a research note on Friday, June 6th. They issued a "sector outperform" rating for the company. Keefe, Bruyette & Woods increased their target price on shares of Allstate from $237.00 to $246.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. BMO Capital Markets lifted their price target on shares of Allstate from $230.00 to $235.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. Finally, Citigroup upgraded Allstate to a "hold" rating in a research note on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $231.47.

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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