McElhenny Sheffield Capital Management LLC Has $283,000 Stake in The Allstate Corporation $ALL

McElhenny Sheffield Capital Management LLC decreased its holdings in shares of The Allstate Corporation (NYSE:ALL) by 64.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,361 shares of the insurance provider’s stock after selling 2,487 shares during the quarter. McElhenny Sheffield Capital Management LLC’s holdings in Allstate were worth $283,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. grew its holdings in Allstate by 79.7% during the third quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares during the period. Barnes Dennig Private Wealth Management LLC grew its holdings in Allstate by 112.3% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 73 shares during the period. Dorato Capital Management acquired a new position in Allstate during the fourth quarter valued at approximately $27,000. Palisade Asset Management LLC acquired a new position in Allstate during the third quarter valued at approximately $31,000. Finally, Princeton Global Asset Management LLC grew its holdings in Allstate by 101.3% during the fourth quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Performance

Shares of ALL opened at $212.20 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.37 and a current ratio of 0.37. The Allstate Corporation has a twelve month low of $180.00 and a twelve month high of $216.75. The firm’s 50 day moving average price is $207.17 and its two-hundred day moving average price is $205.29. The firm has a market cap of $55.07 billion, a P/E ratio of 5.56, a PEG ratio of 0.42 and a beta of 0.22.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share for the quarter, beating analysts’ consensus estimates of $8.72 by $5.59. Allstate had a net margin of 15.19% and a return on equity of 39.20%. The firm had revenue of $17.35 billion for the quarter, compared to analyst estimates of $17.23 billion. During the same quarter in the previous year, the firm posted $7.67 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. On average, analysts forecast that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd were paid a $1.08 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from Allstate’s previous quarterly dividend of $1.00. This represents a $4.32 dividend on an annualized basis and a yield of 2.0%. Allstate’s payout ratio is presently 11.31%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. TD Cowen cut shares of Allstate from a “buy” rating to a “hold” rating in a report on Monday, January 12th. Wells Fargo & Company decreased their price objective on shares of Allstate from $228.00 to $227.00 and set an “equal weight” rating for the company in a report on Friday, February 20th. JPMorgan Chase & Co. boosted their price objective on shares of Allstate from $260.00 to $263.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Mizuho decreased their price objective on shares of Allstate from $281.00 to $265.00 and set an “outperform” rating for the company in a report on Friday, March 20th. Finally, Citigroup boosted their price objective on shares of Allstate from $216.00 to $221.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $238.53.

About Allstate

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.