Strategic Wealth Partners Ltd. increased its position in Allstate Corp (NYSE:ALL) by 201.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 554 shares of the insurance provider’s stock after purchasing an additional 370 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Allstate were worth $56,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in ALL. Strategy Asset Managers LLC purchased a new position in shares of Allstate in the first quarter valued at $25,000. Manchester Financial Inc. purchased a new position in shares of Allstate in the second quarter valued at $25,000. Mcmillion Capital Management Inc. purchased a new position in shares of Allstate in the second quarter valued at $35,000. Enterprise Financial Services Corp boosted its stake in shares of Allstate by 85.1% in the first quarter. Enterprise Financial Services Corp now owns 385 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 177 shares during the period. Finally, Osborn Williams & Donohoe LLC purchased a new position in shares of Allstate in the first quarter valued at $38,000. Institutional investors and hedge funds own 76.81% of the company’s stock.
ALL has been the subject of several analyst reports. Barclays set a $125.00 target price on shares of Allstate and gave the company a “buy” rating in a research note on Monday, August 12th. UBS Group upped their target price on shares of Allstate from $102.00 to $106.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Morgan Stanley upped their target price on shares of Allstate from $108.00 to $110.00 and gave the company an “equal weight” rating in a research note on Thursday, August 15th. Raymond James upped their target price on shares of Allstate from $115.00 to $125.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 1st. Finally, Credit Suisse Group cut shares of Allstate from a “neutral” rating to an “underperform” rating and cut their price target for the company from $100.00 to $94.00 in a report on Thursday, July 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $108.25.
ALL traded down $2.52 during trading on Friday, hitting $101.98. The company had a trading volume of 1,101,035 shares, compared to its average volume of 1,619,770. The company has a market cap of $34.40 billion, a PE ratio of 12.64, a P/E/G ratio of 1.33 and a beta of 0.82. The business has a 50-day moving average of $103.42 and a 200-day moving average of $98.21. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.28 and a quick ratio of 0.28. Allstate Corp has a 1-year low of $77.00 and a 1-year high of $109.13.
Allstate (NYSE:ALL) last posted its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.70. The firm had revenue of $8.99 billion for the quarter, compared to analysts’ expectations of $8.96 billion. Allstate had a net margin of 6.52% and a return on equity of 12.66%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.00 earnings per share. Research analysts forecast that Allstate Corp will post 9.46 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, August 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $2.00 annualized dividend and a yield of 1.96%. Allstate’s dividend payout ratio is presently 24.78%.
The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home insurance; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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