The Allstate Corporation (NYSE:ALL) Shares Purchased by Argentarii LLC

Argentarii LLC raised its position in The Allstate Corporation (NYSE:ALL) by 2.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 4,769 shares of the insurance provider’s stock after purchasing an additional 113 shares during the period. Argentarii LLC’s holdings in Allstate were worth $988,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Concurrent Investment Advisors LLC grew its stake in Allstate by 21.4% during the 1st quarter. Concurrent Investment Advisors LLC now owns 13,014 shares of the insurance provider’s stock valued at $2,695,000 after purchasing an additional 2,291 shares in the last quarter. HM Payson & Co. boosted its stake in shares of Allstate by 7.5% during the 1st quarter. HM Payson & Co. now owns 8,846 shares of the insurance provider’s stock valued at $1,832,000 after buying an additional 619 shares during the last quarter. World Investment Advisors grew its position in shares of Allstate by 2.4% during the first quarter. World Investment Advisors now owns 38,439 shares of the insurance provider’s stock worth $7,960,000 after buying an additional 899 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of Allstate in the first quarter worth $54,000. Finally, von Borstel & Associates Inc. acquired a new stake in Allstate in the first quarter valued at $101,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on ALL shares. BMO Capital Markets reissued an “outperform” rating on shares of Allstate in a report on Friday, May 16th. Barclays lowered their price objective on Allstate from $183.00 to $172.00 and set an “underweight” rating for the company in a report on Friday, April 11th. Raymond James Financial reiterated a “strong-buy” rating and issued a $250.00 target price (up previously from $240.00) on shares of Allstate in a research report on Monday, May 5th. Keefe, Bruyette & Woods boosted their price target on Allstate from $228.00 to $235.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Finally, Evercore ISI raised their price objective on Allstate from $227.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $225.20.

Allstate Price Performance

Shares of NYSE ALL opened at $196.72 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market capitalization of $52.09 billion, a PE ratio of 13.44, a P/E/G ratio of 1.03 and a beta of 0.33. The Allstate Corporation has a 1-year low of $158.04 and a 1-year high of $213.18. The business’s fifty day moving average price is $201.37 and its two-hundred day moving average price is $196.65.

Allstate (NYSE:ALL) 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 return on equity of 24.62% and a net margin of 6.19%. The firm had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $16.41 billion. During the same quarter in the prior year, the company posted $5.13 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. On average, research analysts expect that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 9th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Monday, June 9th. Allstate’s dividend payout ratio (DPR) is 27.32%.

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.