2,141 The Allstate Corporation $ALL Shares Acquired by Lido Advisors LLC

Lido Advisors LLC grew its holdings in shares of The Allstate Corporation (NYSE:ALL) by 5.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 38,553 shares of the insurance provider’s stock after purchasing an additional 2,141 shares during the period. Lido Advisors LLC’s holdings in Allstate were worth $8,554,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. D Orazio & Associates Inc. grew its stake in shares of Allstate by 20.6% in the 3rd quarter. D Orazio & Associates Inc. now owns 1,410 shares of the insurance provider’s stock worth $313,000 after buying an additional 241 shares during the last quarter. 71 West Capital Partners increased its position in Allstate by 8.0% during the 3rd quarter. 71 West Capital Partners now owns 2,737 shares of the insurance provider’s stock valued at $607,000 after buying an additional 202 shares in the last quarter. Welch & Forbes LLC increased its position in Allstate by 17.1% during the 3rd quarter. Welch & Forbes LLC now owns 7,779 shares of the insurance provider’s stock valued at $1,726,000 after buying an additional 1,134 shares in the last quarter. Gryphon Financial Partners LLC raised its stake in Allstate by 2.7% during the third quarter. Gryphon Financial Partners LLC now owns 9,507 shares of the insurance provider’s stock valued at $2,109,000 after buying an additional 248 shares during the last quarter. Finally, AlphaCore Capital LLC raised its stake in Allstate by 87.7% during the third quarter. AlphaCore Capital LLC now owns 14,870 shares of the insurance provider’s stock valued at $3,314,000 after buying an additional 6,946 shares during the last quarter. 76.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. HSBC downgraded Allstate from a “buy” rating to a “hold” rating and set a $271.00 target price on the stock. in a report on Friday, November 6th. BMO Capital Markets raised their price target on Allstate from $250.00 to $284.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Jefferies Financial Group lowered their price target on Allstate from $310.00 to $292.00 and set a “buy” rating for the company in a research report on Tuesday, October 6th. Piper Sandler dropped their price target on shares of Allstate from $300.00 to $294.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Bank of America upped their price target on shares of Allstate from $336.00 to $340.00 and gave the stock a “buy” rating in a research note on Monday, October 12th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Allstate presently has an average rating of “Hold” and a consensus price target of $273.48.

Allstate Price Performance

Shares of NYSE ALL opened at $266.68 on Friday. The firm has a market cap of $65.99 billion, a P/E ratio of 6.00, a PEG ratio of 0.56 and a beta of 0.13. The Allstate Corporation has a twelve month low of $191.13 and a twelve month high of $281.11. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.25. The company has a 50 day moving average of $246.06 and a 200 day moving average of $231.16.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, November 4th. The insurance provider reported $9.76 EPS for the quarter, beating the consensus estimate of $6.89 by $2.87. The business had revenue of $17.35 billion for the quarter, compared to the consensus estimate of $15.87 billion. Allstate had a return on equity of 38.37% and a net margin of 16.57%. The company’s revenue was up .5% compared to the same quarter last year. During the same period last year, the business posted $11.17 EPS. As a group, research analysts expect that The Allstate Corporation will post 37.33 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Monday, November 30th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, November 30th. Allstate’s dividend payout ratio is presently 9.78%.

Allstate Company Profile

Allstate Corporation is a U.S.-based insurance company that provides property and casualty coverage and related protection products. Its offerings include auto, homeowners, renters, condominium, motorcycle and recreational vehicle insurance, as well as life insurance and roadside assistance. The company sells products through its Allstate-branded business and other businesses, including National General, using agents and direct-to-consumer channels. Allstate primarily serves customers in the United States.