Vident Investment Advisory LLC Grows Position in The Allstate Co. (NYSE:ALL)

Vident Investment Advisory LLC increased its holdings in The Allstate Co. (NYSE:ALLGet Rating) by 21.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,837 shares of the insurance provider’s stock after acquiring an additional 6,436 shares during the quarter. Vident Investment Advisory LLC’s holdings in Allstate were worth $4,966,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC lifted its position in shares of Allstate by 1.6% during the first quarter. Dynamic Advisor Solutions LLC now owns 4,439 shares of the insurance provider’s stock valued at $615,000 after buying an additional 72 shares during the last quarter. Mission Wealth Management LP lifted its position in shares of Allstate by 1.0% during the first quarter. Mission Wealth Management LP now owns 7,837 shares of the insurance provider’s stock valued at $1,085,000 after buying an additional 79 shares during the last quarter. Abbrea Capital LLC lifted its position in shares of Allstate by 1.8% during the first quarter. Abbrea Capital LLC now owns 4,474 shares of the insurance provider’s stock valued at $623,000 after buying an additional 80 shares during the last quarter. Community Bank & Trust Waco Texas lifted its position in shares of Allstate by 1.3% during the first quarter. Community Bank & Trust Waco Texas now owns 6,354 shares of the insurance provider’s stock valued at $880,000 after buying an additional 82 shares during the last quarter. Finally, Prospera Financial Services Inc lifted its position in shares of Allstate by 0.4% during the first quarter. Prospera Financial Services Inc now owns 25,782 shares of the insurance provider’s stock valued at $3,571,000 after buying an additional 95 shares during the last quarter. 76.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on ALL. Citigroup began coverage on shares of Allstate in a research report on Monday, May 23rd. They set a “buy” rating and a $159.00 price target for the company. Argus downgraded shares of Allstate from a “buy” rating to a “hold” rating in a report on Friday, May 20th. Morgan Stanley cut their price objective on shares of Allstate from $152.00 to $139.00 and set an “equal weight” rating on the stock in a report on Monday, May 23rd. Evercore ISI upped their price objective on shares of Allstate to $126.00 in a report on Tuesday, August 9th. Finally, Raymond James cut their price target on shares of Allstate from $165.00 to $155.00 in a report on Thursday, July 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Allstate currently has an average rating of “Moderate Buy” and an average target price of $142.00.

Allstate Stock Performance

Shares of ALL opened at $126.44 on Monday. The stock has a 50-day simple moving average of $123.42 and a 200-day simple moving average of $128.23. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market capitalization of $34.18 billion, a PE ratio of 44.06, a PEG ratio of 4.28 and a beta of 0.71. The Allstate Co. has a 1 year low of $106.11 and a 1 year high of $144.46.

Allstate (NYSE:ALLGet Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The insurance provider reported ($0.76) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.26) by $0.50. The business had revenue of $12.95 billion during the quarter, compared to analysts’ expectations of $12.16 billion. Allstate had a return on equity of 7.53% and a net margin of 1.99%. During the same quarter last year, the business posted $3.79 EPS. On average, analysts predict that The Allstate Co. will post 4.79 earnings per share for the current fiscal year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Wednesday, August 31st will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Tuesday, August 30th. Allstate’s payout ratio is 118.47%.

About Allstate

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The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability 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 and stand-alone scheduled personal property; and commercial lines products under the Allstate and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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