Janney Montgomery Scott LLC Sells 838 Shares of The Allstate Co. (NYSE:ALL)

Janney Montgomery Scott LLC reduced its position in The Allstate Co. (NYSE:ALLFree Report) by 1.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,060 shares of the insurance provider’s stock after selling 838 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Allstate were worth $7,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. E Fund Management Hong Kong Co. Ltd. bought a new position in Allstate during the first quarter valued at $25,000. Private Wealth Management Group LLC purchased a new stake in Allstate in the 4th quarter worth about $25,000. Rise Advisors LLC purchased a new stake in Allstate in the 1st quarter worth about $26,000. Northwest Investment Counselors LLC purchased a new position in shares of Allstate during the first quarter valued at approximately $26,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in shares of Allstate during the fourth quarter valued at approximately $36,000. 76.47% of the stock is currently owned by institutional investors.

Allstate Price Performance

NYSE:ALL opened at $159.56 on Tuesday. The Allstate Co. has a one year low of $100.57 and a one year high of $177.37. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a market cap of $42.11 billion, a price-to-earnings ratio of 35.22, a PEG ratio of 1.86 and a beta of 0.48. The firm’s fifty day moving average is $164.32 and its two-hundred day moving average is $161.10.

Allstate (NYSE:ALLGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, beating the consensus estimate of $4.11 by $1.02. The company had revenue of $15.26 billion for the quarter, compared to analyst estimates of $12.76 billion. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business earned ($1.30) earnings per share. Research analysts expect that The Allstate Co. will post 12.15 EPS for the current year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, May 31st were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $3.68 annualized dividend and a dividend yield of 2.31%. Allstate’s dividend payout ratio (DPR) is presently 81.24%.

Analyst Ratings Changes

A number of research firms recently issued reports on ALL. Piper Sandler boosted their price objective on Allstate from $172.00 to $188.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Evercore ISI raised their price target on shares of Allstate from $166.00 to $173.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. The Goldman Sachs Group lifted their price objective on shares of Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a report on Monday, March 25th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $194.00 price target on shares of Allstate in a research report on Friday. Finally, StockNews.com downgraded shares of Allstate from a “strong-buy” rating to a “buy” rating in a research note on Monday, June 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.88.

View Our Latest Stock Analysis on Allstate

About Allstate

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Allstate (NYSE:ALL)

Receive News & Ratings for Allstate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate and related companies with MarketBeat.com's FREE daily email newsletter.