Aprio Wealth Management LLC Increases Stock Holdings in The Allstate Corporation $ALL

Aprio Wealth Management LLC increased its holdings in shares of The Allstate Corporation (NYSE:ALL) by 160.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,863 shares of the insurance provider’s stock after buying an additional 2,999 shares during the period. Aprio Wealth Management LLC’s holdings in Allstate were worth $1,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. South Plains Financial Inc. lifted its position in shares of Allstate by 41.5% during the 3rd quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock valued at $36,000 after buying an additional 49 shares in the last quarter. Humankind Investments LLC lifted its position in shares of Allstate by 4.5% during the 3rd quarter. Humankind Investments LLC now owns 1,191 shares of the insurance provider’s stock valued at $256,000 after buying an additional 51 shares in the last quarter. Howard Capital Management Inc. lifted its position in shares of Allstate by 3.2% during the 3rd quarter. Howard Capital Management Inc. now owns 1,739 shares of the insurance provider’s stock valued at $373,000 after buying an additional 54 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Allstate by 79.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock valued at $27,000 after buying an additional 55 shares in the last quarter. Finally, L2 Asset Management LLC lifted its holdings in Allstate by 4.7% in the 3rd quarter. L2 Asset Management LLC now owns 1,223 shares of the insurance provider’s stock valued at $263,000 after purchasing an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on ALL shares. Mizuho decreased their price objective on Allstate from $281.00 to $265.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Raymond James Financial restated a “strong-buy” rating and issued a $260.00 price objective on shares of Allstate in a report on Tuesday, March 3rd. Citigroup raised their price objective on Allstate from $216.00 to $221.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Keefe, Bruyette & Woods raised their price objective on Allstate from $254.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, February 10th. Finally, JPMorgan Chase & Co. raised their price objective on Allstate from $260.00 to $263.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $238.65.

Allstate Stock Up 0.7%

Shares of ALL opened at $214.38 on Tuesday. The Allstate Corporation has a 52-week low of $188.08 and a 52-week high of $219.48. The company has a market capitalization of $55.36 billion, a PE ratio of 5.61, a price-to-earnings-growth ratio of 0.43 and a beta of 0.22. The stock has a fifty day simple moving average of $209.93 and a two-hundred day simple moving average of $205.67. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.26.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.72 by $5.59. Allstate had a return on equity of 39.20% and a net margin of 15.19%.The business had revenue of $17.35 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same period last year, the company earned $7.67 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities analysts forecast that The Allstate Corporation will post 25.82 EPS for the current year.

Allstate Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd were paid a $1.08 dividend. This is a boost from Allstate’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.0%. Allstate’s dividend payout ratio is 11.31%.

Allstate Company Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.