1,507 Shares in The Allstate Corporation $ALL Purchased by MBB Public Markets I LLC

MBB Public Markets I LLC purchased a new position in The Allstate Corporation (NYSE:ALL) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,507 shares of the insurance provider’s stock, valued at approximately $312,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Rehmann Capital Advisory Group increased its stake in Allstate by 3.2% in the 1st quarter. Rehmann Capital Advisory Group now owns 1,630 shares of the insurance provider’s stock worth $338,000 after purchasing an additional 51 shares in the last quarter. Vantage Point Financial LLC increased its stake in Allstate by 3.6% in the 1st quarter. Vantage Point Financial LLC now owns 1,495 shares of the insurance provider’s stock worth $310,000 after purchasing an additional 52 shares in the last quarter. Confluence Wealth Services Inc. increased its stake in Allstate by 0.7% in the 1st quarter. Confluence Wealth Services Inc. now owns 8,000 shares of the insurance provider’s stock worth $1,558,000 after purchasing an additional 54 shares in the last quarter. Linscomb Wealth Inc. boosted its position in Allstate by 1.3% during the 1st quarter. Linscomb Wealth Inc. now owns 4,079 shares of the insurance provider’s stock worth $845,000 after acquiring an additional 54 shares during the period. Finally, Ancora Advisors LLC grew its stake in Allstate by 0.7% during the 1st quarter. Ancora Advisors LLC now owns 8,402 shares of the insurance provider’s stock valued at $1,740,000 after acquiring an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on ALL. Cantor Fitzgerald raised Allstate to a “hold” rating in a research note on Wednesday, August 13th. William Blair began coverage on Allstate in a research note on Friday, June 6th. They set a “sector outperform” rating on the stock. UBS Group lifted their target price on Allstate from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Morgan Stanley lifted their target price on Allstate from $235.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $260.00 target price (up previously from $250.00) on shares of Allstate in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Allstate presently has an average rating of “Moderate Buy” and an average target price of $231.21.

Allstate Trading Down 0.1%

Shares of NYSE ALL opened at $200.13 on Wednesday. The stock has a market cap of $52.74 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 0.80 and a beta of 0.37. The business has a 50 day simple moving average of $200.70 and a 200 day simple moving average of $200.21. The Allstate Corporation has a 52 week low of $176.00 and a 52 week high of $214.76. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share for the quarter, topping the consensus estimate of $3.20 by $2.74. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The firm had revenue of $15.05 billion during the quarter, compared to analyst estimates of $16.59 billion. During the same period in the previous year, the company earned $1.61 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, research analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, August 29th will be issued a dividend of $1.00 per share. The ex-dividend date is Friday, August 29th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.0%. Allstate’s payout ratio is 18.81%.

Allstate 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.