The Allstate Corporation $ALL Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC cut its position in The Allstate Corporation (NYSE:ALL) by 4.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,599 shares of the insurance provider’s stock after selling 219 shares during the quarter. Copeland Capital Management LLC’s holdings in Allstate were worth $926,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ALL. Arlington Trust Co LLC boosted its position in shares of Allstate by 261.8% in the 2nd quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 89 shares during the period. Hughes Financial Services LLC purchased a new stake in Allstate during the 1st quarter valued at approximately $28,000. Hilltop National Bank purchased a new stake in Allstate during the 2nd quarter valued at approximately $34,000. Meeder Asset Management Inc. raised its stake in Allstate by 113.8% during the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 99 shares during the last quarter. Finally, McClarren Financial Advisors Inc. purchased a new stake in Allstate during the 1st quarter valued at approximately $43,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Price Performance

ALL stock opened at $210.92 on Friday. The Allstate Corporation has a 52-week low of $176.00 and a 52-week high of $215.70. The stock’s fifty day simple moving average is $204.72 and its 200-day simple moving average is $201.06. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $55.58 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 0.82 and a beta of 0.38.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $16.59 billion. During the same quarter last year, the firm earned $1.61 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. Equities research analysts expect that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th were given a $1.00 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $4.00 annualized dividend and a yield of 1.9%. Allstate’s dividend payout ratio (DPR) is 18.81%.

Analysts Set New Price Targets

Several analysts have commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allstate in a research note on Saturday, September 27th. BMO Capital Markets upped their price objective on Allstate from $230.00 to $235.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Citigroup raised Allstate to a “hold” rating in a research note on Wednesday, August 13th. Wall Street Zen raised Allstate from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. Finally, Morgan Stanley increased their target price on Allstate from $235.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $231.56.

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.