Ameritas Advisory Services LLC Has $2.11 Million Stake in The Allstate Corporation $ALL

Ameritas Advisory Services LLC boosted its position in The Allstate Corporation (NYSE:ALL) by 2.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,484 shares of the insurance provider’s stock after buying an additional 287 shares during the period. Ameritas Advisory Services LLC’s holdings in Allstate were worth $2,111,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ALL. Arlington Trust Co LLC raised its holdings in shares of Allstate by 261.8% during the second 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 acquired a new position in shares of Allstate during the first quarter valued at about $28,000. Hilltop National Bank acquired a new position in shares of Allstate during the second quarter valued at about $34,000. Meeder Asset Management Inc. raised its holdings in shares of Allstate by 113.8% during the first quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 99 shares during the period. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of Allstate during the first quarter valued at about $43,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Trading Up 0.4%

Shares of 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 company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43. The company has a 50-day simple moving average of $204.72 and a two-hundred day simple moving average of $201.06. The company has a market capitalization of $55.58 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 0.82 and a beta of 0.38.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.20 by $2.74. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The business had revenue of $15.05 billion during the quarter, compared to the consensus estimate of $16.59 billion. During the same period in the prior year, the firm posted $1.61 EPS. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. Research analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Announces Dividend

The company 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. This represents a $4.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 29th. Allstate’s dividend payout ratio is presently 18.81%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ALL. Barclays reiterated an “underweight” rating and set a $198.00 price objective (up previously from $188.00) on shares of Allstate in a report on Thursday, July 31st. BMO Capital Markets boosted their target price on shares of Allstate from $230.00 to $235.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Wall Street Zen raised shares of Allstate from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Jefferies Financial Group boosted their target price on shares of Allstate from $254.00 to $255.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Finally, Citigroup raised shares of Allstate to a “hold” rating in a research report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $231.56.

About Allstate

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.