111 Capital Invests $1.26 Million in The Allstate Corporation $ALL

111 Capital acquired a new position in shares of The Allstate Corporation (NYSE:ALL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,248 shares of the insurance provider’s stock, valued at approximately $1,258,000.

A number of other large investors have also bought and sold shares of the stock. Arlington Trust Co LLC grew its stake 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 buying an additional 89 shares during the period. Hughes Financial Services LLC acquired a new stake in Allstate in the first quarter valued at approximately $28,000. Hilltop National Bank acquired a new stake in Allstate in the second quarter valued at approximately $34,000. Meeder Asset Management Inc. grew its stake in Allstate by 113.8% in the first 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 period. Finally, McClarren Financial Advisors Inc. acquired a new stake in Allstate in the 1st quarter valued at $43,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ALL. Keefe, Bruyette & Woods lifted their price objective on shares of Allstate from $237.00 to $246.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Wells Fargo & Company set a $202.00 price objective on shares of Allstate and gave the stock an “equal weight” rating in a report on Tuesday, August 5th. Barclays reaffirmed an “underweight” rating and set a $198.00 price objective (up from $188.00) on shares of Allstate in a report on Thursday, July 31st. Weiss Ratings restated a “buy (b)” rating on shares of Allstate in a report on Saturday, September 27th. Finally, Wall Street Zen upgraded shares of Allstate from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $231.56.

Allstate Stock Up 0.4%

Shares of NYSE ALL opened at $210.92 on Friday. The Allstate Corporation has a one year low of $176.00 and a one year high of $215.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43. The business’s fifty day moving average price is $204.72 and its 200-day moving average price is $201.06. The stock has a market capitalization of $55.58 billion, a PE ratio of 9.92, a P/E/G ratio of 0.82 and a beta of 0.38.

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

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, August 29th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, August 29th. Allstate’s dividend payout ratio is presently 18.81%.

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.