Alpha Financial Partners LLC Sells 109 Shares of The Allstate Corporation $ALL

Alpha Financial Partners LLC reduced its position in The Allstate Corporation (NYSE:ALL) by 6.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,722 shares of the insurance provider’s stock after selling 109 shares during the quarter. Alpha Financial Partners LLC’s holdings in Allstate were worth $347,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ALL. Arlington Trust Co LLC lifted its position in Allstate by 261.8% in the second quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 89 shares during the period. Hughes Financial Services LLC bought a new position in Allstate in the first quarter worth $28,000. Hilltop National Bank bought a new position in Allstate in the second quarter worth $34,000. Meeder Asset Management Inc. lifted its position in Allstate by 113.8% in the first quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 99 shares during the period. Finally, McClarren Financial Advisors Inc. bought a new position in Allstate in the first quarter worth $43,000. 76.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ALL. Wolfe Research raised Allstate to a “strong-buy” rating in a report on Tuesday, September 16th. Roth Capital set a $230.00 price objective on Allstate and gave the company a “buy” rating in a report on Friday, September 26th. BMO Capital Markets lifted their price objective on Allstate from $230.00 to $235.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Jefferies Financial Group lifted their price objective on Allstate from $254.00 to $255.00 and gave the company a “buy” rating in a report on Monday, August 11th. Finally, Barclays reissued 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. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.50.

Allstate Stock Performance

Allstate stock opened at $205.59 on Friday. The stock has a 50-day simple moving average of $206.06 and a 200 day simple moving average of $201.07. 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 Allstate Corporation has a 12-month low of $176.00 and a 12-month high of $215.70. The stock has a market capitalization of $54.18 billion, a price-to-earnings ratio of 9.67, a P/E/G ratio of 0.79 and a beta of 0.38.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.20 by $2.74. The business had revenue of $15.05 billion during the quarter, compared to analysts’ expectations of $16.59 billion. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.61 earnings per share. On average, research analysts anticipate that The Allstate Corporation will post 18.74 earnings per share 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 issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 29th. Allstate’s payout ratio is currently 18.81%.

Allstate Company 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.