Fifth Third Wealth Advisors LLC Sells 110 Shares of The Allstate Corporation $ALL

Fifth Third Wealth Advisors LLC lowered its holdings in The Allstate Corporation (NYSE:ALL) by 2.0% in the second quarter, Holdings Channel reports. The firm owned 5,509 shares of the insurance provider’s stock after selling 110 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Allstate were worth $1,109,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ALL. Arlington Trust Co LLC increased its stake in shares of Allstate by 261.8% during the 2nd 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 last quarter. Hughes Financial Services LLC acquired a new position in shares of Allstate during the 1st quarter worth about $28,000. Hilltop National Bank acquired a new position in shares of Allstate during the 2nd quarter worth about $34,000. Meeder Asset Management Inc. increased its stake in shares of Allstate by 113.8% during the 1st 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 last quarter. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of Allstate during the 1st quarter worth about $43,000. Institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

Shares of Allstate stock opened at $205.59 on Friday. The Allstate Corporation has a twelve month low of $176.00 and a twelve month high of $215.70. 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 company has a 50-day simple moving average of $206.06 and a two-hundred day simple moving average of $201.07. The stock has a market capitalization of $54.18 billion, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of 0.79 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 for the quarter, topping the consensus estimate 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 analysts’ expectations of $16.59 billion. During the same quarter in the previous year, the company earned $1.61 EPS. The business’s revenue was up 5.8% on a year-over-year basis. Analysts forecast that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ALL shares. Citigroup upgraded shares of Allstate to a “hold” rating in a research note on Wednesday, August 13th. Roth Capital set a $230.00 price objective on shares of Allstate and gave the stock a “buy” rating in a research note on Friday, September 26th. Wells Fargo & Company set a $202.00 target price on shares of Allstate and gave the stock an “equal weight” rating in a report on Tuesday, August 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allstate in a report on Wednesday. Finally, Cantor Fitzgerald raised shares of Allstate to a “hold” rating in a report on Wednesday, August 13th. Two investment 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 given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $234.50.

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.