Headland Capital LLC Buys 660 Shares of The Allstate Corporation $ALL

Headland Capital LLC raised its holdings in The Allstate Corporation (NYSE:ALL) by 57.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,805 shares of the insurance provider’s stock after buying an additional 660 shares during the period. Allstate comprises approximately 0.2% of Headland Capital LLC’s investment portfolio, making the stock its 24th biggest holding. Headland Capital LLC’s holdings in Allstate were worth $363,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Valeo Financial Advisors LLC grew its position in shares of Allstate by 4.4% in the second quarter. Valeo Financial Advisors LLC now owns 4,272 shares of the insurance provider’s stock valued at $860,000 after purchasing an additional 180 shares during the last quarter. Knights of Columbus Asset Advisors LLC lifted its stake in Allstate by 3.8% during the second quarter. Knights of Columbus Asset Advisors LLC now owns 53,802 shares of the insurance provider’s stock worth $10,831,000 after purchasing an additional 1,959 shares during the last quarter. Berger Financial Group Inc lifted its stake in Allstate by 0.5% during the second quarter. Berger Financial Group Inc now owns 31,862 shares of the insurance provider’s stock worth $6,414,000 after purchasing an additional 167 shares during the last quarter. Clarius Group LLC lifted its stake in Allstate by 10.7% during the second quarter. Clarius Group LLC now owns 4,101 shares of the insurance provider’s stock worth $826,000 after purchasing an additional 398 shares during the last quarter. Finally, 111 Capital bought a new position in shares of Allstate in the 2nd quarter valued at $1,258,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Performance

Shares of Allstate stock opened at $210.92 on Monday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $204.72 and a two-hundred day moving average price of $200.97. The Allstate Corporation has a 1-year low of $176.00 and a 1-year high of $215.70. The company has a market cap of $55.58 billion, a P/E ratio of 9.92, a PEG ratio of 0.83 and a beta of 0.38.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $16.59 billion. During the same period last year, the business posted $1.61 EPS. The business’s revenue was up 5.8% compared to the same quarter last year. As a group, analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders 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 dividend yield of 1.9%. Allstate’s dividend payout ratio (DPR) is currently 18.81%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ALL shares. Roth Capital set a $230.00 price target on Allstate and gave the company a “buy” rating in a research note on Friday, September 26th. Wall Street Zen raised Allstate from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Cantor Fitzgerald raised Allstate to a “hold” rating in a research report on Wednesday, August 13th. UBS Group raised their target price on Allstate from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Finally, BMO Capital Markets raised their target price on Allstate from $230.00 to $235.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Two 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $231.56.

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.