Olistico Wealth LLC Has $56,000 Holdings in The Allstate Corporation $ALL

Olistico Wealth LLC decreased its stake in The Allstate Corporation (NYSE:ALL) by 87.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 276 shares of the insurance provider’s stock after selling 1,978 shares during the period. Olistico Wealth LLC’s holdings in Allstate were worth $56,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of ALL. Brighton Jones LLC grew its position in Allstate by 60.2% in the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock worth $1,253,000 after purchasing an additional 2,443 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Allstate in the fourth quarter valued at about $231,000. Merit Financial Group LLC grew its position in Allstate by 120.7% during the first quarter. Merit Financial Group LLC now owns 8,627 shares of the insurance provider’s stock worth $1,786,000 after buying an additional 4,718 shares in the last quarter. RFG Advisory LLC increased its stake in Allstate by 29.9% during the first quarter. RFG Advisory LLC now owns 1,467 shares of the insurance provider’s stock valued at $304,000 after acquiring an additional 338 shares during the period. Finally, Sard Wealth Management Group LLC acquired a new position in Allstate in the 1st quarter valued at approximately $204,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Price Performance

NYSE:ALL opened at $210.92 on Friday. The Allstate Corporation has a 12 month low of $176.00 and a 12 month high of $215.70. The company’s 50-day moving average price is $204.72 and its two-hundred day moving average price is $201.03. 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 firm has a market cap of $55.58 billion, a PE ratio of 9.92, a price-to-earnings-growth ratio of 0.83 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 EPS 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 business had revenue of $15.05 billion for the quarter, compared to analyst estimates of $16.59 billion. During the same period in the prior year, the company earned $1.61 EPS. Allstate’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, equities analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, August 29th were given 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%.

Wall Street Analysts Forecast Growth

ALL has been the topic of a number of research reports. UBS Group boosted their price objective on Allstate from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Citigroup upgraded shares of Allstate to a “hold” rating in a research note on Wednesday, August 13th. Jefferies Financial Group increased their price objective on shares of Allstate from $254.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Wolfe Research upgraded shares of Allstate to a “strong-buy” rating in a research report on Tuesday, September 16th. Finally, Wells Fargo & Company set a $202.00 target price on shares of Allstate and gave the company an “equal weight” rating in a research note on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $231.56.

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.