The Allstate Corporation $ALL Shares Sold by Annex Advisory Services LLC

Annex Advisory Services LLC lessened its stake in The Allstate Corporation (NYSE:ALL) by 7.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,989 shares of the insurance provider’s stock after selling 313 shares during the period. Annex Advisory Services LLC’s holdings in Allstate were worth $803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of ALL. Farther Finance Advisors LLC raised its holdings in shares of Allstate by 4.6% in the second quarter. Farther Finance Advisors LLC now owns 5,872 shares of the insurance provider’s stock valued at $1,182,000 after buying an additional 257 shares during the last quarter. CX Institutional increased its holdings in Allstate by 504.8% in the second quarter. CX Institutional now owns 30,186 shares of the insurance provider’s stock valued at $6,077,000 after buying an additional 25,195 shares in the last quarter. Viking Fund Management LLC purchased a new position in Allstate in the second quarter valued at about $3,624,000. IFM Investors Pty Ltd grew its position in shares of Allstate by 4.6% in the second quarter. IFM Investors Pty Ltd now owns 50,743 shares of the insurance provider’s stock valued at $10,215,000 after purchasing an additional 2,209 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its position in shares of Allstate by 7.2% in the second quarter. Exchange Traded Concepts LLC now owns 5,689 shares of the insurance provider’s stock valued at $1,145,000 after purchasing an additional 380 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on ALL. UBS Group lifted their target price on shares of Allstate from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. BMO Capital Markets raised their target price on shares of Allstate from $230.00 to $235.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Keefe, Bruyette & Woods lifted their price target on shares of Allstate from $237.00 to $246.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Wells Fargo & Company set a $202.00 price target on shares of Allstate and gave the stock an “equal weight” rating in a research note on Tuesday, August 5th. Finally, Citigroup 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, twelve have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $231.47.

Allstate Stock Up 0.2%

ALL stock opened at $205.99 on Monday. The Allstate Corporation has a 52-week low of $176.00 and a 52-week high of $214.76. The company’s 50 day simple moving average is $201.63 and its 200-day simple moving average is $200.52. 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 firm has a market capitalization of $54.28 billion, a P/E ratio of 9.68, a P/E/G ratio of 0.82 and a beta of 0.37.

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. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The business had revenue of $15.05 billion for the quarter, compared to analyst estimates of $16.59 billion. During the same quarter in the previous year, the business earned $1.61 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. As a group, equities research analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, August 29th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.9%. The ex-dividend date is 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.