Fort Washington Investment Advisors Inc. OH Lowers Holdings in The Allstate Corporation $ALL

Fort Washington Investment Advisors Inc. OH reduced its holdings in shares of The Allstate Corporation (NYSE:ALL) by 19.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,740 shares of the insurance provider’s stock after selling 415 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Allstate were worth $350,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Neumann Capital Management LLC boosted its position in Allstate by 1.7% in the 2nd quarter. Neumann Capital Management LLC now owns 8,956 shares of the insurance provider’s stock valued at $1,803,000 after buying an additional 150 shares during the period. LVW Advisors LLC raised its stake in shares of Allstate by 90.9% in the second quarter. LVW Advisors LLC now owns 2,287 shares of the insurance provider’s stock valued at $460,000 after acquiring an additional 1,089 shares in the last quarter. Signature Resources Capital Management LLC purchased a new position in Allstate in the second quarter valued at $63,000. Paragon Capital Management Ltd acquired a new position in Allstate during the 2nd quarter worth $203,000. Finally, Patton Fund Management Inc. purchased a new stake in Allstate during the 2nd quarter worth about $230,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Price Performance

Shares of ALL opened at $211.34 on Tuesday. 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 Allstate Corporation has a 1-year low of $176.00 and a 1-year high of $214.76. The stock has a market cap of $55.69 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 0.84 and a beta of 0.37. The firm has a fifty day moving average price of $203.49 and a 200 day moving average price of $200.85.

Allstate (NYSE:ALL) last posted its 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 analysts’ expectations of $16.59 billion. During the same quarter in the previous year, the firm earned $1.61 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley lifted their price objective on Allstate from $235.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. 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. William Blair assumed coverage on shares of Allstate in a research report on Friday, June 6th. They issued a “sector outperform” rating on the stock. Citigroup upgraded shares of Allstate to a “hold” rating in a report on Wednesday, August 13th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $260.00 target price (up previously from $250.00) on shares of Allstate in a research note on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $231.38.

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.