Bartlett & CO. Wealth Management LLC Sells 233 Shares of The Allstate Corporation $ALL

Bartlett & CO. Wealth Management LLC reduced its holdings in The Allstate Corporation (NYSE:ALL) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,713 shares of the insurance provider’s stock after selling 233 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Allstate were worth $1,964,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Arlington Trust Co LLC increased its position in Allstate by 261.8% during the second quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 89 shares during the period. Hughes Financial Services LLC acquired a new stake in Allstate in the 1st quarter worth $28,000. Meeder Asset Management Inc. increased its holdings 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 period. McClarren Financial Advisors Inc. acquired a new position in shares of Allstate during the first quarter valued at about $43,000. Finally, 1 North Wealth Services LLC bought a new stake in shares of Allstate in the first quarter valued at about $51,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Citigroup upgraded Allstate to a “hold” rating in a research note on Wednesday, August 13th. Wells Fargo & Company set a $202.00 price objective on Allstate and gave the company an “equal weight” rating in a research report on Tuesday, August 5th. Evercore ISI set a $233.00 target price on Allstate and gave the stock an “in-line” rating in a research report on Wednesday. Jefferies Financial Group lifted their price target on shares of Allstate from $254.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Finally, BMO Capital Markets increased their price objective 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. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $231.56.

Allstate Stock Performance

Shares of NYSE:ALL opened at $211.00 on Thursday. 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 business’s fifty day moving average price is $204.10 and its two-hundred day moving average price is $201.02. The Allstate Corporation has a fifty-two week low of $176.00 and a fifty-two week high of $215.70. The stock has a market capitalization of $55.60 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 0.84 and a beta of 0.38.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, July 30th. The insurance provider reported $5.94 EPS for the quarter, beating 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 company had revenue of $15.05 billion for the quarter, compared to the consensus estimate of $16.59 billion. During the same quarter in the previous year, the company earned $1.61 EPS. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, analysts predict that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th were 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 of this dividend was Friday, August 29th. Allstate’s dividend payout ratio is currently 18.81%.

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.