Ashton Thomas Securities LLC Boosts Stock Holdings in The Allstate Corporation $ALL

Ashton Thomas Securities LLC increased its stake in The Allstate Corporation (NYSE:ALL) by 18.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,827 shares of the insurance provider’s stock after acquiring an additional 446 shares during the quarter. Ashton Thomas Securities LLC’s holdings in Allstate were worth $569,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of Allstate by 60.2% during the fourth quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock worth $1,253,000 after buying an additional 2,443 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of Allstate during the fourth quarter worth $231,000. NBC Securities Inc. grew its holdings in shares of Allstate by 129,200.0% during the first quarter. NBC Securities Inc. now owns 2,586 shares of the insurance provider’s stock worth $535,000 after buying an additional 2,584 shares in the last quarter. Merit Financial Group LLC boosted its position in shares of Allstate by 120.7% during the 1st quarter. Merit Financial Group LLC now owns 8,627 shares of the insurance provider’s stock valued at $1,786,000 after acquiring an additional 4,718 shares during the last quarter. Finally, RFG Advisory LLC boosted its position in shares of Allstate by 29.9% during the 1st 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 last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ALL. BMO Capital Markets boosted their price target on shares of Allstate from $230.00 to $235.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Wells Fargo & Company set a $202.00 price target on shares of Allstate and gave the company an “equal weight” rating in a research report on Tuesday, August 5th. Evercore ISI set a $233.00 price target on shares of Allstate and gave the company an “in-line” rating in a research report on Wednesday. Jefferies Financial Group boosted their price target on shares of Allstate from $254.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Allstate from $237.00 to $246.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $231.56.

Allstate Stock Down 0.3%

Shares of ALL opened at $210.00 on Friday. The stock has a market capitalization of $55.34 billion, a PE ratio of 9.87, a P/E/G ratio of 0.83 and a beta of 0.38. The Allstate Corporation has a 1 year low of $176.00 and a 1 year high of $215.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43. The company’s 50-day simple moving average is $204.42 and its 200-day simple moving average is $201.01.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.20 by $2.74. The business had revenue of $15.05 billion for the quarter, compared to analysts’ expectations of $16.59 billion. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.61 earnings per share. Analysts forecast that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend 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 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.