Applied Capital LLC FL Sells 80 Shares of The Allstate Corporation $ALL

Applied Capital LLC FL lowered its holdings in shares of The Allstate Corporation (NYSE:ALL) by 4.7% during the second quarter, Holdings Channel reports. The institutional investor owned 1,621 shares of the insurance provider’s stock after selling 80 shares during the quarter. Applied Capital LLC FL’s holdings in Allstate were worth $326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in Allstate by 25.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,709,610 shares of the insurance provider’s stock valued at $2,424,710,000 after acquiring an additional 2,374,684 shares during the period. Boston Partners boosted its holdings in Allstate by 613.9% during the first quarter. Boston Partners now owns 2,482,654 shares of the insurance provider’s stock valued at $512,627,000 after purchasing an additional 2,134,893 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Allstate by 27.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,328,070 shares of the insurance provider’s stock valued at $482,073,000 after purchasing an additional 497,982 shares in the last quarter. Strs Ohio bought a new stake in shares of Allstate in the 1st quarter valued at approximately $84,408,000. Finally, AQR Capital Management LLC raised its holdings in shares of Allstate by 20.3% in the 1st quarter. AQR Capital Management LLC now owns 2,018,403 shares of the insurance provider’s stock worth $417,244,000 after buying an additional 340,150 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on ALL shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allstate in a research note on Wednesday. Roth Capital set a $230.00 price objective on Allstate and gave the company a “buy” rating in a report on Friday, September 26th. Jefferies Financial Group boosted their target price 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. 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 report on Monday, August 4th. Finally, Morgan Stanley lifted their price target on shares of Allstate from $235.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $234.50.

Allstate Stock Performance

Allstate stock opened at $205.59 on Friday. The stock has a 50-day simple moving average of $206.06 and a 200 day simple moving average of $201.13. The stock has a market capitalization of $54.18 billion, a price-to-earnings ratio of 9.67, a P/E/G ratio of 0.80 and a beta of 0.38. 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 Allstate Corporation has a 12-month low of $176.00 and a 12-month high of $215.70.

Allstate (NYSE:ALL) last issued its quarterly earnings data 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 net margin of 8.79% and a return on equity of 28.74%. The firm had revenue of $15.05 billion for the quarter, compared to analyst estimates of $16.59 billion. During the same quarter in the prior year, the firm earned $1.61 EPS. The company’s revenue was up 5.8% on a year-over-year basis. On average, research analysts anticipate that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, August 29th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, August 29th. Allstate’s payout ratio is 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.