Stock Yards Bank & Trust Co. Has $1.41 Million Position in The Allstate Corporation $ALL

Stock Yards Bank & Trust Co. boosted its holdings in shares of The Allstate Corporation (NYSE:ALL) by 9.5% during the second quarter, Holdings Channel reports. The institutional investor owned 6,994 shares of the insurance provider’s stock after acquiring an additional 605 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Allstate were worth $1,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its stake in Allstate by 30.3% during the first quarter. Sequoia Financial Advisors LLC now owns 11,361 shares of the insurance provider’s stock worth $2,352,000 after buying an additional 2,643 shares in the last quarter. Atlas Capital Advisors Inc. lifted its holdings in shares of Allstate by 197.3% during the first quarter. Atlas Capital Advisors Inc. now owns 6,712 shares of the insurance provider’s stock valued at $1,390,000 after acquiring an additional 4,454 shares during the period. Richard Bernstein Advisors LLC bought a new position in shares of Allstate during the first quarter valued at $3,341,000. Dock Street Asset Management Inc. bought a new position in shares of Allstate during the first quarter valued at $207,000. Finally, First Citizens Bank & Trust Co. lifted its holdings in shares of Allstate by 5.5% during the first quarter. First Citizens Bank & Trust Co. now owns 57,499 shares of the insurance provider’s stock valued at $11,906,000 after acquiring an additional 2,981 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ALL. Cantor Fitzgerald raised Allstate to a “hold” rating in a report on Wednesday, August 13th. Jefferies Financial Group lifted their price objective on Allstate from $254.00 to $255.00 and gave the company a “buy” rating in a report on Monday, August 11th. BMO Capital Markets lifted their price objective on Allstate from $230.00 to $235.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Morgan Stanley lifted their price objective on Allstate from $235.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Roth Capital set a $230.00 price target on Allstate and gave the company a “buy” rating in a report on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Allstate has an average rating of “Moderate Buy” and a consensus target price of $231.56.

Allstate Stock Performance

Allstate stock opened at $210.92 on Friday. The stock has a 50-day simple moving average of $204.72 and a 200 day simple moving average of $201.03. 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. The stock has a market capitalization of $55.58 billion, a price-to-earnings ratio of 9.92, a P/E/G ratio of 0.83 and a beta of 0.38.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share for the quarter, topping the consensus estimate of $3.20 by $2.74. The firm had revenue of $15.05 billion during the quarter, compared to analysts’ expectations of $16.59 billion. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.61 EPS. 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th were issued 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 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.