1,015 Shares in The Allstate Co. (NYSE:ALL) Purchased by Silvia Mccoll Wealth Management LLC

Silvia Mccoll Wealth Management LLC purchased a new position in shares of The Allstate Co. (NYSE:ALL) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,015 shares of the insurance provider’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ALL. Intrust Bank NA boosted its position in shares of Allstate by 0.5% during the 4th quarter. Intrust Bank NA now owns 12,135 shares of the insurance provider’s stock worth $2,340,000 after purchasing an additional 61 shares in the last quarter. Perigon Wealth Management LLC boosted its position in shares of Allstate by 2.1% during the 4th quarter. Perigon Wealth Management LLC now owns 2,990 shares of the insurance provider’s stock worth $571,000 after purchasing an additional 62 shares in the last quarter. Mather Group LLC. boosted its position in shares of Allstate by 1.7% during the 4th quarter. Mather Group LLC. now owns 3,616 shares of the insurance provider’s stock worth $697,000 after purchasing an additional 62 shares in the last quarter. Angeles Wealth Management LLC raised its holdings in shares of Allstate by 4.6% in the 4th quarter. Angeles Wealth Management LLC now owns 1,403 shares of the insurance provider’s stock worth $270,000 after acquiring an additional 62 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Allstate by 4.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,505 shares of the insurance provider’s stock worth $290,000 after acquiring an additional 63 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Allstate Trading Up 0.8%

NYSE:ALL opened at $206.64 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.40 and a current ratio of 0.36. The firm has a market cap of $54.72 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 1.01 and a beta of 0.32. The Allstate Co. has a 52 week low of $156.66 and a 52 week high of $212.91. The firm has a 50-day moving average price of $199.44 and a two-hundred day moving average price of $196.68.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.53 EPS for the quarter, missing the consensus estimate of $3.98 by ($0.45). The firm had revenue of $14.30 billion during the quarter, compared to analysts’ expectations of $16.41 billion. Allstate had a net margin of 7.28% and a return on equity of 28.20%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $5.13 EPS. On average, equities analysts expect that The Allstate Co. will post 18.74 earnings per share for the current fiscal year.

Allstate announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 26th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the insurance provider to buy up to 3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Allstate Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 9th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $4.00 annualized dividend and a dividend yield of 1.94%. Allstate’s payout ratio is currently 27.32%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ALL. BMO Capital Markets restated an “outperform” rating on shares of Allstate in a report on Friday, May 16th. Raymond James restated a “strong-buy” rating and issued a $250.00 target price (up previously from $240.00) on shares of Allstate in a report on Monday, May 5th. JPMorgan Chase & Co. upped their target price on shares of Allstate from $217.00 to $222.00 and gave the stock an “overweight” rating in a report on Tuesday, April 8th. Evercore ISI upped their target price on shares of Allstate from $227.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Finally, Morgan Stanley upped their target price on shares of Allstate from $225.00 to $235.00 and gave the stock an “overweight” rating in a report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $225.20.

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.