Lodestone Wealth Management LLC Sells 98 Shares of The Allstate Corporation (NYSE:ALL)

Lodestone Wealth Management LLC decreased its holdings in shares of The Allstate Corporation (NYSE:ALL) by 7.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,152 shares of the insurance provider’s stock after selling 98 shares during the period. Lodestone Wealth Management LLC’s holdings in Allstate were worth $238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. VSM Wealth Advisory LLC purchased a new stake in Allstate in the fourth quarter worth about $25,000. Twin Tree Management LP bought a new position in shares of Allstate during the 4th quarter valued at approximately $27,000. Vision Financial Markets LLC purchased a new stake in Allstate in the 4th quarter worth approximately $29,000. Hopwood Financial Services Inc. bought a new stake in Allstate during the 4th quarter worth approximately $29,000. Finally, Kapitalo Investimentos Ltda purchased a new position in Allstate during the fourth quarter valued at approximately $29,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Price Performance

Shares of ALL stock opened at $194.64 on Thursday. The stock has a 50 day moving average price of $201.26 and a 200 day moving average price of $196.57. The Allstate Corporation has a 52-week low of $157.50 and a 52-week high of $213.18. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market capitalization of $51.54 billion, a P/E ratio of 13.30, a P/E/G ratio of 1.04 and a beta of 0.33.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share for the quarter, missing the consensus estimate of $3.98 by ($0.45). The business had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $16.41 billion. Allstate had a return on equity of 24.62% and a net margin of 6.19%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $5.13 earnings per share. As a group, sell-side analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 9th were paid a $1.00 dividend. The ex-dividend date of this dividend was Monday, June 9th. This represents a $4.00 dividend on an annualized basis and a yield of 2.06%. Allstate’s dividend payout ratio is currently 27.32%.

Analysts Set New Price Targets

Several brokerages have recently commented on ALL. Wall Street Zen upgraded shares of Allstate from a “hold” rating to a “buy” rating in a research report on Thursday, May 1st. BMO Capital Markets reiterated an “outperform” rating on shares of Allstate in a research report on Friday, May 16th. JPMorgan Chase & Co. increased their price objective on shares of Allstate from $217.00 to $222.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. Evercore ISI boosted their target price on Allstate from $227.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Finally, Barclays cut their price target on Allstate from $183.00 to $172.00 and set an “underweight” rating for the company in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $225.20.

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.