Consolidated Planning Corp Acquires 534 Shares of The Allstate Corporation $ALL

Consolidated Planning Corp grew its holdings in The Allstate Corporation (NYSE:ALL) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,790 shares of the insurance provider’s stock after purchasing an additional 534 shares during the quarter. Consolidated Planning Corp’s holdings in Allstate were worth $4,387,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. USA Financial Formulas bought a new position in shares of Allstate during the 2nd quarter worth approximately $247,000. Trust Co. of Vermont raised its stake in shares of Allstate by 0.6% during the 2nd quarter. Trust Co. of Vermont now owns 24,961 shares of the insurance provider’s stock worth $5,025,000 after acquiring an additional 159 shares in the last quarter. Cooper Financial Group raised its stake in shares of Allstate by 5.5% during the 2nd quarter. Cooper Financial Group now owns 1,057 shares of the insurance provider’s stock worth $213,000 after acquiring an additional 55 shares in the last quarter. Capital Investment Advisors LLC raised its stake in shares of Allstate by 23.4% during the 2nd quarter. Capital Investment Advisors LLC now owns 4,654 shares of the insurance provider’s stock worth $937,000 after acquiring an additional 882 shares in the last quarter. Finally, HB Wealth Management LLC raised its stake in shares of Allstate by 6.5% during the 2nd quarter. HB Wealth Management LLC now owns 10,366 shares of the insurance provider’s stock worth $2,087,000 after acquiring an additional 636 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Roth Capital set a $230.00 price objective on shares of Allstate and gave the stock a “buy” rating in a research note on Friday, September 26th. Jefferies Financial Group boosted their price objective on shares of Allstate from $254.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Morgan Stanley boosted their target price on shares of Allstate from $235.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Wolfe Research raised shares of Allstate to a “strong-buy” rating in a research report on Tuesday, September 16th. Finally, Cantor Fitzgerald raised shares of Allstate to a “hold” rating in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Allstate currently has an average rating of “Moderate Buy” and a consensus price target of $231.56.

Allstate Stock Down 1.7%

ALL stock opened at $211.00 on Thursday. The firm’s fifty day simple moving average is $204.10 and its 200-day simple moving average is $201.02. The company has a market capitalization of $55.60 billion, a P/E ratio of 9.92, a price-to-earnings-growth ratio of 0.84 and a beta of 0.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43. The Allstate Corporation has a 12 month low of $176.00 and a 12 month high of $215.70.

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

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, August 29th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $4.00 dividend on an annualized basis and a yield of 1.9%. Allstate’s dividend payout ratio is 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.