The Allstate Corporation $ALL Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC lowered its stake in The Allstate Corporation (NYSE:ALL) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,713 shares of the insurance provider’s stock after selling 233 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Allstate were worth $1,964,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in Allstate by 60.2% during the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock valued at $1,253,000 after acquiring an additional 2,443 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Allstate during the fourth quarter worth approximately $231,000. NBC Securities Inc. grew its position in Allstate by 129,200.0% during the first quarter. NBC Securities Inc. now owns 2,586 shares of the insurance provider’s stock valued at $535,000 after purchasing an additional 2,584 shares in the last quarter. Gradient Investments LLC purchased a new position in Allstate during the first quarter valued at approximately $237,000. Finally, Harbor Investment Advisory LLC increased its stake in Allstate by 22.5% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,813 shares of the insurance provider’s stock valued at $375,000 after buying an additional 333 shares during the period. 76.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALL has been the subject of a number of research reports. UBS Group lifted their target price on shares of Allstate from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Wolfe Research raised Allstate to a “strong-buy” rating in a research report on Tuesday, September 16th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $260.00 target price (up from $250.00) on shares of Allstate in a research report on Monday, August 4th. Wells Fargo & Company set a $202.00 price target on Allstate and gave the stock an “equal weight” rating in a research note on Tuesday, August 5th. Finally, Jefferies Financial Group boosted their price target on Allstate from $254.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $231.56.

Allstate Stock Performance

ALL opened at $211.00 on Thursday. The company has a market cap of $55.60 billion, a PE ratio of 9.92, a price-to-earnings-growth ratio of 0.84 and a beta of 0.38. The stock has a 50-day moving average of $204.10 and a 200-day moving average of $201.02. The Allstate Corporation has a 52-week low of $176.00 and a 52-week high of $215.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 28.74% and a net margin of 8.79%.The firm’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business 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 fiscal year.

Allstate Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, August 29th were paid a $1.00 dividend. The ex-dividend date 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 (DPR) is presently 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.