Ashton Thomas Securities LLC Increases Stake in The Allstate Corporation $ALL

Ashton Thomas Securities LLC raised its holdings in shares of The Allstate Corporation (NYSE:ALL) by 18.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,827 shares of the insurance provider’s stock after buying an additional 446 shares during the period. Ashton Thomas Securities LLC’s holdings in Allstate were worth $569,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ALL. Brighton Jones LLC lifted its position in Allstate by 60.2% during the fourth quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock valued at $1,253,000 after purchasing an additional 2,443 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in Allstate during the fourth quarter valued at $231,000. NBC Securities Inc. lifted 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 during the last quarter. Merit Financial Group LLC lifted its position in Allstate by 120.7% during the first quarter. Merit Financial Group LLC now owns 8,627 shares of the insurance provider’s stock valued at $1,786,000 after purchasing an additional 4,718 shares during the last quarter. Finally, RFG Advisory LLC lifted its position in Allstate by 29.9% during the first quarter. RFG Advisory LLC now owns 1,467 shares of the insurance provider’s stock valued at $304,000 after purchasing an additional 338 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Allstate Stock Performance

Shares of NYSE ALL opened at $210.00 on Friday. The company has a current ratio of 0.43, a quick 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 company has a 50 day simple moving average of $204.42 and a two-hundred day simple moving average of $201.01. The stock has a market cap of $55.34 billion, a price-to-earnings ratio of 9.87, a PEG 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 EPS for the quarter, beating the consensus estimate of $3.20 by $2.74. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The business had revenue of $15.05 billion during the quarter, compared to analysts’ expectations of $16.59 billion. During the same period in the previous year, the business posted $1.61 EPS. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, August 29th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, August 29th. Allstate’s payout ratio is 18.81%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Roth Capital set a $230.00 target price on shares of Allstate and gave the stock a “buy” rating in a report on Friday, September 26th. Barclays restated an “underweight” rating and issued a $198.00 target price (up previously from $188.00) on shares of Allstate in a report on Thursday, July 31st. Wolfe Research upgraded shares of Allstate to a “strong-buy” rating in a report on Tuesday, September 16th. Wells Fargo & Company set a $202.00 target price on shares of Allstate and gave the stock an “equal weight” rating in a report on Tuesday, August 5th. Finally, Evercore ISI set a $233.00 target price on shares of Allstate and gave the stock an “in-line” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Allstate has an average rating of “Moderate Buy” and a consensus target price of $231.56.

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.