Investors Asset Management of Georgia Inc. GA ADV Sells 90 Shares of The Allstate Corporation $ALL

Investors Asset Management of Georgia Inc. GA ADV lowered its position in The Allstate Corporation (NYSE:ALL) by 2.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,275 shares of the insurance provider’s stock after selling 90 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Allstate were worth $659,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ALL. Brighton Jones LLC raised its holdings in Allstate by 60.2% during the fourth quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock worth $1,253,000 after buying an additional 2,443 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Allstate in the 4th quarter worth about $231,000. RFG Advisory LLC lifted its position in Allstate by 29.9% in the 1st quarter. RFG Advisory LLC now owns 1,467 shares of the insurance provider’s stock valued at $304,000 after acquiring an additional 338 shares in the last quarter. Independence Bank of Kentucky boosted its stake in Allstate by 7.9% during the 1st quarter. Independence Bank of Kentucky now owns 3,210 shares of the insurance provider’s stock valued at $665,000 after purchasing an additional 235 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in Allstate during the 1st quarter valued at about $234,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

ALL has been the subject of several analyst reports. Wall Street Zen raised Allstate from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. Raymond James Financial reissued a “strong-buy” rating and issued a $260.00 price target (up from $250.00) on shares of Allstate in a research report on Monday, August 4th. Barclays restated an “underweight” rating and set a $198.00 price objective (up from $188.00) on shares of Allstate in a research note on Thursday, July 31st. Evercore ISI set a $233.00 target price on shares of Allstate and gave the stock an “in-line” rating in a research note on Wednesday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Allstate in a report on Saturday, September 27th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $231.56.

Allstate Stock Performance

Shares of ALL stock opened at $210.92 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market cap of $55.58 billion, a price-to-earnings ratio of 9.92, a P/E/G ratio of 0.83 and a beta of 0.38. The Allstate Corporation has a 52 week low of $176.00 and a 52 week high of $215.70. The firm’s 50-day simple moving average is $204.72 and its two-hundred day simple moving average is $200.97.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.20 by $2.74. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The business had revenue of $15.05 billion during the quarter, compared to the consensus estimate of $16.59 billion. During the same period last year, the business posted $1.61 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities 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. Stockholders of record on Friday, August 29th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, August 29th. Allstate’s dividend payout ratio 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.