Joel Isaacson & Co. LLC Purchases 116 Shares of The Allstate Corporation $ALL

Joel Isaacson & Co. LLC grew its position in The Allstate Corporation (NYSE:ALL) by 10.3% during the second quarter, HoldingsChannel.com reports. The firm owned 1,245 shares of the insurance provider’s stock after buying an additional 116 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Allstate were worth $251,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ALL. Brighton Jones LLC lifted its holdings in shares of Allstate by 60.2% in 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 in the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Allstate in the fourth quarter valued at about $231,000. Miracle Mile Advisors LLC increased its position in shares of Allstate by 1.7% in the first quarter. Miracle Mile Advisors LLC now owns 3,777 shares of the insurance provider’s stock valued at $782,000 after acquiring an additional 63 shares during the last quarter. OLD National Bancorp IN increased its position in shares of Allstate by 70.4% in the first quarter. OLD National Bancorp IN now owns 4,875 shares of the insurance provider’s stock valued at $1,009,000 after acquiring an additional 2,014 shares during the last quarter. Finally, Portside Wealth Group LLC increased its position in shares of Allstate by 8.4% in the first quarter. Portside Wealth Group LLC now owns 1,424 shares of the insurance provider’s stock valued at $295,000 after acquiring an additional 110 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors.

Allstate Price Performance

Shares of NYSE ALL opened at $211.69 on Wednesday. The business’s 50 day moving average price is $205.41 and its two-hundred day moving average price is $201.05. The company has a market cap of $55.78 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 0.81 and a beta of 0.38. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.37. The Allstate Corporation has a twelve month low of $176.00 and a twelve month high of $215.70.

Allstate (NYSE:ALL) last posted its earnings results 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 return on equity of 28.74% and a net margin of 8.79%.The company had revenue of $15.05 billion for the quarter, compared to the consensus estimate of $16.59 billion. During the same quarter in the prior year, the business earned $1.61 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts predict that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently issued reports on ALL. Wolfe Research raised Allstate to a “strong-buy” rating in a research report on Tuesday, September 16th. Citigroup raised Allstate to a “hold” rating in a research report on Wednesday, August 13th. Jefferies Financial Group lifted their target price on Allstate from $254.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allstate in a research report on Saturday, September 27th. Finally, Cantor Fitzgerald raised Allstate to a “hold” rating in a research report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.