Applied Capital LLC FL Has $326,000 Position in The Allstate Corporation $ALL

Applied Capital LLC FL cut its stake in The Allstate Corporation (NYSE:ALL) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,621 shares of the insurance provider’s stock after selling 80 shares during the quarter. Applied Capital LLC FL’s holdings in Allstate were worth $326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ALL. Sequoia Financial Advisors LLC raised its stake in shares of Allstate by 30.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 11,361 shares of the insurance provider’s stock worth $2,352,000 after purchasing an additional 2,643 shares in the last quarter. Atlas Capital Advisors Inc. raised its position in Allstate by 197.3% during the first quarter. Atlas Capital Advisors Inc. now owns 6,712 shares of the insurance provider’s stock valued at $1,390,000 after acquiring an additional 4,454 shares in the last quarter. Richard Bernstein Advisors LLC acquired a new stake in Allstate in the first quarter valued at approximately $3,341,000. Dock Street Asset Management Inc. bought a new stake in Allstate in the first quarter worth approximately $207,000. Finally, Zurich Insurance Group Ltd FI acquired a new position in shares of Allstate during the 1st quarter worth $22,405,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Price Performance

Shares of NYSE:ALL opened at $205.59 on Friday. The company has a market cap of $54.18 billion, a price-to-earnings ratio of 9.67, a PEG ratio of 0.80 and a beta of 0.38. The business has a 50 day moving average price of $206.06 and a 200 day moving average price of $201.13. 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 announced 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 net margin of 8.79% and a return on equity of 28.74%. The business had revenue of $15.05 billion for the quarter, compared to analyst estimates of $16.59 billion. During the same quarter in the previous year, the firm posted $1.61 earnings per share. Allstate’s revenue was up 5.8% compared to the same quarter last year. Research analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Dividend Announcement

The business 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. This represents a $4.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, August 29th. Allstate’s dividend payout ratio (DPR) is presently 18.81%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ALL shares. Wolfe Research raised shares of Allstate to a “strong-buy” rating in a research note on Tuesday, September 16th. Barclays reiterated an “underweight” rating and set a $198.00 price target (up previously from $188.00) on shares of Allstate in a research note on Thursday, July 31st. JPMorgan Chase & Co. raised their price objective on Allstate from $235.00 to $254.00 and gave the company an “overweight” rating in a research note on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of Allstate in a report on Wednesday. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $260.00 price target (up previously from $250.00) on shares of Allstate in a report on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Allstate has a consensus rating of “Moderate Buy” and an average target price of $234.50.

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.