The Allstate Corporation $ALL Shares Sold by True North Advisors LLC

True North Advisors LLC trimmed its position in shares of The Allstate Corporation (NYSE:ALL) by 15.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,654 shares of the insurance provider’s stock after selling 2,050 shares during the quarter. True North Advisors LLC’s holdings in Allstate were worth $2,346,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. boosted its holdings in Allstate by 24.0% in the 2nd quarter. ST Germain D J Co. Inc. now owns 1,347 shares of the insurance provider’s stock valued at $271,000 after purchasing an additional 261 shares in the last quarter. Novem Group boosted its stake in shares of Allstate by 0.8% in the second quarter. Novem Group now owns 21,157 shares of the insurance provider’s stock valued at $4,259,000 after buying an additional 170 shares in the last quarter. TCI Wealth Advisors Inc. acquired a new position in Allstate during the second quarter worth $264,000. CX Institutional raised its position in Allstate by 504.8% in the second quarter. CX Institutional now owns 30,186 shares of the insurance provider’s stock worth $6,077,000 after acquiring an additional 25,195 shares in the last quarter. Finally, Meyer Handelman Co. lifted its holdings in Allstate by 1.7% in the second quarter. Meyer Handelman Co. now owns 190,802 shares of the insurance provider’s stock valued at $38,410,000 after acquiring an additional 3,281 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. BMO Capital Markets upped their price target on shares of Allstate from $230.00 to $235.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Raymond James Financial restated a “strong-buy” rating and set a $260.00 target price (up from $250.00) on shares of Allstate in a research report on Monday, August 4th. UBS Group lifted their price target on shares of Allstate from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Morgan Stanley boosted their price target on Allstate from $235.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Wolfe Research raised Allstate to a “strong-buy” rating in a research note on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $231.47.

Allstate Stock Performance

Allstate stock opened at $209.97 on Friday. The Allstate Corporation has a fifty-two week low of $176.00 and a fifty-two week high of $214.76. The company has a market capitalization of $55.33 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 0.83 and a beta of 0.37. The stock has a fifty day moving average of $202.75 and a two-hundred day moving average of $200.75. 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 posted its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $16.59 billion. During the same quarter last year, the company earned $1.61 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, August 29th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is 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%.

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.