The Allstate Co. (NYSE:ALL) Stock Position Decreased by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its position in The Allstate Co. (NYSE:ALLGet Rating) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 50,537 shares of the insurance provider’s stock after selling 1,045 shares during the period. Yousif Capital Management LLC’s holdings in Allstate were worth $6,293,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cowa LLC acquired a new stake in Allstate during the first quarter valued at approximately $30,000. Victory Capital Management Inc. lifted its position in shares of Allstate by 231.0% in the 2nd quarter. Victory Capital Management Inc. now owns 2,324,667 shares of the insurance provider’s stock valued at $294,605,000 after acquiring an additional 1,622,432 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Allstate by 41.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,572,349 shares of the insurance provider’s stock valued at $320,333,000 after acquiring an additional 759,114 shares in the last quarter. Bain Capital Public Equity Management II LLC lifted its position in shares of Allstate by 112.8% in the 2nd quarter. Bain Capital Public Equity Management II LLC now owns 1,417,434 shares of the insurance provider’s stock valued at $179,631,000 after acquiring an additional 751,301 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Allstate by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 24,850,782 shares of the insurance provider’s stock valued at $3,442,082,000 after acquiring an additional 745,096 shares in the last quarter. Institutional investors own 77.48% of the company’s stock.

Allstate Price Performance

NYSE ALL opened at $127.26 on Wednesday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.51. The company has a fifty day simple moving average of $133.66 and a 200 day simple moving average of $128.36. The company has a market cap of $33.75 billion, a P/E ratio of -89.62, a P/E/G ratio of 2.45 and a beta of 0.61. The Allstate Co. has a 1 year low of $111.85 and a 1 year high of $144.46.

Allstate (NYSE:ALLGet Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The insurance provider reported ($1.56) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.57) by $0.01. The business had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $13.30 billion. Allstate had a negative net margin of 0.41% and a positive return on equity of 5.13%. Allstate’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 EPS. On average, sell-side analysts predict that The Allstate Co. will post -0.22 EPS for the current year.

Allstate Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Wednesday, November 30th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Tuesday, November 29th. Allstate’s dividend payout ratio (DPR) is presently -239.44%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ALL shares. StockNews.com started coverage on shares of Allstate in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. BMO Capital Markets assumed coverage on shares of Allstate in a research note on Thursday, January 19th. They issued a “market perform” rating and a $130.00 price objective on the stock. Keefe, Bruyette & Woods upgraded shares of Allstate from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $136.00 to $158.00 in a research note on Tuesday, October 11th. Barclays dropped their price objective on shares of Allstate from $144.00 to $126.00 and set an “equal weight” rating on the stock in a research note on Friday, January 20th. Finally, Citigroup dropped their price objective on shares of Allstate from $160.00 to $150.00 in a research note on Thursday, January 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $147.85.

About Allstate

(Get Rating)

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home and stand-alone scheduled personal property; and commercial lines products under the Allstate and Encompass brand names.

Read More

Institutional Ownership by Quarter for Allstate (NYSE:ALL)

Receive News & Ratings for Allstate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate and related companies with MarketBeat.com's FREE daily email newsletter.