LVW Advisors LLC Acquires 1,089 Shares of The Allstate Corporation $ALL

LVW Advisors LLC raised its position in shares of The Allstate Corporation (NYSE:ALL) by 90.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,287 shares of the insurance provider’s stock after buying an additional 1,089 shares during the quarter. LVW Advisors LLC’s holdings in Allstate were worth $460,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Allstate by 0.5% during the first quarter. Vanguard Group Inc. now owns 32,800,086 shares of the insurance provider’s stock valued at $6,791,914,000 after buying an additional 164,662 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Allstate by 25.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,709,610 shares of the insurance provider’s stock valued at $2,424,710,000 after buying an additional 2,374,684 shares during the last quarter. GQG Partners LLC lifted its position in shares of Allstate by 2.1% during the first quarter. GQG Partners LLC now owns 4,405,701 shares of the insurance provider’s stock valued at $912,288,000 after buying an additional 89,185 shares during the last quarter. Boston Partners lifted its position in shares of Allstate by 613.9% during the first quarter. Boston Partners now owns 2,482,654 shares of the insurance provider’s stock valued at $512,627,000 after buying an additional 2,134,893 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Allstate by 27.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,328,070 shares of the insurance provider’s stock worth $482,073,000 after purchasing an additional 497,982 shares during the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ALL. Cantor Fitzgerald raised shares of Allstate to a “hold” rating in a research report on Wednesday, August 13th. William Blair initiated coverage on shares of Allstate in a research note on Friday, June 6th. They issued a “sector outperform” rating on the stock. Jefferies Financial Group lifted their target price on shares of Allstate from $254.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Roth Capital set a $230.00 target price on shares of Allstate and gave the stock a “buy” rating in a research note on Friday. Finally, Wolfe Research raised shares of Allstate to a “strong-buy” rating in a research note on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $231.38.

Allstate Trading Up 1.4%

Shares of Allstate stock opened at $212.76 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. The stock has a market cap of $56.06 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 0.84 and a beta of 0.37. The company has a fifty day simple moving average of $203.12 and a 200-day simple moving average of $200.84. The Allstate Corporation has a 12-month low of $176.00 and a 12-month high of $214.76.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share for the quarter, topping 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 firm 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 company earned $1.61 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, equities analysts forecast that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, August 29th will be given a $1.00 dividend. The ex-dividend date is Friday, August 29th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.9%. Allstate’s dividend payout ratio (DPR) is currently 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.