ST Germain D J Co. Inc. Increases Stock Holdings in The Allstate Corporation $ALL

ST Germain D J Co. Inc. grew its stake in shares of The Allstate Corporation (NYSE:ALL) by 24.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,347 shares of the insurance provider’s stock after buying an additional 261 shares during the period. ST Germain D J Co. Inc.’s holdings in Allstate were worth $271,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Allstate by 0.5% during the 1st 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 in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Allstate by 25.4% during the 1st 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 in the last quarter. GQG Partners LLC lifted its position in shares of Allstate by 2.1% during the 1st 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 in the last quarter. Boston Partners lifted its position in shares of Allstate by 613.9% during the 1st 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 in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Allstate by 27.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,328,070 shares of the insurance provider’s stock valued at $482,073,000 after buying an additional 497,982 shares in the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Stock Performance

NYSE:ALL opened at $212.76 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43. The Allstate Corporation has a 1 year low of $176.00 and a 1 year high of $214.76. The stock’s 50 day simple moving average is $203.12 and its two-hundred day simple moving average is $200.84. The company 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.

Allstate (NYSE:ALL) last released its quarterly earnings data 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 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 the consensus estimate of $16.59 billion. During the same quarter in the previous year, the company posted $1.61 EPS. The company’s revenue was up 5.8% compared to the same quarter last year. As a group, equities analysts anticipate that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on ALL shares. William Blair started coverage on Allstate in a research report on Friday, June 6th. They set a “sector outperform” rating on the stock. Barclays reissued an “underweight” rating and issued a $198.00 price target (up from $188.00) on shares of Allstate in a report on Thursday, July 31st. Citigroup raised Allstate to a “hold” rating in a report on Wednesday, August 13th. Wolfe Research raised Allstate to a “strong-buy” rating in a report on Tuesday, September 16th. Finally, Roth Capital set a $230.00 price target on Allstate and gave the stock a “buy” rating in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $231.38.

Allstate Company 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.