Estate Counselors LLC Acquires Shares of 8,477 The Allstate Corporation $ALL

Estate Counselors LLC bought a new position in The Allstate Corporation (NYSE:ALL) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,477 shares of the insurance provider’s stock, valued at approximately $1,758,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Coldstream Capital Management Inc. boosted its stake in Allstate by 0.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 7,809 shares of the insurance provider’s stock worth $1,625,000 after purchasing an additional 50 shares in the last quarter. Compound Planning Inc. increased its stake in Allstate by 1.6% during the 4th quarter. Compound Planning Inc. now owns 3,216 shares of the insurance provider’s stock valued at $669,000 after purchasing an additional 50 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in Allstate by 0.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 5,815 shares of the insurance provider’s stock valued at $1,210,000 after purchasing an additional 52 shares in the last quarter. Root Financial Partners LLC raised its holdings in Allstate by 4.7% in the first quarter. Root Financial Partners LLC now owns 1,170 shares of the insurance provider’s stock worth $243,000 after buying an additional 53 shares during the last quarter. Finally, Montag A & Associates Inc. raised its holdings in Allstate by 10.2% in the fourth quarter. Montag A & Associates Inc. now owns 596 shares of the insurance provider’s stock worth $125,000 after buying an additional 55 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors.

Allstate Stock Up 0.5%

Allstate stock opened at $261.37 on Tuesday. The Allstate Corporation has a one year low of $188.08 and a one year high of $262.24. The stock has a fifty day moving average of $231.96 and a 200 day moving average of $216.45. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market cap of $67.28 billion, a PE ratio of 5.77, a price-to-earnings-growth ratio of 0.45 and a beta of 0.16.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.31 by $3.34. The business had revenue of $16.94 billion for the quarter, compared to analysts’ expectations of $15.24 billion. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the firm posted $3.53 earnings per share. As a group, sell-side analysts predict that The Allstate Corporation will post 30.51 EPS for the current year.

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, August 31st will be issued a $1.08 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.7%. Allstate’s dividend payout ratio (DPR) is presently 9.53%.

Analysts Set New Price Targets

ALL has been the topic of a number of recent analyst reports. Raymond James Financial increased their price target on shares of Allstate from $260.00 to $300.00 and gave the company a “strong-buy” rating in a report on Monday, July 6th. JPMorgan Chase & Co. boosted their price objective on shares of Allstate from $263.00 to $282.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. HSBC cut Allstate from a “buy” rating to a “hold” rating and upped their price objective for the company from $244.00 to $264.00 in a research report on Monday, July 6th. Roth Capital reiterated a “buy” rating and set a $275.00 target price on shares of Allstate in a research note on Friday, July 17th. Finally, Evercore set a $240.00 target price on Allstate in a report on Friday, July 10th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $254.80.

Insider Buying and Selling

In other Allstate news, insider Mark Q. Prindiville sold 1,550 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $216.27, for a total value of $335,218.50. Following the transaction, the insider directly owned 27,558 shares in the company, valued at approximately $5,959,968.66. This trade represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrea Redmond sold 2,225 shares of Allstate stock in a transaction on Monday, June 1st. The stock was sold at an average price of $202.91, for a total transaction of $451,474.75. Following the transaction, the director owned 2,225 shares in the company, valued at $451,474.75. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 22,353 shares of company stock valued at $4,851,560. 1.55% of the stock is owned by insiders.

About Allstate

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.