Leelyn Smith LLC Boosts Stake in The Allstate Corporation $ALL

Leelyn Smith LLC raised its stake in shares of The Allstate Corporation (NYSE:ALL) by 180.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,352 shares of the insurance provider’s stock after purchasing an additional 5,377 shares during the period. Leelyn Smith LLC’s holdings in Allstate were worth $1,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its position in Allstate by 79.7% during the third quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares during the period. Barnes Dennig Private Wealth Management LLC raised its position in Allstate by 112.3% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 73 shares during the period. Dorato Capital Management purchased a new stake in Allstate during the fourth quarter valued at approximately $27,000. Palisade Asset Management LLC purchased a new stake in Allstate during the third quarter valued at approximately $31,000. Finally, Princeton Global Asset Management LLC raised its position in Allstate by 101.3% during the fourth quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 76 shares during the period. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on ALL. Zacks Research downgraded Allstate from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Wells Fargo & Company upped their price objective on Allstate from $227.00 to $229.00 and gave the company an “equal weight” rating in a research report on Thursday, April 9th. TD Cowen downgraded Allstate from a “buy” rating to a “hold” rating in a research report on Monday, January 12th. Citigroup upped their price objective on Allstate from $216.00 to $221.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Finally, Evercore set a $225.00 price objective on Allstate in a research report on Wednesday, January 7th. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.65.

Allstate Trading Up 0.6%

ALL opened at $216.50 on Wednesday. The stock has a market cap of $55.91 billion, a price-to-earnings ratio of 5.67, a P/E/G ratio of 0.44 and a beta of 0.22. The stock’s 50 day moving average price is $209.28 and its 200-day moving average price is $205.56. The Allstate Corporation has a one year low of $188.08 and a one year high of $219.48. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.37 and a current ratio of 0.37.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, February 4th. The insurance provider reported $14.31 EPS for the quarter, beating analysts’ consensus estimates of $8.72 by $5.59. The firm had revenue of $17.35 billion for the quarter, compared to analysts’ expectations of $17.23 billion. Allstate had a return on equity of 39.20% and a net margin of 15.19%.The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.67 earnings per share. On average, equities analysts forecast that The Allstate Corporation will post 26.03 EPS for the current year.

Allstate Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd were paid a dividend of $1.08 per share. This is a positive change from Allstate’s previous quarterly dividend of $1.00. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, March 2nd. Allstate’s payout ratio is currently 11.31%.

Allstate Company Profile

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.