Mainstay Capital Management LLC ADV Boosts Stake in Allstate Corp (ALL)

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Mainstay Capital Management LLC ADV increased its position in Allstate Corp (NYSE:ALL) by 9,026.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,226 shares of the insurance provider’s stock after purchasing an additional 33,851 shares during the quarter. Mainstay Capital Management LLC ADV’s holdings in Allstate were worth $375,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Private Capital Group LLC boosted its stake in Allstate by 195.5% during the 1st quarter. Private Capital Group LLC now owns 1,182 shares of the insurance provider’s stock valued at $112,000 after acquiring an additional 782 shares during the last quarter. Clearwater Capital Advisors LLC bought a new position in Allstate during the 1st quarter valued at $122,000. Kiley Juergens Wealth Management LLC bought a new position in Allstate during the 2nd quarter valued at $124,000. Summit Trail Advisors LLC boosted its stake in Allstate by 11,436.6% during the 1st quarter. Summit Trail Advisors LLC now owns 147,438 shares of the insurance provider’s stock valued at $147,000 after acquiring an additional 146,160 shares during the last quarter. Finally, Archford Capital Strategies LLC bought a new position in Allstate during the 1st quarter valued at $158,000. Institutional investors and hedge funds own 76.22% of the company’s stock.

A number of research analysts have commented on the stock. Zacks Investment Research downgraded shares of Allstate from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 13th. ValuEngine raised shares of Allstate from a “sell” rating to a “hold” rating in a report on Saturday, September 1st. Citigroup set a $115.00 target price on shares of Allstate and gave the stock a “buy” rating in a report on Friday. Credit Suisse Group dropped their target price on shares of Allstate from $114.00 to $112.00 and set a “buy” rating on the stock in a report on Tuesday, August 28th. Finally, Buckingham Research raised shares of Allstate from an “underperform” rating to a “neutral” rating and set a $88.00 target price on the stock in a report on Wednesday, July 18th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $104.62.

Shares of ALL stock traded down $0.01 during trading hours on Friday, reaching $93.16. The stock had a trading volume of 1,858,848 shares, compared to its average volume of 2,073,803. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.31. Allstate Corp has a twelve month low of $88.29 and a twelve month high of $105.36. The stock has a market cap of $34.17 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 1.27 and a beta of 0.92.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, August 1st. The insurance provider reported $1.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.45. Allstate had a net margin of 9.06% and a return on equity of 15.21%. The business had revenue of $8.46 billion for the quarter, compared to analysts’ expectations of $8.53 billion. During the same quarter last year, the company earned $1.38 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts forecast that Allstate Corp will post 9.31 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Friday, August 31st were issued a $0.46 dividend. The ex-dividend date was Thursday, August 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.98%. Allstate’s dividend payout ratio (DPR) is presently 27.42%.

In other Allstate news, insider Glenn T. Shapiro sold 21,728 shares of the firm’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $98.70, for a total transaction of $2,144,553.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Susan L. Lees sold 22,189 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $99.24, for a total transaction of $2,202,036.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,432 shares of company stock worth $5,386,208. Corporate insiders own 1.40% of the company’s stock.

Allstate Profile

The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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