Simon Quick Advisors LLC Has $505,000 Stock Holdings in The Allstate Co. (NYSE:ALL)

Simon Quick Advisors LLC decreased its position in shares of The Allstate Co. (NYSE:ALL) by 23.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,437 shares of the insurance provider’s stock after selling 754 shares during the period. Simon Quick Advisors LLC’s holdings in Allstate were worth $505,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in ALL. VSM Wealth Advisory LLC acquired a new stake in shares of Allstate during the 4th quarter worth approximately $25,000. Twin Tree Management LP acquired a new stake in Allstate in the fourth quarter valued at approximately $27,000. Vision Financial Markets LLC acquired a new stake in Allstate in the fourth quarter valued at approximately $29,000. Hopwood Financial Services Inc. acquired a new stake in Allstate in the fourth quarter valued at approximately $29,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Allstate in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Performance

Shares of ALL stock opened at $198.61 on Friday. The firm has a market cap of $52.60 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 1.01 and a beta of 0.35. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.40 and a current ratio of 0.36. The Allstate Co. has a 52 week low of $156.66 and a 52 week high of $213.18. The firm’s 50-day simple moving average is $200.21 and its two-hundred day simple moving average is $197.01.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.98 by ($0.45). Allstate had a net margin of 7.28% and a return on equity of 28.20%. The business had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $16.41 billion. During the same period last year, the firm earned $5.13 EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities analysts forecast that The Allstate Co. will post 18.74 earnings per share for the current year.

Allstate announced that its board has initiated a stock repurchase plan on Wednesday, February 26th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the insurance provider to buy up to 3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 9th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Monday, June 9th. Allstate’s dividend payout ratio (DPR) is currently 27.32%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ALL shares. Wells Fargo & Company dropped their price target on shares of Allstate from $200.00 to $197.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 6th. Keefe, Bruyette & Woods lifted their target price on shares of Allstate from $228.00 to $235.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Raymond James reissued a “strong-buy” rating and set a $250.00 target price (up previously from $240.00) on shares of Allstate in a research note on Monday, May 5th. BMO Capital Markets reissued an “outperform” rating on shares of Allstate in a research note on Friday, May 16th. Finally, Evercore ISI lifted their target price on shares of Allstate from $227.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $225.20.

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.