The Allstate Corporation (NYSE:ALL) Shares Bought by HM Payson & Co.

HM Payson & Co. increased its stake in The Allstate Corporation (NYSE:ALL) by 7.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,846 shares of the insurance provider’s stock after purchasing an additional 619 shares during the period. HM Payson & Co.’s holdings in Allstate were worth $1,832,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Vantage Point Financial LLC lifted its stake in Allstate by 3.6% during the 1st quarter. Vantage Point Financial LLC now owns 1,495 shares of the insurance provider’s stock valued at $310,000 after acquiring an additional 52 shares during the period. Confluence Wealth Services Inc. lifted its stake in Allstate by 0.7% during the 1st quarter. Confluence Wealth Services Inc. now owns 8,000 shares of the insurance provider’s stock valued at $1,558,000 after acquiring an additional 54 shares during the period. Achmea Investment Management B.V. lifted its stake in Allstate by 0.3% during the 1st quarter. Achmea Investment Management B.V. now owns 20,586 shares of the insurance provider’s stock valued at $4,262,000 after acquiring an additional 57 shares during the period. Avidian Wealth Enterprises LLC lifted its stake in Allstate by 1.7% during the 1st quarter. Avidian Wealth Enterprises LLC now owns 3,552 shares of the insurance provider’s stock valued at $735,000 after acquiring an additional 59 shares during the period. Finally, Private Trust Co. NA lifted its stake in Allstate by 1.0% during the 1st quarter. Private Trust Co. NA now owns 5,995 shares of the insurance provider’s stock valued at $1,241,000 after acquiring an additional 60 shares during the period. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. Barclays decreased their price objective on shares of Allstate from $183.00 to $172.00 and set an “underweight” rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. boosted their target price on shares of Allstate from $217.00 to $222.00 and gave the company an “overweight” rating in a research note on Tuesday, April 8th. William Blair initiated coverage on shares of Allstate in a research note on Friday, June 6th. They issued a “sector outperform” rating for the company. Wells Fargo & Company decreased their target price 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. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Allstate in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $225.20.

Allstate Price Performance

Shares of NYSE ALL opened at $196.72 on Friday. The firm has a market cap of $52.09 billion, a PE ratio of 13.44, a PEG ratio of 1.03 and a beta of 0.33. The firm has a fifty day moving average of $201.37 and a 200 day moving average of $196.65. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.40 and a current ratio of 0.40. The Allstate Corporation has a one year low of $158.04 and a one year high of $213.18.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.53 EPS for the quarter, missing the consensus estimate of $3.98 by ($0.45). The company had revenue of $14.30 billion during the quarter, compared to analysts’ expectations of $16.41 billion. Allstate had a return on equity of 24.62% and a net margin of 6.19%. Allstate’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.13 EPS. As a group, research analysts predict that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 9th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Monday, June 9th. Allstate’s payout ratio is 27.32%.

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.