Comprehensive Financial Consultants Institutional Inc. Sells 1,690 Shares of The Allstate Corporation $ALL

Comprehensive Financial Consultants Institutional Inc. lessened its stake in The Allstate Corporation (NYSE:ALL) by 12.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,066 shares of the insurance provider’s stock after selling 1,690 shares during the quarter. Comprehensive Financial Consultants Institutional Inc.’s holdings in Allstate were worth $2,429,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Belpointe Asset Management LLC raised its holdings in shares of Allstate by 8.5% in the 2nd quarter. Belpointe Asset Management LLC now owns 2,550 shares of the insurance provider’s stock worth $513,000 after purchasing an additional 199 shares during the period. Headland Capital LLC raised its holdings in Allstate by 57.6% during the 2nd quarter. Headland Capital LLC now owns 1,805 shares of the insurance provider’s stock valued at $363,000 after acquiring an additional 660 shares during the period. Valeo Financial Advisors LLC raised its holdings in Allstate by 4.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 4,272 shares of the insurance provider’s stock valued at $860,000 after acquiring an additional 180 shares during the period. Knights of Columbus Asset Advisors LLC raised its holdings in Allstate by 3.8% during the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 53,802 shares of the insurance provider’s stock valued at $10,831,000 after acquiring an additional 1,959 shares during the period. Finally, Berger Financial Group Inc raised its holdings in Allstate by 0.5% during the 2nd quarter. Berger Financial Group Inc now owns 31,862 shares of the insurance provider’s stock valued at $6,414,000 after acquiring an additional 167 shares during the period. Institutional investors own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ALL shares. Evercore ISI set a $233.00 target price on shares of Allstate and gave the company an “in-line” rating in a report on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of Allstate in a report on Saturday, September 27th. BMO Capital Markets boosted their target price on shares of Allstate from $230.00 to $235.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Barclays reissued an “underweight” rating and set a $198.00 target price (up previously from $188.00) on shares of Allstate in a report on Thursday, July 31st. Finally, Wolfe Research raised shares of Allstate to a “strong-buy” rating in a report on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Allstate presently has an average rating of “Moderate Buy” and a consensus price target of $231.56.

Allstate Stock Up 0.4%

Shares of NYSE:ALL opened at $210.92 on Monday. The Allstate Corporation has a 52-week low of $176.00 and a 52-week high of $215.70. The firm has a fifty day moving average of $204.72 and a 200 day moving average of $200.97. The firm has a market capitalization of $55.58 billion, a PE ratio of 9.92, a price-to-earnings-growth ratio of 0.83 and a beta of 0.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.20 by $2.74. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The company had revenue of $15.05 billion during the quarter, compared to analyst estimates of $16.59 billion. During the same period in the previous year, the business earned $1.61 earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, research analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, August 29th were given a $1.00 dividend. The ex-dividend date was Friday, August 29th. This represents a $4.00 annualized dividend and a yield of 1.9%. Allstate’s payout ratio is 18.81%.

Allstate Company 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.