Commerzbank Aktiengesellschaft FI Has $1.63 Million Position in The Allstate Corporation $ALL

Commerzbank Aktiengesellschaft FI raised its position in The Allstate Corporation (NYSE:ALL) by 8.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,116 shares of the insurance provider’s stock after acquiring an additional 606 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Allstate were worth $1,634,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group lifted its stake in Allstate by 3.2% in the first quarter. Rehmann Capital Advisory Group now owns 1,630 shares of the insurance provider’s stock valued at $338,000 after acquiring an additional 51 shares during the last quarter. Vantage Point Financial LLC lifted its stake in shares of Allstate by 3.6% during the 1st quarter. Vantage Point Financial LLC now owns 1,495 shares of the insurance provider’s stock worth $310,000 after buying an additional 52 shares during the last quarter. Confluence Wealth Services Inc. lifted its stake in shares of Allstate by 0.7% during the 1st quarter. Confluence Wealth Services Inc. now owns 8,000 shares of the insurance provider’s stock worth $1,558,000 after buying an additional 54 shares during the last quarter. Linscomb Wealth Inc. lifted its stake in shares of Allstate by 1.3% during the 1st quarter. Linscomb Wealth Inc. now owns 4,079 shares of the insurance provider’s stock worth $845,000 after buying an additional 54 shares during the last quarter. Finally, Ancora Advisors LLC lifted its stake in shares of Allstate by 0.7% during the 1st quarter. Ancora Advisors LLC now owns 8,402 shares of the insurance provider’s stock worth $1,740,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Evercore ISI set a $233.00 target price on shares of Allstate and gave the stock an “in-line” rating in a research note on Wednesday, October 1st. Jefferies Financial Group raised their target price on shares of Allstate from $254.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Morgan Stanley raised their target price on shares of Allstate from $235.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Roth Capital set a $230.00 target price on shares of Allstate and gave the stock a “buy” rating in a research note on Friday, September 26th. Finally, Wells Fargo & Company set a $202.00 target price on shares of Allstate and gave the stock an “equal weight” rating in a research note on Tuesday, August 5th. 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $234.50.

Allstate Price Performance

Shares of Allstate stock opened at $205.59 on Friday. The Allstate Corporation has a twelve month low of $176.00 and a twelve month high of $215.70. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.37. The company has a 50-day simple moving average of $206.06 and a two-hundred day simple moving average of $201.13. The stock has a market capitalization of $54.18 billion, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of 0.80 and a beta of 0.38.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share 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 business had revenue of $15.05 billion during the quarter, compared to analysts’ expectations of $16.59 billion. During the same quarter in the previous year, the company earned $1.61 EPS. The business’s revenue was up 5.8% on a year-over-year basis. Analysts forecast that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders 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 dividend yield of 1.9%. Allstate’s payout ratio is presently 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.