The Allstate Corporation $ALL Stock: Lido Advisors LLC Increases Position

Lido Advisors LLC raised its holdings in shares of The Allstate Corporation (NYSE:ALL) by 5.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,553 shares of the insurance provider’s stock after purchasing an additional 2,141 shares during the period. Lido Advisors LLC’s holdings in Allstate were worth $8,554,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. D Orazio & Associates Inc. increased its stake in shares of Allstate by 20.6% during the third quarter. D Orazio & Associates Inc. now owns 1,410 shares of the insurance provider’s stock valued at $313,000 after buying an additional 241 shares during the period. 71 West Capital Partners raised its holdings in shares of Allstate by 8.0% during the third quarter. 71 West Capital Partners now owns 2,737 shares of the insurance provider’s stock valued at $607,000 after acquiring an additional 202 shares in the last quarter. Welch & Forbes LLC lifted its stake in Allstate by 17.1% in the third quarter. Welch & Forbes LLC now owns 7,779 shares of the insurance provider’s stock worth $1,726,000 after acquiring an additional 1,134 shares during the period. Gryphon Financial Partners LLC lifted its stake in Allstate by 2.7% in the third quarter. Gryphon Financial Partners LLC now owns 9,507 shares of the insurance provider’s stock worth $2,109,000 after acquiring an additional 248 shares during the period. Finally, AlphaCore Capital LLC lifted its stake in Allstate by 87.7% in the third quarter. AlphaCore Capital LLC now owns 14,870 shares of the insurance provider’s stock worth $3,314,000 after acquiring an additional 6,946 shares during the period. Institutional investors own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

ALL has been the topic of a number of research analyst reports. Citigroup boosted their price objective on shares of Allstate from $215.00 to $225.00 and gave the company a “sell” rating in a research report on Friday, November 6th. The Goldman Sachs Group dropped their target price on shares of Allstate from $280.00 to $250.00 and set a “neutral” rating for the company in a research report on Thursday, October 1st. Piper Sandler dropped their target price on shares of Allstate from $300.00 to $294.00 and set an “overweight” rating for the company in a research report on Monday. Keefe, Bruyette & Woods lifted their target price on shares of Allstate from $232.00 to $241.00 and gave the company an “underperform” rating in a research note on Tuesday. Finally, Roth Capital set a $300.00 price target on shares of Allstate in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $273.48.

Allstate Trading Up 1.7%

ALL opened at $266.68 on Friday. The stock has a market cap of $65.99 billion, a PE ratio of 6.00, a PEG ratio of 0.56 and a beta of 0.13. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average of $246.06 and a 200-day moving average of $231.16. The Allstate Corporation has a 52 week low of $191.13 and a 52 week high of $281.11.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, November 4th. The insurance provider reported $9.76 earnings per share for the quarter, beating the consensus estimate of $6.89 by $2.87. The company had revenue of $17.35 billion for the quarter, compared to analyst estimates of $15.87 billion. Allstate had a return on equity of 38.37% and a net margin of 16.57%. The firm’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $11.17 earnings per share. Equities research analysts predict that The Allstate Corporation will post 37.33 earnings per share for the current fiscal year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Monday, November 30th will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $4.32 annualized dividend and a yield of 1.6%. Allstate’s dividend payout ratio (DPR) is currently 9.78%.

Allstate Company Profile

Allstate Corporation is a U.S.-based insurance company that provides property and casualty coverage and related protection products. Its offerings include auto, homeowners, renters, condominium, motorcycle and recreational vehicle insurance, as well as life insurance and roadside assistance. The company sells products through its Allstate-branded business and other businesses, including National General, using agents and direct-to-consumer channels. Allstate primarily serves customers in the United States.