Azimuth Capital Management LLC Has $1,096,000 Stake in Allstate Corporation (The) (ALL)

Azimuth Capital Management LLC continued to hold its stake in Allstate Corporation (The) (NYSE:ALL) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,450 shares of the insurance provider’s stock at the end of the first quarter. Azimuth Capital Management LLC’s holdings in Allstate Corporation (The) were worth $1,096,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ALL. Bronfman E.L. Rothschild L.P. boosted its stake in Allstate Corporation (The) by 8.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,550 shares of the insurance provider’s stock worth $126,000 after buying an additional 122 shares during the period. Oakworth Capital Inc. boosted its stake in Allstate Corporation (The) by 505.8% in the first quarter. Oakworth Capital Inc. now owns 1,775 shares of the insurance provider’s stock worth $145,000 after buying an additional 1,482 shares during the period. Howard Hughes Medical Institute acquired a new stake in Allstate Corporation (The) during the first quarter worth about $160,000. Lafayette Investments Inc. acquired a new stake in Allstate Corporation (The) during the first quarter worth about $200,000. Finally, Prospera Financial Services Inc acquired a new stake in Allstate Corporation (The) during the first quarter worth about $201,000. Hedge funds and other institutional investors own 76.24% of the company’s stock.

Shares of Allstate Corporation (ALL) traded down 0.07% during trading on Friday, reaching $89.16. 1,897,566 shares of the company were exchanged. The stock has a market capitalization of $32.50 billion, a price-to-earnings ratio of 15.12 and a beta of 1.10. The company has a 50 day moving average price of $88.29 and a 200-day moving average price of $82.41. Allstate Corporation has a one year low of $66.55 and a one year high of $90.74.

Allstate Corporation (The) (NYSE:ALL) last announced its quarterly earnings results on Wednesday, May 3rd. The insurance provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.60. Allstate Corporation (The) had a return on equity of 11.45% and a net margin of 6.27%. The business had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $8.36 billion. Equities analysts predict that Allstate Corporation will post $6.00 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Tuesday, August 29th. Allstate Corporation (The)’s dividend payout ratio is 25.00%.

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A number of analysts have issued reports on the stock. Macquarie cut shares of Allstate Corporation (The) from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $78.00 to $81.00 in a research note on Tuesday, April 18th. They noted that the move was a valuation call. Morgan Stanley reiterated an “equal weight” rating and issued a $91.00 target price (up from $85.00) on shares of Allstate Corporation (The) in a research note on Thursday, July 6th. MKM Partners reiterated a “buy” rating and issued a $100.00 target price (up from $90.00) on shares of Allstate Corporation (The) in a research note on Thursday, May 4th. FBR & Co lifted their target price on shares of Allstate Corporation (The) from $70.00 to $82.00 and gave the company a “mkt perform” rating in a research note on Monday, April 3rd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $88.00 price objective on shares of Allstate Corporation (The) in a research note on Friday, June 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. Allstate Corporation (The) has a consensus rating of “Buy” and a consensus price target of $87.67.

In other Allstate Corporation (The) news, insider Harriet K. Harty sold 7,228 shares of the firm’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $88.35, for a total transaction of $638,593.80. Following the completion of the sale, the insider now owns 18,260 shares of the company’s stock, valued at approximately $1,613,271. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Samuel H. Pilch sold 8,582 shares of Allstate Corporation (The) stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $83.88, for a total value of $719,858.16. Following the sale, the vice president now directly owns 35,875 shares of the company’s stock, valued at approximately $3,009,195. The disclosure for this sale can be found here. Insiders have sold a total of 179,259 shares of company stock valued at $15,695,746 in the last ninety days. Insiders own 1.58% of the company’s stock.

About Allstate Corporation (The)

The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. It is engaged in the property-liability insurance business and the life insurance, retirement and investment products business.

Institutional Ownership by Quarter for Allstate Corporation (The) (NYSE:ALL)

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