Lucia Wealth Services LLC Boosts Position in Allstate (ALL)

Lucia Wealth Services LLC increased its stake in Allstate (NYSE:ALL) by 84.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,041 shares of the insurance provider’s stock after purchasing an additional 5,048 shares during the quarter. Lucia Wealth Services LLC’s holdings in Allstate were worth $1,047,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Rational Advisors LLC purchased a new position in Allstate in the 4th quarter valued at approximately $126,000. Taylor Hoffman Wealth Management purchased a new position in Allstate in the 4th quarter valued at approximately $131,000. Resources Investment Advisors Inc. grew its stake in Allstate by 71.1% in the 4th quarter. Resources Investment Advisors Inc. now owns 1,340 shares of the insurance provider’s stock valued at $140,000 after buying an additional 557 shares in the last quarter. Prentiss Smith & Co. Inc. purchased a new position in Allstate in the 4th quarter valued at approximately $143,000. Finally, Truewealth LLC purchased a new position in Allstate in the 4th quarter valued at approximately $159,000. 77.10% of the stock is currently owned by institutional investors.

Shares of Allstate opened at $95.52 on Friday, MarketBeat.com reports. Allstate has a 52-week low of $85.57 and a 52-week high of $105.36. The firm has a market capitalization of $33.60 billion, a P/E ratio of 14.24, a P/E/G ratio of 1.29 and a beta of 0.94. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.33.



Allstate (NYSE:ALL) last announced its earnings results on Tuesday, May 1st. The insurance provider reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.35. Allstate had a net margin of 8.93% and a return on equity of 14.56%. The company had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.04 billion. During the same period in the previous year, the business earned $1.64 earnings per share. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. sell-side analysts predict that Allstate will post 8.86 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Thursday, May 31st will be given a $0.46 dividend. The ex-dividend date is Wednesday, May 30th. This represents a $1.84 annualized dividend and a yield of 1.93%. Allstate’s dividend payout ratio (DPR) is presently 27.42%.

A number of research analysts recently weighed in on ALL shares. ValuEngine upgraded shares of Allstate from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Wells Fargo & Co set a $100.00 price objective on shares of Allstate and gave the company a “hold” rating in a research note on Thursday, February 8th. Bank of America reduced their price objective on shares of Allstate from $116.00 to $111.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Deutsche Bank reduced their price objective on shares of Allstate from $102.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, February 9th. Finally, Citigroup reduced their price objective on shares of Allstate from $118.00 to $111.00 and set a “buy” rating for the company in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $101.46.

Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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