The Allstate Co. (NYSE:ALL) Shares Bought by Leeward Investments LLC MA

Leeward Investments LLC MA grew its holdings in The Allstate Co. (NYSE:ALL) by 4.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 153,860 shares of the insurance provider’s stock after acquiring an additional 5,909 shares during the period. Allstate comprises 1.2% of Leeward Investments LLC MA’s holdings, making the stock its 15th biggest position. Leeward Investments LLC MA’s holdings in Allstate were worth $26,619,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Private Wealth Management Group LLC acquired a new stake in Allstate during the fourth quarter valued at $25,000. Rise Advisors LLC acquired a new stake in shares of Allstate in the first quarter worth approximately $26,000. Northwest Investment Counselors LLC purchased a new stake in shares of Allstate during the first quarter worth approximately $26,000. Turtle Creek Wealth Advisors LLC acquired a new position in Allstate in the 4th quarter valued at $36,000. Finally, Venturi Wealth Management LLC lifted its holdings in Allstate by 152.7% in the 4th quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 168 shares in the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ALL shares. JPMorgan Chase & Co. upped their target price on shares of Allstate from $185.00 to $193.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Roth Mkm lifted their price target on Allstate from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, April 8th. StockNews.com cut shares of Allstate from a “strong-buy” rating to a “buy” rating in a research report on Monday, June 3rd. The Goldman Sachs Group raised their price objective on shares of Allstate from $164.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Finally, Evercore ISI boosted their target price on shares of Allstate from $166.00 to $173.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $174.88.

Allstate Trading Down 0.5 %

Shares of ALL stock traded down $0.74 on Thursday, hitting $159.44. The stock had a trading volume of 701,232 shares, compared to its average volume of 1,408,049. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market capitalization of $42.08 billion, a P/E ratio of 35.20, a P/E/G ratio of 1.88 and a beta of 0.48. The company’s 50 day moving average price is $165.01 and its 200-day moving average price is $160.47. The Allstate Co. has a 1 year low of $100.57 and a 1 year high of $177.37.

Allstate (NYSE:ALL) last released its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, topping the consensus estimate of $4.11 by $1.02. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The firm had revenue of $15.26 billion during the quarter, compared to analysts’ expectations of $12.76 billion. During the same period in the previous year, the firm posted ($1.30) EPS. Allstate’s revenue for the quarter was up 10.7% on a year-over-year basis. Analysts anticipate that The Allstate Co. will post 12.15 earnings per share for the current year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, May 31st were paid a dividend of $0.92 per share. The ex-dividend date was Friday, May 31st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.31%. Allstate’s payout ratio is currently 81.24%.

Allstate 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.