First Command Financial Services Inc. bought a new stake in Allstate Corp (NYSE:ALL) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,996 shares of the insurance provider’s stock, valued at approximately $282,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Macquarie Group Ltd. boosted its position in Allstate by 6.3% in the fourth quarter. Macquarie Group Ltd. now owns 7,852,608 shares of the insurance provider’s stock valued at $648,861,000 after buying an additional 468,725 shares during the last quarter. Northern Trust Corp boosted its position in Allstate by 2.1% in the fourth quarter. Northern Trust Corp now owns 6,681,038 shares of the insurance provider’s stock valued at $552,054,000 after buying an additional 135,679 shares during the last quarter. LSV Asset Management boosted its position in Allstate by 2.4% in the fourth quarter. LSV Asset Management now owns 5,650,351 shares of the insurance provider’s stock valued at $466,888,000 after buying an additional 130,257 shares during the last quarter. Geode Capital Management LLC boosted its position in Allstate by 9.0% in the fourth quarter. Geode Capital Management LLC now owns 4,733,322 shares of the insurance provider’s stock valued at $390,468,000 after buying an additional 391,869 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in Allstate by 8,063.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,165,142 shares of the insurance provider’s stock valued at $38,000 after buying an additional 3,126,372 shares during the last quarter. Institutional investors own 79.41% of the company’s stock.

ALL stock traded down $0.61 during mid-day trading on Monday, reaching $96.40. The company had a trading volume of 930,029 shares, compared to its average volume of 2,177,009. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market capitalization of $32.30 billion, a P/E ratio of 11.95, a P/E/G ratio of 1.24 and a beta of 0.82. Allstate Corp has a fifty-two week low of $77.00 and a fifty-two week high of $102.73.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Tuesday, February 5th. The insurance provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.23. The company had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.66 billion. Allstate had a return on equity of 14.00% and a net margin of 5.66%. Allstate’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.09 EPS. On average, analysts expect that Allstate Corp will post 9.26 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Thursday, February 28th were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, February 27th. This represents a $2.00 dividend on an annualized basis and a yield of 2.07%. This is a positive change from Allstate’s previous quarterly dividend of $0.46. Allstate’s dividend payout ratio (DPR) is currently 24.78%.

A number of research analysts have issued reports on the company. Credit Suisse Group downgraded Allstate from an “outperform” rating to a “neutral” rating and set a $93.00 price target for the company. in a report on Monday, April 8th. Zacks Investment Research cut Allstate from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. Wells Fargo & Co reiterated a “hold” rating and set a $94.00 price target on shares of Allstate in a report on Tuesday, March 12th. William Blair raised Allstate from an “underperform” rating to a “market perform” rating in a research note on Wednesday, February 6th. Finally, ValuEngine raised Allstate from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $101.50.

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Allstate Profile

The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home insurance; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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