Pflug Koory LLC lessened its stake in shares of Allstate Corp (NYSE:ALL) by 1.8% during the 1st quarter, HoldingsChannel reports. The fund owned 10,640 shares of the insurance provider’s stock after selling 200 shares during the period. Pflug Koory LLC’s holdings in Allstate were worth $1,002,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Legacy Private Trust Co. raised its stake in Allstate by 2.9% in the first quarter. Legacy Private Trust Co. now owns 57,530 shares of the insurance provider’s stock valued at $5,418,000 after buying an additional 1,612 shares during the period. NuWave Investment Management LLC raised its stake in Allstate by 481.1% in the first quarter. NuWave Investment Management LLC now owns 2,708 shares of the insurance provider’s stock valued at $255,000 after buying an additional 2,242 shares during the period. Chartwell Investment Partners LLC raised its stake in Allstate by 329.1% in the first quarter. Chartwell Investment Partners LLC now owns 185,374 shares of the insurance provider’s stock valued at $17,459,000 after buying an additional 142,177 shares during the period. DNB Asset Management AS raised its stake in Allstate by 16.9% in the first quarter. DNB Asset Management AS now owns 100,764 shares of the insurance provider’s stock valued at $9,490,000 after buying an additional 14,540 shares during the period. Finally, Pacer Advisors Inc. bought a new stake in Allstate in the first quarter valued at approximately $2,698,000. Institutional investors and hedge funds own 79.41% of the company’s stock.

Shares of Allstate stock traded up $0.81 on Thursday, hitting $95.81. The stock had a trading volume of 1,003,284 shares, compared to its average volume of 2,205,695. Allstate Corp has a twelve month low of $77.00 and a twelve month high of $102.73. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $31.41 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 1.22 and a beta of 0.82.

Allstate (NYSE:ALL) last posted its earnings results on Tuesday, February 5th. The insurance provider reported $1.24 EPS for the quarter, beating the consensus estimate of $1.01 by $0.23. Allstate had a return on equity of 14.00% and a net margin of 5.66%. The company had revenue of $8.71 billion for the quarter, compared to the consensus estimate of $8.66 billion. During the same quarter in the prior year, the business earned $2.09 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, equities research analysts predict that Allstate Corp will post 9.26 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Thursday, February 28th were given a $0.50 dividend. This is an increase from Allstate’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Wednesday, February 27th. This represents a $2.00 annualized dividend and a dividend yield of 2.09%. Allstate’s dividend payout ratio is presently 24.78%.

ALL has been the topic of several research analyst reports. Wells Fargo & Co restated a “hold” rating and issued a $94.00 price objective on shares of Allstate in a research note on Tuesday, March 12th. Zacks Investment Research lowered Allstate from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 18th. William Blair upgraded Allstate from an “underperform” rating to a “market perform” rating in a research note on Wednesday, February 6th. ValuEngine upgraded Allstate from a “sell” rating to a “hold” rating in a research note on Tuesday, December 18th. Finally, Compass Point initiated coverage on Allstate in a research note on Tuesday, January 15th. They issued a “buy” rating and a $114.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average 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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