The Allstate Co. (NYSE:ALL) Holdings Lifted by Everpar Advisors LLC

Everpar Advisors LLC boosted its position in shares of The Allstate Co. (NYSE:ALL) by 3.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,498 shares of the insurance provider’s stock after buying an additional 83 shares during the quarter. Everpar Advisors LLC’s holdings in Allstate were worth $517,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ALL. VSM Wealth Advisory LLC bought a new position in Allstate during the fourth quarter valued at about $25,000. Twin Tree Management LP acquired a new position in shares of Allstate in the 4th quarter valued at $27,000. Vision Financial Markets LLC acquired a new position in shares of Allstate in the 4th quarter valued at $29,000. Hopwood Financial Services Inc. acquired a new position in shares of Allstate in the 4th quarter valued at $29,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Allstate in the 4th quarter valued at $29,000. Institutional investors own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ALL. JPMorgan Chase & Co. increased their price target on Allstate from $217.00 to $222.00 and gave the company an “overweight” rating in a research report on Tuesday, April 8th. Wall Street Zen upgraded Allstate from a “hold” rating to a “buy” rating in a research report on Thursday, May 1st. Argus upgraded Allstate from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. Morgan Stanley increased their price target on Allstate from $225.00 to $235.00 and gave the company an “overweight” rating in a research report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods increased their price target on Allstate from $228.00 to $235.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $225.20.

Allstate Trading Down 0.9%

NYSE:ALL opened at $198.61 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.36 and a quick ratio of 0.40. The Allstate Co. has a fifty-two week low of $156.66 and a fifty-two week high of $213.18. The stock’s 50-day moving average is $200.21 and its two-hundred day moving average is $197.01. The stock has a market cap of $52.60 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 1.01 and a beta of 0.35.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.98 by ($0.45). The firm had revenue of $14.30 billion for the quarter, compared to analyst estimates of $16.41 billion. Allstate had a net margin of 7.28% and a return on equity of 28.20%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.13 earnings per share. As a group, equities research analysts forecast that The Allstate Co. will post 18.74 earnings per share for the current fiscal year.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 9th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $4.00 annualized dividend and a dividend yield of 2.01%. Allstate’s dividend payout ratio is 27.32%.

Allstate announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 26th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the insurance provider to repurchase up to 3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Allstate Company 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.