The Allstate Corporation $ALL Shares Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC grew its stake in shares of The Allstate Corporation (NYSE:ALL) by 3.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 53,802 shares of the insurance provider’s stock after acquiring an additional 1,959 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Allstate were worth $10,831,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ALL. Price T Rowe Associates Inc. MD lifted its stake in Allstate by 25.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,709,610 shares of the insurance provider’s stock valued at $2,424,710,000 after buying an additional 2,374,684 shares in the last quarter. Boston Partners lifted its position in shares of Allstate by 613.9% in the 1st quarter. Boston Partners now owns 2,482,654 shares of the insurance provider’s stock valued at $512,627,000 after acquiring an additional 2,134,893 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Allstate by 27.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,328,070 shares of the insurance provider’s stock worth $482,073,000 after purchasing an additional 497,982 shares during the period. Strs Ohio purchased a new position in Allstate during the 1st quarter worth approximately $84,408,000. Finally, AQR Capital Management LLC raised its stake in Allstate by 20.3% during the 1st quarter. AQR Capital Management LLC now owns 2,018,403 shares of the insurance provider’s stock valued at $417,244,000 after purchasing an additional 340,150 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ALL shares. Evercore ISI set a $233.00 price target on Allstate and gave the company an “in-line” rating in a report on Wednesday. Keefe, Bruyette & Woods lifted their target price on Allstate from $237.00 to $246.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Cantor Fitzgerald raised shares of Allstate to a “hold” rating in a research report on Wednesday, August 13th. Roth Capital set a $230.00 price target on shares of Allstate and gave the stock a “buy” rating in a report on Friday, September 26th. Finally, Jefferies Financial Group upped their price objective on shares of Allstate from $254.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $231.56.

Allstate Trading Up 0.4%

NYSE:ALL opened at $210.92 on Monday. The company has a market capitalization of $55.58 billion, a P/E ratio of 9.92, a P/E/G ratio of 0.83 and a beta of 0.38. The stock’s 50 day moving average price is $204.72 and its 200 day moving average price is $200.97. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43. The Allstate Corporation has a 52 week low of $176.00 and a 52 week high of $215.70.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, July 30th. The insurance provider reported $5.94 EPS for the quarter, topping the consensus estimate of $3.20 by $2.74. The company had revenue of $15.05 billion during the quarter, compared to the consensus estimate of $16.59 billion. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.61 earnings per share. On average, research analysts forecast that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, August 29th. Allstate’s dividend payout ratio (DPR) is 18.81%.

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.