The Allstate Corporation $ALL Shares Sold by Rainier Family Wealth Inc.

Rainier Family Wealth Inc. decreased its stake in shares of The Allstate Corporation (NYSE:ALL) by 24.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,374 shares of the insurance provider’s stock after selling 444 shares during the period. Rainier Family Wealth Inc.’s holdings in Allstate were worth $285,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ALL. Hughes Financial Services LLC acquired a new position in Allstate during the first quarter worth approximately $28,000. Meeder Asset Management Inc. lifted its position in shares of Allstate by 113.8% during the first quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 99 shares in the last quarter. McClarren Financial Advisors Inc. purchased a new position in shares of Allstate in the first quarter valued at $43,000. Mattson Financial Services LLC acquired a new stake in Allstate during the 4th quarter valued at $44,000. Finally, 1 North Wealth Services LLC acquired a new position in Allstate in the 1st quarter worth $51,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on ALL shares. BMO Capital Markets raised their target price on Allstate from $230.00 to $235.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Citigroup raised Allstate to a “hold” rating in a report on Wednesday, August 13th. Raymond James Financial restated a “strong-buy” rating and set a $260.00 price objective (up from $250.00) on shares of Allstate in a report on Monday, August 4th. Wall Street Zen upgraded Allstate from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. Finally, Wells Fargo & Company set a $202.00 price target on shares of Allstate and gave the stock an “equal weight” rating in a research report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $231.21.

Allstate Stock Performance

Shares of ALL opened at $202.51 on Friday. The stock has a market capitalization of $53.36 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 0.80 and a beta of 0.37. The business’s fifty day moving average price is $200.92 and its 200 day moving average price is $200.30. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43. The Allstate Corporation has a 12-month low of $176.00 and a 12-month high of $214.76.

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

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, August 29th. Allstate’s dividend payout ratio is 18.81%.

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.