Kays Financial Advisory Corp ADV raised its position in shares of Allstate Corp (NYSE:ALL) by 1.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,377 shares of the insurance provider’s stock after buying an additional 196 shares during the quarter. Kays Financial Advisory Corp ADV’s holdings in Allstate were worth $1,665,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in Allstate by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,646,227 shares of the insurance provider’s stock valued at $218,651,000 after acquiring an additional 50,073 shares during the period. Geode Capital Management LLC boosted its holdings in Allstate by 9.0% during the 4th quarter. Geode Capital Management LLC now owns 4,733,322 shares of the insurance provider’s stock valued at $390,468,000 after acquiring an additional 391,869 shares during the period. Gotham Asset Management LLC purchased a new position in Allstate during the 4th quarter valued at about $232,000. Cetera Advisors LLC purchased a new position in Allstate during the 4th quarter valued at about $202,000. Finally, Actinver Wealth Management Inc. purchased a new position in Allstate during the 4th quarter valued at about $260,000. Hedge funds and other institutional investors own 77.45% of the company’s stock.
ALL stock opened at $104.51 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.28 and a debt-to-equity ratio of 0.29. The firm has a market cap of $35.36 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 1.49 and a beta of 0.82. The firm has a 50-day moving average of $102.77. Allstate Corp has a 1 year low of $77.00 and a 1 year high of $109.13.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, August 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Thursday, August 29th. Allstate’s dividend payout ratio (DPR) is presently 24.78%.
In other news, Director Judith A. Sprieser sold 2,225 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $102.63, for a total transaction of $228,351.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Glenn T. Shapiro sold 22,289 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $102.22, for a total value of $2,278,381.58. Following the sale, the insider now directly owns 25,584 shares in the company, valued at approximately $2,615,196.48. The disclosure for this sale can be found here. Insiders have sold a total of 54,703 shares of company stock worth $5,593,860 in the last three months. Corporate insiders own 1.60% of the company’s stock.
ALL has been the subject of a number of research analyst reports. Goldman Sachs Group upgraded Allstate from a “neutral” rating to a “buy” rating and raised their target price for the company from $106.00 to $110.00 in a report on Wednesday, May 29th. Raymond James raised their target price on Allstate from $115.00 to $125.00 and gave the company a “strong-buy” rating in a report on Thursday. Morgan Stanley raised their target price on Allstate from $100.00 to $108.00 and gave the company an “equal weight” rating in a report on Friday, July 19th. Credit Suisse Group lowered Allstate from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $100.00 to $94.00 in a research report on Thursday, July 11th. Finally, Barclays increased their price target on Allstate from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, July 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Allstate presently has an average rating of “Hold” and an average target price of $106.92.
Allstate Company 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.
Featured Story: Investing in Growth Stocks
Receive News & Ratings for Allstate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate and related companies with MarketBeat.com's FREE daily email newsletter.