Focused Wealth Management Inc bought a new stake in shares of Allstate Corp (NYSE:ALL) in the second quarter, Holdings Channel reports. The firm bought 1,950 shares of the insurance provider’s stock, valued at approximately $198,000.

Other large investors also recently modified their holdings of the company. Strategy Asset Managers LLC acquired a new stake in shares of Allstate during the 1st quarter valued at $25,000. Legacy Advisors LLC acquired a new stake in shares of Allstate during the 1st quarter valued at $29,000. Enterprise Financial Services Corp boosted its stake in shares of Allstate by 85.1% during the 1st quarter. Enterprise Financial Services Corp now owns 385 shares of the insurance provider’s stock valued at $36,000 after buying an additional 177 shares during the period. Executive Wealth Management LLC acquired a new stake in shares of Allstate during the 4th quarter valued at $32,000. Finally, Osborn Williams & Donohoe LLC acquired a new stake in shares of Allstate during the 1st quarter valued at $38,000. 77.51% of the stock is owned by institutional investors.

A number of brokerages have issued reports on ALL. UBS Group reissued a “buy” rating and set a $25.00 target price on shares of Infineon Technologies in a research note on Tuesday, May 7th. Credit Suisse Group began coverage on shares of Merck & Co., Inc. in a research note on Thursday, July 11th. They issued a “buy” rating and a $95.00 price objective for the company. Goldman Sachs Group raised shares of Koninklijke KPN from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 29th. Morgan Stanley set a $620.00 price objective on shares of Intuitive Surgical and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Barclays reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Owens Corning in a research note on Monday, July 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $105.42.

In related news, insider Glenn T. Shapiro sold 22,289 shares of Allstate stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $102.22, for a total value of $2,278,381.58. Following the transaction, the insider now owns 25,584 shares in the company, valued at approximately $2,615,196.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Susan L. Lees sold 30,189 shares of Allstate stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $102.26, for a total transaction of $3,087,127.14. Following the completion of the transaction, the executive vice president now owns 62,854 shares in the company, valued at approximately $6,427,450.04. The disclosure for this sale can be found here. Insiders sold a total of 54,703 shares of company stock worth $5,593,860 in the last quarter. Insiders own 1.60% of the company’s stock.

Shares of ALL stock traded up $0.89 on Friday, hitting $102.93. The company’s stock had a trading volume of 893,622 shares, compared to its average volume of 1,193,620. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.29 and a quick ratio of 0.29. Allstate Corp has a fifty-two week low of $77.00 and a fifty-two week high of $107.43. The firm’s fifty day moving average price is $102.32. The firm has a market cap of $33.97 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.02. Allstate had a net margin of 6.26% and a return on equity of 12.66%. The business had revenue of $8.70 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same quarter in the previous year, the business earned $2.96 EPS. Allstate’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts predict that Allstate Corp will post 8.64 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, August 30th will be issued a $0.50 dividend. The ex-dividend date is Thursday, August 29th. This represents a $2.00 annualized dividend and a yield of 1.94%. Allstate’s dividend payout ratio (DPR) is presently 24.78%.

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.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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