1,159 Shares in The Allstate Co. (NYSE:ALL) Purchased by Riverview Trust Co

Riverview Trust Co bought a new stake in shares of The Allstate Co. (NYSE:ALLFree Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,159 shares of the insurance provider’s stock, valued at approximately $201,000.

A number of other hedge funds have also recently modified their holdings of ALL. Rise Advisors LLC purchased a new position in Allstate in the 1st quarter worth about $26,000. Northwest Investment Counselors LLC bought a new stake in shares of Allstate during the first quarter valued at approximately $26,000. Private Wealth Management Group LLC purchased a new stake in shares of Allstate in the fourth quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new position in Allstate in the fourth quarter worth approximately $36,000. Finally, Venturi Wealth Management LLC grew its stake in Allstate by 152.7% in the fourth quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 168 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ALL shares. Piper Sandler lifted their price objective on Allstate from $172.00 to $188.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Morgan Stanley upped their target price on Allstate from $187.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. HSBC upgraded Allstate from a “hold” rating to a “buy” rating and lifted their price target for the company from $158.00 to $190.00 in a report on Thursday, March 28th. JPMorgan Chase & Co. upped their price objective on Allstate from $185.00 to $193.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Finally, StockNews.com lowered Allstate from a “strong-buy” rating to a “buy” rating in a research note on Monday, June 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Allstate has an average rating of “Moderate Buy” and a consensus target price of $174.88.

Get Our Latest Research Report on Allstate

Allstate Price Performance

Allstate stock traded down $1.74 during midday trading on Tuesday, reaching $160.67. The company had a trading volume of 288,430 shares, compared to its average volume of 1,594,508. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.36 and a quick ratio of 0.36. The Allstate Co. has a 12-month low of $100.57 and a 12-month high of $177.37. The company has a market capitalization of $42.40 billion, a P/E ratio of 35.72, a P/E/G ratio of 1.65 and a beta of 0.50. The firm’s fifty day simple moving average is $166.46 and its 200-day simple moving average is $159.70.

Allstate (NYSE:ALLGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, topping the consensus estimate of $4.11 by $1.02. The firm had revenue of $15.26 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the business earned ($1.30) earnings per share. As a group, equities analysts anticipate that The Allstate Co. will post 13.91 EPS for the current year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, May 31st will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.68 dividend on an annualized basis and a yield of 2.29%. Allstate’s payout ratio is presently 81.24%.

Allstate Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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