The Allstate Corporation $ALL Shares Bought by Gilliland Jeter Wealth Management LLC

Gilliland Jeter Wealth Management LLC raised its stake in The Allstate Corporation (NYSE:ALL) by 3.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,713 shares of the insurance provider’s stock after acquiring an additional 283 shares during the period. Gilliland Jeter Wealth Management LLC’s holdings in Allstate were worth $1,754,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its stake in Allstate by 30.3% in the first quarter. Sequoia Financial Advisors LLC now owns 11,361 shares of the insurance provider’s stock valued at $2,352,000 after acquiring an additional 2,643 shares during the period. Atlas Capital Advisors Inc. boosted its stake in Allstate by 197.3% in the first quarter. Atlas Capital Advisors Inc. now owns 6,712 shares of the insurance provider’s stock valued at $1,390,000 after acquiring an additional 4,454 shares during the period. Richard Bernstein Advisors LLC acquired a new position in Allstate in the first quarter valued at approximately $3,341,000. Dock Street Asset Management Inc. acquired a new position in shares of Allstate during the first quarter worth approximately $207,000. Finally, Zurich Insurance Group Ltd FI acquired a new position in shares of Allstate during the first quarter worth approximately $22,405,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Roth Capital set a $230.00 price objective on Allstate and gave the stock a “buy” rating in a research report on Friday, September 26th. Wolfe Research upgraded Allstate to a “strong-buy” rating in a research report on Tuesday, September 16th. Evercore ISI set a $233.00 price objective on Allstate and gave the stock an “in-line” rating in a research report on Wednesday, October 1st. Jefferies Financial Group boosted their price objective on Allstate from $254.00 to $255.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $260.00 price objective (up from $250.00) on shares of Allstate in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Allstate has a consensus rating of “Moderate Buy” and an average target price of $234.50.

Allstate Stock Performance

ALL opened at $209.06 on Friday. The company has a market capitalization of $55.09 billion, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 0.82 and a beta of 0.38. 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 1-year low of $176.00 and a 1-year high of $215.70. The business has a 50 day moving average price of $205.94 and a two-hundred day moving average price of $201.14.

Allstate (NYSE:ALL) last released 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 firm had revenue of $15.05 billion during the quarter, compared to the consensus estimate of $16.59 billion. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.61 earnings per share. Research analysts predict that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Announces Dividend

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