Allstate Corp (ALL) Shares Sold by Boltwood Capital Management

Boltwood Capital Management decreased its holdings in shares of Allstate Corp (NYSE:ALL) by 1.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 20,514 shares of the insurance provider’s stock after selling 374 shares during the period. Allstate accounts for about 1.3% of Boltwood Capital Management’s portfolio, making the stock its 26th largest position. Boltwood Capital Management’s holdings in Allstate were worth $1,932,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Liberty Wealth Management LLC purchased a new stake in Allstate during the 4th quarter worth approximately $179,000. Machina Capital S.A.S. purchased a new stake in Allstate during the 4th quarter worth approximately $123,000. Pinnacle Bank purchased a new stake in Allstate during the 4th quarter worth approximately $288,000. MUFG Securities EMEA plc grew its position in Allstate by 1,615.3% during the 4th quarter. MUFG Securities EMEA plc now owns 161,000 shares of the insurance provider’s stock worth $13,303,000 after purchasing an additional 151,614 shares during the last quarter. Finally, Norges Bank purchased a new stake in Allstate during the 4th quarter worth approximately $189,048,000. 79.41% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have commented on ALL. Zacks Investment Research cut shares of Allstate from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Wells Fargo & Co restated a “hold” rating and set a $94.00 price objective on shares of Allstate in a research note on Tuesday, March 12th. William Blair upgraded shares of Allstate from an “underperform” rating to a “market perform” rating in a research note on Wednesday, February 6th. ValuEngine upgraded shares of Allstate from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Edward Jones upgraded shares of Allstate from a “sell” rating to a “hold” rating in a research note on Tuesday, December 11th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $100.73.

Allstate stock opened at $95.09 on Tuesday. Allstate Corp has a 52-week low of $77.00 and a 52-week high of $102.73. The firm has a market cap of $31.26 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.33.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Tuesday, February 5th. The insurance provider reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.23. Allstate had a net margin of 5.66% and a return on equity of 14.00%. The firm had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.66 billion. During the same quarter in the prior year, the firm posted $2.09 earnings per share. Allstate’s quarterly revenue was up 6.2% on a year-over-year basis. Equities research analysts anticipate that Allstate Corp will post 9.26 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Thursday, February 28th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Wednesday, February 27th. This is a boost from Allstate’s previous quarterly dividend of $0.46. Allstate’s dividend payout ratio is currently 24.78%.

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About Allstate

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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