Brookstone Capital Management Increases Stock Position in The Allstate Co. (NYSE:ALL)

Brookstone Capital Management raised its position in The Allstate Co. (NYSE:ALL) by 40.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,368 shares of the insurance provider’s stock after acquiring an additional 1,845 shares during the quarter. Brookstone Capital Management’s holdings in Allstate were worth $1,102,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sunbelt Securities Inc. raised its position in Allstate by 38.5% during the 1st quarter. Sunbelt Securities Inc. now owns 363 shares of the insurance provider’s stock valued at $63,000 after purchasing an additional 101 shares during the last quarter. F&V Capital Management LLC lifted its stake in Allstate by 1.3% in the first quarter. F&V Capital Management LLC now owns 81,909 shares of the insurance provider’s stock worth $14,171,000 after acquiring an additional 1,045 shares during the period. Riverview Trust Co bought a new stake in Allstate in the first quarter valued at $201,000. Annex Advisory Services LLC increased its position in Allstate by 116.8% during the 1st quarter. Annex Advisory Services LLC now owns 5,537 shares of the insurance provider’s stock valued at $958,000 after purchasing an additional 2,983 shares during the period. Finally, Global Assets Advisory LLC bought a new position in Allstate in the 1st quarter worth $5,583,000. 76.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Allstate from $187.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. StockNews.com lowered Allstate from a “strong-buy” rating to a “buy” rating in a research report on Monday, June 3rd. Wells Fargo & Company lifted their price target on Allstate from $146.00 to $153.00 and gave the company an “underweight” rating in a research report on Friday, May 10th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $194.00 target price on shares of Allstate in a report on Friday, June 21st. Finally, Evercore ISI lifted their price target on shares of Allstate from $166.00 to $173.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Allstate has an average rating of “Moderate Buy” and a consensus price target of $174.88.

Allstate Trading Down 0.2 %

Allstate stock opened at $159.66 on Friday. The Allstate Co. has a one year low of $100.57 and a one year high of $177.37. The business’s fifty day moving average is $165.87 and its 200 day moving average is $160.07. The stock has a market capitalization of $42.14 billion, a PE ratio of 35.25, a price-to-earnings-growth ratio of 1.88 and a beta of 0.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.36 and a quick ratio of 0.36.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, topping analysts’ consensus estimates of $4.11 by $1.02. The firm had revenue of $15.26 billion during the quarter, compared to analyst estimates of $12.76 billion. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The business’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 posted ($1.30) earnings per share. On average, sell-side analysts predict that The Allstate Co. will post 12.15 EPS for the current year.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, May 31st will be paid a $0.92 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.30%. Allstate’s dividend payout ratio (DPR) is currently 81.24%.

Allstate 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.