Community Bank of Raymore held its stake in Allstate Corp. (NYSE:ALL) during the second quarter, Holdings Channel reports. The firm owned 8,565 shares of the company’s stock at the end of the second quarter. Community Bank of Raymore’s holdings in Allstate Corp. were worth $598,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Integrated Investment Consultants LLC increased its stake in Allstate Corp. by 9.2% in the second quarter. Integrated Investment Consultants LLC now owns 2,483 shares of the company’s stock valued at $174,000 after buying an additional 209 shares during the last quarter. BKD Wealth Advisors LLC purchased a new stake in Allstate Corp. during the second quarter valued at $204,000. Kassirer Asset Management Corp purchased a new stake in Allstate Corp. during the second quarter valued at $206,000. Arbor Investment Advisors LLC purchased a new stake in Allstate Corp. during the second quarter valued at $207,000. Finally, Clear Harbor Asset Management LLC purchased a new stake in Allstate Corp. during the first quarter valued at $202,000. 76.38% of the stock is owned by institutional investors and hedge funds.
Shares of Allstate Corp. (NYSE:ALL) traded down 0.903% on Monday, hitting $68.555. The company’s stock had a trading volume of 1,787,403 shares. Allstate Corp. has a 52 week low of $56.03 and a 52 week high of $70.38. The company has a market cap of $25.47 billion, a price-to-earnings ratio of 17.264 and a beta of 0.95. The stock’s 50 day moving average is $68.65 and its 200-day moving average is $67.82.
Allstate Corp. (NYSE:ALL) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.04. The company had revenue of $9.16 billion for the quarter, compared to analysts’ expectations of $8.14 billion. Allstate Corp. had a return on equity of 9.94% and a net margin of 4.63%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 earnings per share. On average, equities research analysts anticipate that Allstate Corp. will post $4.39 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Wednesday, August 31st will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, August 29th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.91%. Allstate Corp.’s dividend payout ratio (DPR) is presently 33.59%.
ALL has been the subject of several analyst reports. Zacks Investment Research downgraded Allstate Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 12th. Macquarie reaffirmed an “outperform” rating and set a $78.00 price objective on shares of Allstate Corp. in a research note on Wednesday, June 8th. Deutsche Bank AG upped their price objective on Allstate Corp. from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. MKM Partners reaffirmed a “buy” rating on shares of Allstate Corp. in a research note on Thursday, June 16th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $79.00 price objective (up from $74.00) on shares of Allstate Corp. in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. Allstate Corp. has a consensus rating of “Buy” and an average target price of GBX 72 ($0.94).
In related news, CFO Steven E. Shebik sold 41,334 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of GBX 68.86 ($0.90), for a total transaction of £28,462.59 ($37,152.58). Following the sale, the chief financial officer now owns 102,959 shares of the company’s stock, valued at £70,897.57 ($92,543.49). The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Matthew E. Winter sold 26,150 shares of the business’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of GBX 70 ($0.91), for a total value of £18,305 ($23,893.75). The disclosure for this sale can be found here. Insiders own 1.58% of the company’s stock.
About Allstate Corp.
The Allstate Corporation is a holding company for Allstate Insurance Company. The Company and its subsidiaries, including Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries (collectively, Allstate) are engaged in the property-liability insurance and life insurance business.
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