Schechter Investment Advisors LLC Has $210,000 Stock Position in The Allstate Co. (NYSE:ALL)

Posted by Defense World Staff on Jul 21st, 2023

Schechter Investment Advisors LLC lessened its holdings in The Allstate Co. (NYSE:ALL – Free Report) by 31.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,893 shares of the insurance provider’s stock after selling 863 shares during the period. Schechter Investment Advisors LLC’s holdings in Allstate were worth $210,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Accurate Wealth Management LLC acquired a new stake in shares of Allstate in the fourth quarter worth about $27,000. CVA Family Office LLC raised its holdings in Allstate by 48.4% in the 1st quarter. CVA Family Office LLC now owns 282 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 92 shares during the period. OLD Mission Capital LLC acquired a new position in Allstate during the 4th quarter worth $41,000. Industrial Alliance Investment Management Inc. lifted its position in Allstate by 138.3% during the 4th quarter. Industrial Alliance Investment Management Inc. now owns 367 shares of the insurance provider’s stock worth $50,000 after acquiring an additional 213 shares during the last quarter. Finally, New England Capital Financial Advisors LLC bought a new stake in Allstate during the fourth quarter valued at about $46,000. 75.44% of the stock is currently owned by institutional investors.

Allstate Price Performance

Allstate stock opened at $111.98 on Friday. The business has a 50 day simple moving average of $110.56 and a 200 day simple moving average of $118.87. The Allstate Co. has a one year low of $100.57 and a one year high of $142.15. The company has a market capitalization of $29.43 billion, a PE ratio of -12.62, a price-to-earnings-growth ratio of 16.83 and a beta of 0.57. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.41 and a quick ratio of 0.41.

Allstate (NYSE:ALL – Get Free Report) last announced its quarterly earnings results on Thursday, May 4th. The insurance provider reported ($1.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.94) by $0.64. The firm had revenue of $13.79 billion during the quarter, compared to the consensus estimate of $13.68 billion. Allstate had a negative net margin of 4.33% and a negative return on equity of 7.77%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the firm posted $2.58 EPS. On average, sell-side analysts forecast that The Allstate Co. will post 0.86 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, August 21st will be given a dividend of $0.89 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.56 dividend on an annualized basis and a yield of 3.18%. Allstate’s dividend payout ratio (DPR) is presently -40.14%.

Analysts Set New Price Targets

ALL has been the subject of several research analyst reports. StockNews.com initiated coverage on Allstate in a research report on Thursday, May 18th. They set a “hold” rating for the company. Piper Sandler lowered their price objective on shares of Allstate from $141.00 to $137.00 in a research note on Thursday, July 6th. JPMorgan Chase & Co. upped their target price on shares of Allstate from $150.00 to $162.00 in a research note on Thursday, July 6th. BMO Capital Markets reduced their price target on shares of Allstate from $130.00 to $120.00 and set a “market perform” rating for the company in a report on Wednesday, March 29th. Finally, Morgan Stanley initiated coverage on shares of Allstate in a research report on Tuesday, June 20th. They set an “equal weight” rating and a $117.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $138.31.

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. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; other personal lines products; and commercial lines products under the Allstate and Encompass brand names.