The Allstate Corporation (NYSE:ALL) Shares Acquired by Empirical Finance LLC

Empirical Finance LLC boosted its position in The Allstate Corporation (NYSE:ALL) by 2.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,366 shares of the insurance provider’s stock after buying an additional 192 shares during the quarter. Empirical Finance LLC’s holdings in Allstate were worth $1,939,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ALL. Hughes Financial Services LLC bought a new position in Allstate during the first quarter worth $28,000. Kapitalo Investimentos Ltda bought a new stake in Allstate during the fourth quarter valued at $29,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Allstate during the fourth quarter worth $40,000. Mattson Financial Services LLC bought a new position in shares of Allstate in the 4th quarter worth about $44,000. Finally, Wayfinding Financial LLC acquired a new position in shares of Allstate in the 1st quarter valued at about $54,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Performance

ALL stock opened at $195.85 on Friday. The company has a 50-day simple moving average of $199.34 and a 200 day simple moving average of $196.91. The company has a market capitalization of $51.86 billion, a P/E ratio of 13.38, a PEG ratio of 1.01 and a beta of 0.33. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.40. The Allstate Corporation has a fifty-two week low of $166.46 and a fifty-two week high of $213.18.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.53 EPS for the quarter, missing analysts’ consensus estimates of $3.98 by ($0.45). The company had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $16.41 billion. Allstate had a return on equity of 24.62% and a net margin of 6.19%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $5.13 earnings per share. Sell-side analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, August 29th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, August 29th. Allstate’s dividend payout ratio (DPR) is presently 27.32%.

Analyst Ratings Changes

ALL has been the topic of several research reports. Raymond James Financial reiterated a “strong-buy” rating and set a $250.00 price objective (up previously from $240.00) on shares of Allstate in a research note on Monday, May 5th. JPMorgan Chase & Co. raised their price target on Allstate from $217.00 to $222.00 and gave the stock an “overweight” rating in a report on Tuesday, April 8th. BMO Capital Markets restated an “outperform” rating on shares of Allstate in a research note on Friday, May 16th. Wells Fargo & Company dropped their target price on Allstate from $200.00 to $197.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 6th. Finally, Wall Street Zen raised shares of Allstate from a “hold” rating to a “buy” rating in a report on Sunday, July 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $227.07.

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.