The Allstate Co. (NYSE:ALL) Shares Bought by Atomi Financial Group Inc.

Atomi Financial Group Inc. grew its stake in shares of The Allstate Co. (NYSE:ALL) by 16.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,019 shares of the insurance provider’s stock after acquiring an additional 288 shares during the period. Atomi Financial Group Inc.’s holdings in Allstate were worth $349,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ALL. Keating Investment Counselors Inc. purchased a new stake in shares of Allstate in the first quarter valued at $208,000. Forsta AP Fonden lifted its holdings in shares of Allstate by 46.2% in the first quarter. Forsta AP Fonden now owns 72,200 shares of the insurance provider’s stock valued at $12,491,000 after purchasing an additional 22,800 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Allstate by 2.0% in the first quarter. Oppenheimer & Co. Inc. now owns 11,621 shares of the insurance provider’s stock valued at $2,011,000 after purchasing an additional 227 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Allstate by 84.4% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,892 shares of the insurance provider’s stock valued at $673,000 after purchasing an additional 1,781 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Allstate in the first quarter valued at $245,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ALL. The Goldman Sachs Group raised their price target on Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Roth Mkm raised their price target on Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, April 8th. HSBC raised Allstate from a “hold” rating to a “buy” rating and raised their price target for the company from $158.00 to $190.00 in a research report on Thursday, March 28th. Evercore ISI raised their price target on Allstate from $166.00 to $173.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Finally, StockNews.com downgraded Allstate from a “strong-buy” rating to a “buy” rating in a research report on Monday, June 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.88.

Allstate Trading Up 1.7 %

ALL stock traded up $2.80 during trading on Monday, hitting $166.49. The company had a trading volume of 502,997 shares, compared to its average volume of 1,559,793. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of $163.63 and a 200-day moving average price of $161.76. The Allstate Co. has a 12 month low of $100.57 and a 12 month high of $177.37. The stock has a market cap of $43.94 billion, a price-to-earnings ratio of 36.13, a PEG ratio of 1.88 and a beta of 0.48.

Allstate (NYSE:ALL) last released its 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. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The firm had revenue of $15.26 billion during the quarter, compared to analyst estimates of $12.76 billion. During the same quarter in the previous year, the business earned ($1.30) EPS. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. As a group, analysts predict that The Allstate Co. will post 12.41 earnings per share for the current year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, May 31st were issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Friday, May 31st. Allstate’s dividend payout ratio is presently 81.24%.

Allstate Company 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.