Atlas Capital Advisors Inc. Boosts Stock Holdings in The Allstate Corporation (NYSE:ALL)

Key Points

• Atlas Capital Advisors Inc. increased its stake in The Allstate Corporation by 197.3%, owning 6,712 shares valued at $1.39 million as of its latest SEC filing.
• Allstate reported earnings per share (EPS) of $5.94 for the quarter, significantly exceeding the consensus estimate of $3.20.
• The company announced a quarterly dividend of $1.00, resulting in a dividend yield of 1.9%, with a payout ratio of 18.81%.

Atlas Capital Advisors Inc. lifted its holdings in The Allstate Corporation (NYSE:ALL - Free Report) by 197.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,712 shares of the insurance provider's stock after acquiring an additional 4,454 shares during the period. Atlas Capital Advisors Inc.'s holdings in Allstate were worth $1,390,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Allstate by 0.5% in the first quarter. Vanguard Group Inc. now owns 32,800,086 shares of the insurance provider's stock worth $6,791,914,000 after acquiring an additional 164,662 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Allstate by 2.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,334,926 shares of the insurance provider's stock worth $1,799,681,000 after acquiring an additional 218,771 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Allstate by 157.9% in the fourth quarter. Bank of America Corp DE now owns 6,591,138 shares of the insurance provider's stock worth $1,270,705,000 after acquiring an additional 4,035,629 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Allstate by 15.8% in the fourth quarter. Northern Trust Corp now owns 3,496,017 shares of the insurance provider's stock worth $673,997,000 after acquiring an additional 477,221 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in Allstate by 7.2% in the 4th quarter. Deutsche Bank AG now owns 3,233,681 shares of the insurance provider's stock valued at $623,421,000 after buying an additional 217,468 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Trading Down 0.2%

Shares of ALL stock traded down $0.39 during trading hours on Monday, hitting $206.41. 843,787 shares of the company were exchanged, compared to its average volume of 1,717,777. The firm has a market cap of $54.39 billion, a P/E ratio of 9.70, a P/E/G ratio of 0.86 and a beta of 0.35. The Allstate Corporation has a fifty-two week low of $169.95 and a fifty-two week high of $213.18. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43. The company has a 50 day simple moving average of $198.19 and a two-hundred day simple moving average of $198.09.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.20 by $2.74. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The business had revenue of $15.05 billion during the quarter, compared to the consensus estimate of $16.59 billion. During the same quarter last year, the firm posted $1.61 EPS. Allstate's revenue was up 5.8% compared to the same quarter last year. Equities analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, August 29th will be given a $1.00 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.00 annualized dividend and a yield of 1.9%. Allstate's dividend payout ratio (DPR) is presently 18.81%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ALL. Evercore ISI raised their price objective on shares of Allstate from $227.00 to $230.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. UBS Group raised their price objective on shares of Allstate from $230.00 to $235.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Keefe, Bruyette & Woods raised their price objective on shares of Allstate from $237.00 to $246.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. William Blair began coverage on shares of Allstate in a report on Friday, June 6th. They issued a "sector outperform" rating for the company. Finally, Morgan Stanley raised their price target on shares of Allstate from $235.00 to $245.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Allstate currently has a consensus rating of "Moderate Buy" and a consensus price target of $229.20.

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.