9,255 Shares in The Allstate Corporation (NYSE:ALL) Purchased by Caliber Wealth Management LLC KS

Key Points

• Caliber Wealth Management LLC KS has made a new investment of $1.92 million in The Allstate Corporation, acquiring 9,255 shares of the insurance provider's stock during the 1st quarter.
• Allstate's stock currently has a consensus rating of "Moderate Buy" with an average price target of $227.07 as analysts continue to express positive outlooks on the company.
• The company recently declared a quarterly dividend of $1.00 per share, resulting in an annualized yield of 2.06%, with a dividend payout ratio of 27.32%.

Caliber Wealth Management LLC KS acquired a new position in The Allstate Corporation (NYSE:ALL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,255 shares of the insurance provider's stock, valued at approximately $1,916,000.

A number of other institutional investors have also recently made changes to their positions in the business. Hughes Financial Services LLC acquired a new stake in Allstate during the 1st quarter worth about $28,000. Kapitalo Investimentos Ltda acquired a new position in shares of Allstate in the 4th quarter valued at about $29,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Allstate in the 4th quarter valued at about $40,000. Mattson Financial Services LLC acquired a new position in shares of Allstate in the 4th quarter valued at 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 Up 1.0%

Allstate stock traded up $1.91 during midday trading on Friday, reaching $195.85. The company's stock had a trading volume of 1,370,899 shares, compared to its average volume of 1,562,177. The Allstate Corporation has a fifty-two week low of $166.46 and a fifty-two week high of $213.18. 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 company has a market cap of $51.86 billion, a P/E ratio of 13.38, a P/E/G ratio of 1.01 and a beta of 0.33. The business has a 50-day simple moving average of $199.34 and a 200-day simple moving average of $196.91.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share for the quarter, missing analysts' consensus estimates of $3.98 by ($0.45). Allstate had a net margin of 6.19% and a return on equity of 24.62%. The business had revenue of $14.30 billion during the quarter, compared to analyst estimates of $16.41 billion. During the same quarter in the prior year, the business earned $5.13 earnings per share. The firm's quarterly revenue was up 7.8% on a year-over-year basis. On average, research analysts expect that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Announces Dividend

The company also recently announced 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 dividend on an annualized basis 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 currently 27.32%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Allstate from $217.00 to $222.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods boosted their price objective on Allstate from $235.00 to $237.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Raymond James Financial reiterated a "strong-buy" rating and set a $250.00 price objective (up from $240.00) on shares of Allstate in a research note on Monday, May 5th. Wall Street Zen upgraded Allstate from a "hold" rating to a "buy" rating in a research report on Sunday, July 20th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Allstate in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.