Stratos Investment Management LLC Has $926,000 Position in The Allstate Corporation (NYSE:ALL)

Stratos Investment Management LLC increased its position in The Allstate Corporation (NYSE:ALL - Free Report) by 43.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,469 shares of the insurance provider's stock after buying an additional 1,355 shares during the quarter. Stratos Investment Management LLC's holdings in Allstate were worth $926,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ALL. Brighton Jones LLC boosted its stake in shares of Allstate by 60.2% in the fourth quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider's stock valued at $1,253,000 after purchasing an additional 2,443 shares during the period. Revolve Wealth Partners LLC acquired a new stake in Allstate during the fourth quarter worth about $231,000. Stenger Family Office LLC bought a new stake in shares of Allstate in the 4th quarter worth approximately $439,000. Proficio Capital Partners LLC lifted its stake in Allstate by 19.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,396 shares of the insurance provider's stock valued at $269,000 after buying an additional 230 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC boosted its stake in Allstate by 131.2% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,149 shares of the insurance provider's stock valued at $608,000 after purchasing an additional 1,787 shares during the period. 76.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ALL has been the subject of several recent analyst reports. Barclays increased their price target on Allstate from $172.00 to $188.00 and gave the stock an "underweight" rating in a research note on Monday. UBS Group upped their price target on Allstate from $230.00 to $235.00 and gave the company a "buy" rating in a report on Wednesday. Keefe, Bruyette & Woods upped their price objective on shares of Allstate from $235.00 to $237.00 and gave the company an "outperform" rating in a research note on Wednesday. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $250.00 target price (up previously from $240.00) on shares of Allstate in a research report on Monday, May 5th. Finally, Wells Fargo & Company dropped their price objective on shares of Allstate from $200.00 to $197.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $227.07.

Allstate Stock Performance

Shares of Allstate stock traded up $0.76 on Wednesday, reaching $194.16. The stock had a trading volume of 1,018,303 shares, compared to its average volume of 1,637,532. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.40 and a current ratio of 0.40. The Allstate Corporation has a fifty-two week low of $158.04 and a fifty-two week high of $213.18. The business's 50-day moving average price is $201.24 and its two-hundred day moving average price is $196.68. The stock has a market cap of $51.42 billion, a P/E ratio of 13.26, a price-to-earnings-growth ratio of 1.01 and a beta of 0.33.

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

Allstate Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 9th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend was Monday, June 9th. Allstate's dividend payout ratio is presently 27.32%.

About Allstate

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.