Valeo Financial Advisors LLC Acquires 180 Shares of The Allstate Corporation $ALL

Valeo Financial Advisors LLC lifted its holdings in The Allstate Corporation (NYSE:ALL) by 4.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,272 shares of the insurance provider’s stock after acquiring an additional 180 shares during the period. Valeo Financial Advisors LLC’s holdings in Allstate were worth $860,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in ALL. Arlington Trust Co LLC raised its position in shares of Allstate by 261.8% in the 2nd quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 89 shares in the last quarter. Hughes Financial Services LLC acquired a new stake in shares of Allstate in the 1st quarter valued at about $28,000. Hilltop National Bank acquired a new stake in shares of Allstate in the 2nd quarter valued at about $34,000. Meeder Asset Management Inc. grew its stake in shares of Allstate by 113.8% in the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock valued at $39,000 after buying an additional 99 shares during the period. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of Allstate in the 1st quarter valued at about $43,000. 76.47% of the stock is owned by institutional investors.

Allstate Price Performance

ALL stock opened at $211.69 on Wednesday. The company has a market capitalization of $55.78 billion, a P/E ratio of 9.95, a price-to-earnings-growth ratio of 0.81 and a beta of 0.38. 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 Allstate Corporation has a 52-week low of $176.00 and a 52-week high of $215.70. The business has a 50-day simple moving average of $205.41 and a two-hundred day simple moving average of $201.05.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, July 30th. The insurance provider reported $5.94 EPS for the quarter, topping 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 firm had revenue of $15.05 billion for the quarter, compared to analysts’ expectations of $16.59 billion. During the same quarter last year, the firm earned $1.61 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. Research analysts expect that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $4.00 annualized dividend and a dividend yield of 1.9%. Allstate’s dividend payout ratio (DPR) is currently 18.81%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Allstate in a research note on Saturday, September 27th. Wall Street Zen upgraded Allstate from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. Citigroup upgraded Allstate to a “hold” rating in a research note on Wednesday, August 13th. Keefe, Bruyette & Woods raised their target price on Allstate from $237.00 to $246.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Finally, Barclays restated an “underweight” rating and issued a $198.00 target price (up from $188.00) on shares of Allstate in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell 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 $231.56.

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.