Pinkerton Retirement Specialists LLC Invests $217,000 in The Allstate Co. (NYSE:ALL)

Pinkerton Retirement Specialists LLC purchased a new position in The Allstate Co. (NYSE:ALL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,254 shares of the insurance provider’s stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Allstate during the 1st quarter worth $25,000. Private Wealth Management Group LLC bought a new position in Allstate during the 4th quarter worth about $25,000. Rise Advisors LLC purchased a new position in Allstate during the 1st quarter valued at about $26,000. Northwest Investment Counselors LLC bought a new stake in shares of Allstate in the 1st quarter valued at about $26,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of Allstate in the 4th quarter valued at about $36,000. Institutional investors own 76.47% of the company’s stock.

Allstate Stock Performance

Shares of NYSE ALL traded down $2.31 during mid-day trading on Friday, hitting $174.38. The stock had a trading volume of 1,239,509 shares, compared to its average volume of 1,269,976. The company has a 50 day moving average of $163.71 and a two-hundred day moving average of $162.68. The Allstate Co. has a twelve month low of $104.29 and a twelve month high of $179.93. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a market cap of $46.02 billion, a PE ratio of 38.49, a PEG ratio of 1.99 and a beta of 0.48.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.11 by $1.02. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The firm had revenue of $15.26 billion during the quarter, compared to analysts’ expectations of $12.76 billion. During the same period last year, the business posted ($1.30) earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. Research analysts predict that The Allstate Co. will post 12.72 EPS for the current fiscal year.

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, August 30th will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Friday, August 30th. Allstate’s dividend payout ratio (DPR) is currently 81.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ALL shares. Piper Sandler boosted their price objective on shares of Allstate from $172.00 to $188.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. BMO Capital Markets upgraded Allstate from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $190.00 to $191.00 in a research note on Thursday. HSBC upgraded Allstate from a “hold” rating to a “buy” rating and lifted their target price for the company from $158.00 to $190.00 in a research note on Thursday, March 28th. Roth Mkm increased their price target on shares of Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, Evercore ISI lifted their price objective on shares of Allstate from $166.00 to $173.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Allstate currently has a consensus rating of “Moderate Buy” and an average target price of $178.06.

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.