Geneos Wealth Management Inc. Purchases 1,022 Shares of The Allstate Co. (NYSE:ALL)

Geneos Wealth Management Inc. lifted its position in shares of The Allstate Co. (NYSE:ALL) by 266.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,406 shares of the insurance provider’s stock after purchasing an additional 1,022 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Allstate were worth $243,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in ALL. E Fund Management Hong Kong Co. Ltd. bought a new stake in Allstate in the first quarter worth $25,000. Private Wealth Management Group LLC bought a new stake in Allstate in the fourth quarter worth $25,000. Rise Advisors LLC bought a new stake in Allstate in the first quarter worth $26,000. Northwest Investment Counselors LLC bought a new stake in Allstate in the first quarter worth $26,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in Allstate in the fourth quarter worth $36,000. 76.47% of the stock is currently owned by institutional investors.

Allstate Stock Up 1.3 %

Allstate stock opened at $162.04 on Friday. The stock has a market cap of $42.77 billion, a PE ratio of 35.77, a price-to-earnings-growth ratio of 1.88 and a beta of 0.48. 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 Allstate Co. has a one year low of $100.57 and a one year high of $177.37. The stock has a fifty day moving average of $163.72 and a 200 day moving average of $161.25.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, topping analysts’ consensus estimates of $4.11 by $1.02. The business had revenue of $15.26 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business posted ($1.30) earnings per share. As a group, sell-side analysts predict that The Allstate Co. will post 12.15 EPS for the current year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, May 31st were given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Friday, May 31st. Allstate’s payout ratio is 81.24%.

Analyst Upgrades and Downgrades

Several research firms have commented on ALL. Morgan Stanley dropped their target price on Allstate from $205.00 to $200.00 and set an “overweight” rating on the stock in a report on Wednesday. Roth Mkm upped their price target on Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a report on Monday, April 8th. Wells Fargo & Company upped their price target on Allstate from $146.00 to $153.00 and gave the company an “underweight” rating in a report on Friday, May 10th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $194.00 price target on shares of Allstate in a report on Friday, July 5th. Finally, JPMorgan Chase & Co. upped their price target on Allstate from $193.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Allstate has a consensus rating of “Moderate Buy” and a consensus target price of $175.88.

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.