Geneos Wealth Management Inc. Has $499,000 Holdings in The Allstate Corporation $ALL

Geneos Wealth Management Inc. increased its position in shares of The Allstate Corporation (NYSE:ALL) by 27.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,410 shares of the insurance provider’s stock after acquiring an additional 514 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Allstate were worth $499,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ALL. Sequoia Financial Advisors LLC grew its position in Allstate by 30.3% in the first quarter. Sequoia Financial Advisors LLC now owns 11,361 shares of the insurance provider’s stock worth $2,352,000 after acquiring an additional 2,643 shares in the last quarter. Atlas Capital Advisors Inc. grew its position in Allstate by 197.3% in the first quarter. Atlas Capital Advisors Inc. now owns 6,712 shares of the insurance provider’s stock worth $1,390,000 after acquiring an additional 4,454 shares in the last quarter. Richard Bernstein Advisors LLC bought a new stake in Allstate in the first quarter worth approximately $3,341,000. Dock Street Asset Management Inc. bought a new stake in Allstate in the first quarter worth approximately $207,000. Finally, First Citizens Bank & Trust Co. grew its position in Allstate by 5.5% in the first quarter. First Citizens Bank & Trust Co. now owns 57,499 shares of the insurance provider’s stock worth $11,906,000 after acquiring an additional 2,981 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

ALL has been the subject of several recent research reports. Barclays reissued an “underweight” rating and issued a $198.00 target price (up from $188.00) on shares of Allstate in a research report on Thursday, July 31st. UBS Group boosted their target price on shares of Allstate from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Keefe, Bruyette & Woods boosted their target price on shares of Allstate from $237.00 to $246.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Morgan Stanley upped their price objective on shares of Allstate from $235.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $260.00 price objective (up from $250.00) on shares of Allstate in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Allstate currently has a consensus rating of “Moderate Buy” and an average target price of $231.21.

Allstate Trading Down 1.0%

Shares of ALL stock opened at $200.40 on Monday. The Allstate Corporation has a 52-week low of $176.00 and a 52-week high of $214.76. The stock has a market cap of $52.81 billion, a price-to-earnings ratio of 9.42, a P/E/G ratio of 0.80 and a beta of 0.37. 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 firm has a fifty day moving average of $200.99 and a 200-day moving average of $200.49.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.20 by $2.74. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The company had revenue of $15.05 billion during the quarter, compared to analysts’ expectations of $16.59 billion. During the same quarter in the prior year, the company posted $1.61 EPS. The business’s revenue was up 5.8% on a year-over-year basis. On average, equities research analysts forecast that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, August 29th will be paid a $1.00 dividend. The ex-dividend date is Friday, August 29th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.0%. Allstate’s dividend payout ratio is currently 18.81%.

Allstate Company 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.