Berger Financial Group Inc Has $6.41 Million Stock Holdings in The Allstate Corporation $ALL

Berger Financial Group Inc lifted its position in The Allstate Corporation (NYSE:ALL) by 0.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 31,862 shares of the insurance provider’s stock after purchasing an additional 167 shares during the quarter. Berger Financial Group Inc’s holdings in Allstate were worth $6,414,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

ALL has been the subject of a number of research reports. Cantor Fitzgerald upgraded Allstate to a “hold” rating in a research note on Wednesday, August 13th. Jefferies Financial Group raised their price objective on shares of Allstate from $254.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Wall Street Zen upgraded shares of Allstate from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Citigroup raised shares of Allstate to a “hold” rating in a report on Wednesday, August 13th. Finally, BMO Capital Markets upped their price objective on Allstate from $230.00 to $235.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $231.56.

Allstate Trading Up 0.4%

ALL opened at $210.92 on Friday. The firm has a 50 day simple moving average of $204.72 and a 200 day simple moving average of $201.03. The Allstate Corporation has a fifty-two week low of $176.00 and a fifty-two week high of $215.70. The company has a market cap of $55.58 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 0.83 and a beta of 0.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, July 30th. The insurance provider reported $5.94 EPS for the quarter, topping 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 firm had revenue of $15.05 billion during the quarter, compared to analyst estimates of $16.59 billion. During the same quarter in the previous year, the business earned $1.61 EPS. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts anticipate that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Announces Dividend

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

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.