Nicolet Advisory Services LLC Buys 272 Shares of The Allstate Co. (NYSE:ALL)

Nicolet Advisory Services LLC boosted its holdings in shares of The Allstate Co. (NYSE:ALL) by 8.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,661 shares of the insurance provider’s stock after buying an additional 272 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Allstate were worth $616,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in Allstate during the fourth quarter valued at approximately $212,771,000. Palestra Capital Management LLC purchased a new position in Allstate during the fourth quarter valued at approximately $83,561,000. Balyasny Asset Management L.P. purchased a new position in Allstate during the fourth quarter valued at approximately $81,571,000. Artemis Investment Management LLP purchased a new position in Allstate during the first quarter valued at approximately $95,764,000. Finally, Mizuho Markets Americas LLC purchased a new position in Allstate during the fourth quarter valued at approximately $52,042,000. 76.47% of the stock is currently owned by institutional investors.

Allstate Price Performance

ALL traded down $2.31 on Friday, hitting $174.38. 1,239,509 shares of the company’s stock were exchanged, compared to its average volume of 1,269,976. The Allstate Co. has a fifty-two week low of $104.29 and a fifty-two week high of $179.93. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of $163.71 and a 200-day moving average price of $162.68. The stock has a market cap of $46.02 billion, a price-to-earnings ratio of 38.49, a P/E/G ratio of 1.99 and a beta of 0.48.

Allstate (NYSE:ALL) last announced its earnings results 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 net margin of 2.31% and a return on equity of 14.44%. The company had revenue of $15.26 billion for the quarter, compared to analysts’ expectations of $12.76 billion. During the same quarter in the previous year, the company posted ($1.30) EPS. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, equities analysts anticipate that The Allstate Co. will post 12.72 earnings per share for the current year.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, August 30th will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $3.68 annualized dividend and a dividend yield of 2.11%. Allstate’s payout ratio is 81.24%.

Analysts Set New Price Targets

Several equities analysts have weighed in on ALL shares. StockNews.com downgraded shares of Allstate from a “strong-buy” rating to a “buy” rating in a report on Monday, June 3rd. JPMorgan Chase & Co. upped their price target on shares of Allstate from $193.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Roth Mkm boosted their price objective 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. Evercore ISI boosted their price objective on shares of Allstate from $166.00 to $173.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Finally, Piper Sandler boosted their price objective on shares of Allstate from $172.00 to $188.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Allstate currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.06.

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.