Mesirow Financial Investment Management Inc. Buys 150 Shares of The Allstate Corporation (NYSE:ALL)

Mesirow Financial Investment Management Inc. grew its stake in The Allstate Corporation (NYSE:ALL) by 0.2% during the 1st quarter, HoldingsChannel reports. The firm owned 62,914 shares of the insurance provider’s stock after acquiring an additional 150 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Allstate were worth $13,027,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Rehmann Capital Advisory Group grew its stake in shares of Allstate by 3.2% in the 1st quarter. Rehmann Capital Advisory Group now owns 1,630 shares of the insurance provider’s stock valued at $338,000 after purchasing an additional 51 shares during the period. Vantage Point Financial LLC boosted its holdings in shares of Allstate by 3.6% in the 1st quarter. Vantage Point Financial LLC now owns 1,495 shares of the insurance provider’s stock worth $310,000 after acquiring an additional 52 shares in the last quarter. Confluence Wealth Services Inc. boosted its holdings in shares of Allstate by 0.7% in the 1st quarter. Confluence Wealth Services Inc. now owns 8,000 shares of the insurance provider’s stock worth $1,558,000 after acquiring an additional 54 shares in the last quarter. Achmea Investment Management B.V. boosted its holdings in shares of Allstate by 0.3% in the 1st quarter. Achmea Investment Management B.V. now owns 20,586 shares of the insurance provider’s stock worth $4,262,000 after acquiring an additional 57 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC boosted its holdings in shares of Allstate by 1.7% in the 1st quarter. Avidian Wealth Enterprises LLC now owns 3,552 shares of the insurance provider’s stock worth $735,000 after acquiring an additional 59 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors.

Allstate Price Performance

ALL stock opened at $193.83 on Wednesday. The stock has a 50-day moving average price of $198.69 and a two-hundred day moving average price of $197.01. The stock has a market cap of $51.33 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 1.00 and a beta of 0.33. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.40. The Allstate Corporation has a 1 year low of $168.36 and a 1 year high of $213.18.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.98 by ($0.45). The firm had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $16.41 billion. Allstate had a return on equity of 24.62% and a net margin of 6.19%. Allstate’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $5.13 EPS. Equities analysts forecast that The Allstate Corporation will post 18.74 EPS 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 dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.06%. Allstate’s dividend payout ratio is 27.32%.

Wall Street Analysts Forecast Growth

ALL has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on Allstate from $225.00 to $235.00 and gave the stock an “overweight” rating in a report on Tuesday, May 6th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Allstate in a research note on Friday, May 16th. UBS Group upped their price target on Allstate from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. William Blair started coverage on Allstate in a research note on Friday, June 6th. They set a “sector outperform” rating on the stock. Finally, Wall Street Zen lowered Allstate from a “buy” rating to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $227.07.

About Allstate

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.