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The Allstate (NYSE:ALL) reached a new 52-week high during trading on Thursday following a stronger than expected earnings report, AnalystRatingsNetwork.com reports. The stock traded as high as $59.89 and last traded at $59.47, with a volume of 3,230,227 shares trading hands. The stock had previously closed at $56.89.

The company reported $1.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.86 by $0.15. The company had revenue of $8.86 billion for the quarter, compared to the consensus estimate of $7.58 million. During the same quarter in the prior year, the company posted $1.12 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Friday, August 29th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Wednesday, August 27th.

ALL has been the subject of a number of recent research reports. Analysts at William Blair downgraded shares of The Allstate from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Separately, analysts at Barclays reiterated an “overweight” rating on shares of The Allstate in a research note on Monday, June 30th. They now have a $68.00 price target on the stock, up previously from $65.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of The Allstate in a research note on Friday, June 27th. They now have a $61.00 price target on the stock. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $64.50.

The stock’s 50-day moving average is $58.49 and its 200-day moving average is $56.16. The company has a market cap of $25.803 billion and a P/E ratio of 12.29.

The Allstate Corporation (NYSE:ALL) is a holding company for Allstate Insurance Company.

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