1,082 Shares in The Allstate Co. (NYSE:ALL) Acquired by Allen Capital Group LLC

Allen Capital Group LLC bought a new stake in shares of The Allstate Co. (NYSE:ALL) in the fourth quarter, Holdings Channel reports. The firm bought 1,082 shares of the insurance provider’s stock, valued at approximately $209,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Pathway Financial Advisers LLC increased its stake in shares of Allstate by 18,472.5% in the third quarter. Pathway Financial Advisers LLC now owns 1,052,687 shares of the insurance provider’s stock worth $199,642,000 after purchasing an additional 1,047,019 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Allstate by 18.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider’s stock worth $569,114,000 after purchasing an additional 472,040 shares in the last quarter. TimesSquare Capital Management LLC bought a new stake in Allstate during the 3rd quarter worth about $77,819,000. Los Angeles Capital Management LLC lifted its holdings in Allstate by 688.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 460,282 shares of the insurance provider’s stock worth $87,292,000 after buying an additional 401,901 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in Allstate by 291.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 356,065 shares of the insurance provider’s stock worth $67,528,000 after purchasing an additional 265,213 shares during the period. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Stock Up 0.1 %

Shares of NYSE ALL opened at $191.10 on Thursday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average of $194.46 and a 200-day moving average of $188.07. The firm has a market capitalization of $50.60 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 1.41 and a beta of 0.52. The Allstate Co. has a 12 month low of $153.42 and a 12 month high of $209.88.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, beating the consensus estimate of $2.20 by $1.71. The firm had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the company posted $0.81 EPS. Sell-side analysts expect that The Allstate Co. will post 16.83 earnings per share for the current fiscal year.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were issued a $0.92 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.93%. Allstate’s dividend payout ratio is currently 23.83%.

Wall Street Analysts Forecast Growth

ALL has been the topic of several recent research reports. UBS Group raised their price target on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Wells Fargo & Company raised their target price on Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods increased their price target on shares of Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. The Goldman Sachs Group boosted their price objective on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Barclays cut their target price on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, one has issued 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 a consensus target price of $218.13.

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.