Angeles Wealth Management LLC Buys 62 Shares of The Allstate Co. (NYSE:ALL)

Angeles Wealth Management LLC increased its stake in The Allstate Co. (NYSE:ALL) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,403 shares of the insurance provider’s stock after acquiring an additional 62 shares during the period. Angeles Wealth Management LLC’s holdings in Allstate were worth $270,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. FSA Wealth Management LLC purchased a new stake in shares of Allstate during the third quarter valued at approximately $26,000. Northwest Investment Counselors LLC bought a new stake in Allstate during the 3rd quarter valued at $28,000. Catalyst Capital Advisors LLC bought a new stake in Allstate during the 3rd quarter valued at $29,000. Peoples Bank KS purchased a new stake in Allstate during the 4th quarter valued at $49,000. Finally, Golden State Wealth Management LLC bought a new stake in Allstate in the 4th quarter worth $57,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ALL shares. Barclays dropped their target price on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a report on Monday, January 6th. Morgan Stanley increased their price objective on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. BMO Capital Markets raised their price target on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Finally, The Goldman Sachs Group lifted their price target on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Allstate has an average rating of “Moderate Buy” and an average target price of $218.13.

Allstate Price Performance

Shares of ALL opened at $186.57 on Tuesday. The firm’s 50-day simple moving average is $192.41 and its two-hundred day simple moving average is $189.19. The Allstate Co. has a fifty-two week low of $153.87 and a fifty-two week high of $209.88. The stock has a market cap of $49.40 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.40 and a current ratio of 0.36.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. Analysts anticipate that The Allstate Co. will post 18.64 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were given a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s dividend payout ratio is presently 21.66%.

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.