GDS Wealth Management Acquires 3,271 Shares of The Allstate Co. (NYSE:ALL)

GDS Wealth Management increased its stake in The Allstate Co. (NYSE:ALL) by 3.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 89,233 shares of the insurance provider’s stock after acquiring an additional 3,271 shares during the period. Allstate comprises 1.6% of GDS Wealth Management’s holdings, making the stock its 23rd largest position. GDS Wealth Management’s holdings in Allstate were worth $17,203,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ALL. State Street Corp raised its holdings in Allstate by 1.1% in the third quarter. State Street Corp now owns 11,496,306 shares of the insurance provider’s stock worth $2,190,758,000 after buying an additional 126,922 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Allstate by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 6,228,581 shares of the insurance provider’s stock valued at $1,178,164,000 after buying an additional 74,537 shares during the period. Allspring Global Investments Holdings LLC boosted its position 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 during the last quarter. Raymond James & Associates boosted its holdings in shares of Allstate by 10.6% in the third quarter. Raymond James & Associates now owns 1,517,800 shares of the insurance provider’s stock worth $287,851,000 after buying an additional 145,986 shares during the last quarter. Finally, Pathway Financial Advisers LLC boosted its stake in shares of Allstate by 18,472.5% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,052,687 shares of the insurance provider’s stock worth $199,642,000 after acquiring an additional 1,047,019 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

ALL opened at $192.13 on Tuesday. 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 firm has a market cap of $50.87 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 1.47 and a beta of 0.52. The stock’s 50-day moving average price is $193.92 and its 200 day moving average price is $188.58. The Allstate Co. has a 12-month low of $153.87 and a 12-month high of $209.88.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.92%. Allstate’s payout ratio is currently 23.83%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barclays decreased their price objective on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a research report on Monday, January 6th. UBS Group boosted their target price on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. The Goldman Sachs Group increased their price objective on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. lifted their target price on Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $218.13.

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.