Strategic Financial Concepts LLC Increases Stock Position in The Allstate Co. (NYSE:ALL)

Strategic Financial Concepts LLC grew its position in shares of The Allstate Co. (NYSE:ALL) by 15,062.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,119,129 shares of the insurance provider’s stock after buying an additional 1,111,748 shares during the quarter. Strategic Financial Concepts LLC owned 0.42% of Allstate worth $215,757,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of ALL. FSA Wealth Management LLC bought a new stake in Allstate during the 3rd quarter worth approximately $26,000. Northwest Investment Counselors LLC bought a new position in shares of Allstate during the 3rd quarter valued at approximately $28,000. Catalyst Capital Advisors LLC bought a new position in Allstate during the 3rd quarter valued at about $29,000. Peoples Bank KS purchased a new stake in shares of Allstate in the fourth quarter worth approximately $49,000. Finally, Transamerica Financial Advisors Inc. bought a new position in shares of Allstate in the third quarter worth about $58,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Stock Performance

Allstate stock opened at $191.68 on Friday. The company has a market cap of $50.76 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The Allstate Co. has a 12 month low of $153.87 and a 12 month high of $209.88. The stock’s 50-day moving average is $193.08 and its 200-day moving average is $188.84.

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 net margin of 6.77% and a return on equity of 26.67%. Equities analysts anticipate that The Allstate Co. will post 16.96 earnings per share for the current year.

Allstate Dividend Announcement

The business also recently disclosed 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 was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a yield of 1.92%. Allstate’s payout ratio is currently 21.66%.

Analyst Ratings Changes

Several research firms recently weighed in on ALL. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Morgan Stanley raised their price target on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. The Goldman Sachs Group raised their target price on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. raised 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, BMO Capital Markets raised their target price on Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $218.13.

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.