The Allstate Co. (NYSE:ALL) Shares Acquired by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC increased its stake in shares of The Allstate Co. (NYSE:ALL) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,480 shares of the insurance provider’s stock after purchasing an additional 112 shares during the period. Premier Path Wealth Partners LLC’s holdings in Allstate were worth $478,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. SPC Financial Inc. increased its holdings in shares of Allstate by 3.6% in the 3rd quarter. SPC Financial Inc. now owns 1,564 shares of the insurance provider’s stock valued at $297,000 after acquiring an additional 54 shares during the last quarter. Lake Street Advisors Group LLC boosted its holdings in Allstate by 1.8% in the third quarter. Lake Street Advisors Group LLC now owns 3,129 shares of the insurance provider’s stock worth $596,000 after purchasing an additional 54 shares during the period. Abacus Planning Group Inc. increased its stake in Allstate by 2.4% during the third quarter. Abacus Planning Group Inc. now owns 2,416 shares of the insurance provider’s stock valued at $458,000 after purchasing an additional 56 shares during the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of Allstate by 1.3% during the third quarter. Chicago Partners Investment Group LLC now owns 4,630 shares of the insurance provider’s stock worth $893,000 after purchasing an additional 59 shares during the period. Finally, Carmichael Hill & Associates Inc. lifted its position in shares of Allstate by 15.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 460 shares of the insurance provider’s stock worth $87,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ALL. Raymond James raised their target price on shares of Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Friday, October 4th. JPMorgan Chase & Co. boosted their price objective on Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods boosted 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. Finally, Jefferies Financial Group increased their price objective on shares of Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One 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. According to data from MarketBeat.com, Allstate currently has an average rating of “Moderate Buy” and an average price target of $218.13.

Allstate Stock Down 1.2 %

Shares of ALL stock opened at $188.85 on Friday. The Allstate Co. has a 1 year low of $150.17 and a 1 year high of $209.88. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40. The business’s fifty day moving average is $195.73 and its 200-day moving average is $186.32. The stock has a market cap of $50.01 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 1.35 and a beta of 0.52.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The firm had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same period in the previous year, the company earned $0.81 earnings per share. Allstate’s revenue was up 14.7% compared to the same quarter last year. Equities analysts expect that The Allstate Co. will post 16.45 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The firm 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. This represents a $3.68 annualized dividend and a yield of 1.95%. The ex-dividend date was Friday, November 29th. Allstate’s dividend payout ratio is presently 23.83%.

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.