By otakuyassine3@gmail.com 
Lebenthal Global Advisors LLC purchased a new stake in shares of The Allstate Co. (NYSE:ALL – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,728 shares of the insurance provider’s stock, valued at approximately $333,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. FSA Wealth Management LLC bought a new stake in shares of Allstate in the 3rd quarter valued at about $26,000. Northwest Investment Counselors LLC bought a new position in Allstate in the third quarter worth approximately $28,000. Catalyst Capital Advisors LLC purchased a new stake in Allstate during the third quarter worth $29,000. Peoples Bank KS bought a new stake in Allstate during the 4th quarter valued at $49,000. Finally, Transamerica Financial Advisors Inc. bought a new position in shares of Allstate during the 3rd quarter worth approximately $58,000. 76.47% of the stock is currently owned by institutional investors.
Allstate Stock Up 3.7 %
Shares of NYSE ALL opened at $193.02 on Tuesday. The company has a market capitalization of $51.11 billion, a P/E ratio of 12.50, a P/E/G ratio of 1.41 and a beta of 0.52. The Allstate Co. has a 1 year low of $153.42 and a 1 year high of $209.88. 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 company has a 50 day simple moving average of $194.70 and a 200-day simple moving average of $187.66.
Allstate (NYSE:ALL – Get Free Report) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the company earned $0.81 EPS. Allstate’s revenue was up 14.7% on a year-over-year basis. On average, equities research analysts predict that The Allstate Co. will post 16.83 earnings per share for the current year.
Allstate Announces Dividend
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 was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.91%. Allstate’s payout ratio is 23.83%.
Analyst Ratings Changes
ALL has been the topic of several research reports. Raymond James raised their target price on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 4th. Barclays decreased their target price on Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a report on Monday, January 6th. Piper Sandler increased their price target on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. The Goldman Sachs Group lifted their price objective on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Bank of America boosted their target price on shares of Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $218.13.
Read Our Latest Research Report on ALL
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.
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