SeaCrest Wealth Management LLC Buys 65 Shares of The Allstate Co. (NYSE:ALL)

SeaCrest Wealth Management LLC lifted its holdings in The Allstate Co. (NYSE:ALL) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,645 shares of the insurance provider’s stock after buying an additional 65 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Allstate were worth $317,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. FSA Wealth Management LLC bought a new stake in Allstate in the third quarter worth $26,000. Northwest Investment Counselors LLC purchased a new position in shares of Allstate in the 3rd quarter worth about $28,000. Catalyst Capital Advisors LLC purchased a new stake in Allstate during the 3rd quarter valued at about $29,000. Peoples Bank KS purchased a new stake in Allstate during the 4th quarter valued at about $49,000. Finally, Transamerica Financial Advisors Inc. bought a new stake in Allstate during the 3rd quarter valued at about $58,000. Institutional investors own 76.47% of the company’s stock.

Allstate Stock Down 1.2 %

ALL 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 firm’s 50 day simple moving average is $195.89 and its two-hundred day simple moving average is $186.12. 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 company has a market capitalization of $50.01 billion, a PE ratio of 12.23, a PEG ratio of 1.35 and a beta of 0.52.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $1.71. The business had revenue of $16.63 billion during the quarter, compared to analyst estimates of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. Allstate’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.81 earnings per share. As a group, equities analysts forecast that The Allstate Co. will post 16.45 EPS for the current year.

Allstate Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Friday, November 29th. Allstate’s payout ratio is 23.83%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ALL shares. Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Morgan Stanley lifted their target price on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Jefferies Financial Group upped their price target on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a report on Friday, November 8th. Piper Sandler boosted their target price on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Finally, The Goldman Sachs Group raised 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 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $218.13.

Allstate Company 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.