Nordea Investment Management AB boosted its holdings in The Allstate Co. (NYSE:ALL – Free Report) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,086 shares of the insurance provider’s stock after acquiring an additional 631 shares during the period. Nordea Investment Management AB’s holdings in Allstate were worth $10,397,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in the business. FSA Wealth Management LLC bought a new position in shares of Allstate in the third quarter valued at about $26,000. Northwest Investment Counselors LLC acquired a new position in Allstate in the 3rd quarter valued at about $28,000. Catalyst Capital Advisors LLC bought a new position in Allstate in the 3rd quarter valued at about $29,000. Transamerica Financial Advisors Inc. acquired a new stake in Allstate during the third quarter worth approximately $58,000. Finally, Versant Capital Management Inc grew its position in shares of Allstate by 146.2% in the fourth quarter. Versant Capital Management Inc now owns 384 shares of the insurance provider’s stock valued at $74,000 after purchasing an additional 228 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price target on Allstate from $222.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Wells Fargo & Company upped their price target on shares of Allstate from $175.00 to $186.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Bank of America lifted their price objective on shares of Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Piper Sandler increased their target price on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Finally, UBS Group lifted their price target on shares of Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Allstate has a consensus rating of “Moderate Buy” and an average target price of $216.94.
Allstate Trading Up 2.9 %
ALL opened at $191.45 on Thursday. The company has a market cap of $50.70 billion, a P/E ratio of 12.40, a PEG ratio of 1.70 and a beta of 0.52. 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’s 50 day moving average is $195.81 and its 200-day moving average is $185.19. The Allstate Co. has a 1-year low of $148.23 and a 1-year high of $209.88.
Allstate (NYSE:ALL – Get Free Report) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The firm had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter last year, the business posted $0.81 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. Equities research analysts predict that The Allstate Co. will post 16.26 earnings per share for the current fiscal year.
Allstate Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were issued a $0.92 dividend. 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 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.
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