RFG Advisory LLC Invests $218,000 in The Allstate Co. (NYSE:ALL)

RFG Advisory LLC acquired a new position in The Allstate Co. (NYSE:ALL) in the fourth quarter, Holdings Channel.com reports. The fund acquired 1,129 shares of the insurance provider’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALL. FSA Wealth Management LLC acquired a new stake in Allstate during the 3rd quarter worth about $26,000. Northwest Investment Counselors LLC acquired a new stake in shares of Allstate during the third quarter worth about $28,000. Catalyst Capital Advisors LLC acquired a new position in Allstate in the 3rd quarter worth approximately $29,000. Peoples Bank KS purchased a new position in Allstate during the 4th quarter worth approximately $49,000. Finally, Transamerica Financial Advisors Inc. acquired a new stake in Allstate during the 3rd quarter valued at approximately $58,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on ALL shares. Piper Sandler raised their target price on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. 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. Keefe, Bruyette & Woods boosted their price target on Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Wells Fargo & Company raised their price objective on shares of Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Finally, Evercore ISI raised shares of Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $218.13.

Allstate Trading Down 1.0 %

Shares of Allstate stock opened at $191.21 on Wednesday. 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 stock’s 50 day simple moving average is $194.56 and its 200-day simple moving average is $187.88. The stock has a market cap of $50.63 billion, a P/E ratio of 12.38, 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.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the prior year, the firm posted $0.81 earnings per share. Allstate’s quarterly revenue was up 14.7% on a year-over-year basis. Analysts predict that The Allstate Co. will post 16.83 EPS for the current fiscal year.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.92%. Allstate’s dividend payout ratio is currently 23.83%.

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.