Encompass Wealth Advisors LLC bought a new stake in The Allstate Co. (NYSE:ALL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 400 shares of the insurance provider’s stock, valued at approximately $44,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Resources Investment Advisors LLC. grew its position in shares of The Allstate by 3.8% during the fourth quarter. Resources Investment Advisors LLC. now owns 2,634 shares of the insurance provider’s stock worth $290,000 after buying an additional 97 shares in the last quarter. Alpha Omega Wealth Management LLC increased its position in shares of The Allstate by 0.9% in the 4th quarter. Alpha Omega Wealth Management LLC now owns 11,029 shares of the insurance provider’s stock valued at $1,212,000 after purchasing an additional 100 shares during the last quarter. FCA Corp TX lifted its holdings in The Allstate by 0.4% during the 4th quarter. FCA Corp TX now owns 22,475 shares of the insurance provider’s stock worth $2,471,000 after buying an additional 100 shares during the last quarter. Unison Advisors LLC raised its position in shares of The Allstate by 0.6% during the 4th quarter. Unison Advisors LLC now owns 17,808 shares of the insurance provider’s stock worth $1,967,000 after acquiring an additional 101 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in The Allstate by 1.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 5,439 shares of the insurance provider’s stock valued at $598,000 after purchasing an additional 103 shares during the last quarter. Institutional investors own 76.95% of the company’s stock.
Shares of ALL opened at $116.38 on Thursday. The company has a 50-day moving average of $112.04 and a two-hundred day moving average of $103.80. The stock has a market cap of $35.25 billion, a P/E ratio of 8.16, a PEG ratio of 1.14 and a beta of 0.81. The Allstate Co. has a 12-month low of $84.97 and a 12-month high of $118.30. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.26.
The Allstate (NYSE:ALL) last announced its earnings results on Tuesday, February 2nd. The insurance provider reported $5.87 EPS for the quarter, beating analysts’ consensus estimates of $3.81 by $2.06. The Allstate had a return on equity of 16.70% and a net margin of 10.68%. The firm had revenue of $11.34 billion for the quarter, compared to analysts’ expectations of $9.43 billion. During the same quarter in the prior year, the firm earned $3.13 EPS. As a group, analysts forecast that The Allstate Co. will post 12.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 1st. Shareholders of record on Thursday, March 4th were issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.78%. This is a positive change from The Allstate’s previous quarterly dividend of $0.54. The ex-dividend date was Wednesday, March 3rd. The Allstate’s dividend payout ratio is 31.06%.
Several research analysts have recently issued reports on ALL shares. Raymond James upped their target price on shares of The Allstate from $125.00 to $135.00 and gave the company a “strong-buy” rating in a report on Tuesday, March 30th. Barclays increased their price objective on The Allstate from $115.00 to $125.00 in a report on Thursday, January 28th. Keefe, Bruyette & Woods cut shares of The Allstate from an “outperform” rating to a “market perform” rating in a report on Thursday, February 11th. Citigroup boosted their price target on The Allstate from $128.00 to $135.00 in a research report on Wednesday, March 31st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on The Allstate from $115.00 to $120.00 and gave the company a “hold” rating in a research note on Monday, February 8th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $121.27.
The Allstate Profile
The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Protection Services, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home and stand-alone scheduled personal property; and commercial lines products under the Allstate and Encompass brand names.
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