International Assets Investment Management LLC Purchases Shares of 75,303 The Allstate Co. (NYSE:ALL)

International Assets Investment Management LLC acquired a new position in The Allstate Co. (NYSE:ALL) in the 4th quarter, Holdings Channel reports. The firm acquired 75,303 shares of the insurance provider’s stock, valued at approximately $14,518,000. Allstate comprises approximately 0.7% of International Assets Investment Management LLC’s holdings, making the stock its 18th biggest holding.

A number of other hedge funds have also made changes to their positions in the business. FSA Wealth Management LLC acquired a new position in shares of Allstate during the third quarter worth $26,000. Northwest Investment Counselors LLC acquired a new position in shares of Allstate in the 3rd quarter valued at about $28,000. Catalyst Capital Advisors LLC bought a new stake in shares of Allstate during the 3rd quarter valued at about $29,000. Peoples Bank KS acquired a new stake in Allstate during the fourth quarter worth about $49,000. Finally, Transamerica Financial Advisors Inc. bought a new position in Allstate in the third quarter worth about $58,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wells Fargo & Company raised their price target on Allstate from $175.00 to $186.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Piper Sandler increased their price objective on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. 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 note on Friday, October 18th. BMO Capital Markets raised their price target on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Finally, Raymond James boosted their price objective on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $216.94.

Allstate Stock Up 0.6 %

NYSE ALL traded up $1.05 during trading on Wednesday, reaching $187.09. 405,003 shares of the company’s stock were exchanged, compared to its average volume of 1,645,289. The company’s fifty day simple moving average is $195.77 and its 200-day simple moving average is $185.14. 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 firm has a market capitalization of $49.54 billion, a PE ratio of 12.12, a P/E/G ratio of 1.70 and a beta of 0.52. The Allstate Co. has a fifty-two week low of $148.23 and a fifty-two week high of $209.88.

Allstate (NYSE:ALL) last posted its quarterly earnings data 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. The business had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. Allstate’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 EPS. Sell-side analysts predict that The Allstate Co. will post 16.26 EPS for the current year.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were paid a $0.92 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.97%. Allstate’s payout ratio is 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.