Harrell Investment Partners LLC Grows Stock Position in The Allstate Co. (NYSE:ALL)

Harrell Investment Partners LLC boosted its holdings in The Allstate Co. (NYSE:ALL) by 2.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 8,808 shares of the insurance provider’s stock after acquiring an additional 244 shares during the period. Harrell Investment Partners LLC’s holdings in Allstate were worth $1,698,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Piper Sandler lifted their price objective on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Wells Fargo & Company lifted their price target on shares of Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Evercore ISI raised shares of Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group raised their target price on shares of Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. boosted their price target on Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Allstate presently has an average rating of “Moderate Buy” and a consensus target price of $218.13.

Allstate Trading Up 0.7 %

Shares of ALL stock opened at $185.97 on Friday. The Allstate Co. has a fifty-two week low of $153.42 and a fifty-two week high of $209.88. The firm’s 50 day moving average price is $194.70 and its two-hundred day moving average price is $187.27. The stock has a market cap of $49.25 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 1.41 and a beta of 0.52. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, topping 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 analysts’ expectations of $14.57 billion. During the same period in the prior year, the company earned $0.81 EPS. The firm’s revenue was up 14.7% on a year-over-year basis. On average, analysts anticipate that The Allstate Co. will post 16.83 EPS for the current year.

Allstate Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.98%. Allstate’s dividend payout ratio (DPR) is currently 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.