The Allstate Co. (NYSE:ALL) Shares Purchased by Wilsey Asset Management Inc.

Wilsey Asset Management Inc. raised its holdings in The Allstate Co. (NYSE:ALL) by 0.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 182,961 shares of the insurance provider’s stock after buying an additional 264 shares during the period. Allstate comprises about 6.5% of Wilsey Asset Management Inc.’s holdings, making the stock its 7th largest position. Wilsey Asset Management Inc. owned approximately 0.07% of Allstate worth $35,273,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Strategic Financial Concepts LLC lifted its stake in Allstate by 15,062.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,119,129 shares of the insurance provider’s stock valued at $215,757,000 after acquiring an additional 1,111,748 shares in the last quarter. Pathway Financial Advisers LLC raised its stake in shares of Allstate by 18,472.5% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,052,687 shares of the insurance provider’s stock worth $199,642,000 after purchasing an additional 1,047,019 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Allstate by 18.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider’s stock worth $569,114,000 after buying an additional 472,040 shares during the last quarter. TimesSquare Capital Management LLC bought a new position in Allstate during the third quarter valued at about $77,819,000. Finally, Los Angeles Capital Management LLC increased its holdings in Allstate by 688.4% during the third quarter. Los Angeles Capital Management LLC now owns 460,282 shares of the insurance provider’s stock worth $87,292,000 after buying an additional 401,901 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Down 0.9 %

ALL opened at $190.24 on Monday. The firm has a market capitalization of $50.37 billion, a P/E ratio of 11.20, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52. The Allstate Co. has a one year low of $153.87 and a one year high of $209.88. The company has a fifty day moving average price of $192.41 and a 200-day moving average price of $189.07. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.36 and a quick ratio of 0.40.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share for the quarter, topping analysts’ consensus estimates of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. Equities research analysts expect that The Allstate Co. will post 18.64 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Friday, November 29th. Allstate’s dividend payout ratio is currently 21.66%.

Wall Street Analyst Weigh In

ALL has been the topic of a number of research analyst reports. Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Bank of America raised their target price on Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Wells Fargo & Company upped their price target on Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. UBS Group lifted their price objective on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Jefferies Financial Group upped their price objective on shares of Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $218.13.

About Allstate

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.