The Allstate Co. (NYSE:ALL) Stake Lifted by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB raised its stake in The Allstate Co. (NYSE:ALL) by 5.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 9,742 shares of the insurance provider’s stock after buying an additional 493 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Allstate were worth $1,878,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ALL. FSA Wealth Management LLC bought a new stake in Allstate in the 3rd quarter valued at about $26,000. Northwest Investment Counselors LLC acquired a new stake in shares of Allstate in the third quarter valued at approximately $28,000. Catalyst Capital Advisors LLC bought a new stake in shares of Allstate during the third quarter valued at approximately $29,000. Peoples Bank KS acquired a new position in shares of Allstate during the fourth quarter worth approximately $49,000. Finally, Golden State Wealth Management LLC bought a new position in Allstate in the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Trading Down 0.9 %

NYSE:ALL opened at $190.24 on Monday. The stock has a fifty day simple moving average of $192.41 and a 200 day simple moving average of $189.07. The company has a quick ratio of 0.40, a current ratio of 0.36 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $50.37 billion, a price-to-earnings ratio of 11.20, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52. The Allstate Co. has a 1-year low of $153.87 and a 1-year high of $209.88.

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

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were issued 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 1.93%. Allstate’s payout ratio is currently 21.66%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ALL shares. Keefe, Bruyette & Woods boosted their price target on Allstate from $235.00 to $243.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. UBS Group upped their price objective on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Morgan Stanley raised their target price on shares of Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Piper Sandler boosted their price target on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Finally, Jefferies Financial Group increased 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 equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $218.13.

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.