The Allstate Co. (NYSE:ALL) Shares Acquired by Y.D. More Investments Ltd

Y.D. More Investments Ltd lifted its position in The Allstate Co. (NYSE:ALL) by 125.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 329 shares of the insurance provider’s stock after acquiring an additional 183 shares during the period. Y.D. More Investments Ltd’s holdings in Allstate were worth $63,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Groesbeck Investment Management Corp NJ acquired a new position in shares of Allstate in the fourth quarter valued at about $293,000. Mather Group LLC. boosted its position in Allstate by 1.7% in the fourth quarter. Mather Group LLC. now owns 3,616 shares of the insurance provider’s stock valued at $697,000 after buying an additional 62 shares during the last quarter. Longboard Asset Management LP acquired a new position in Allstate in the 4th quarter worth approximately $251,000. Vantage Point Financial LLC purchased a new position in Allstate during the 4th quarter worth approximately $278,000. Finally, GDS Wealth Management lifted its stake in Allstate by 3.8% during the 4th quarter. GDS Wealth Management now owns 89,233 shares of the insurance provider’s stock valued at $17,203,000 after acquiring an additional 3,271 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Stock Performance

ALL opened at $192.92 on Thursday. The firm’s fifty day simple moving average is $193.38 and its two-hundred day simple moving average is $188.81. The Allstate Co. has a 52-week low of $153.87 and a 52-week high of $209.88. The company has a market cap of $51.09 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 1.47 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 issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $5.40 by $2.27. Allstate had a net margin of 6.77% and a return on equity of 26.67%. Equities analysts anticipate that The Allstate Co. will post 16.96 earnings per share for the current fiscal year.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s dividend payout ratio is presently 23.83%.

Analyst Upgrades and Downgrades

ALL has been the topic of a number of research reports. The Goldman Sachs Group increased their price objective on shares of Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Piper Sandler increased their price target on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods boosted their price objective on Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Jefferies Financial Group raised their target price on Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Bank of America lifted their price target on Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research report on Friday, October 18th. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Allstate has a consensus rating of “Moderate Buy” and an average target price of $218.13.

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.