IVC Wealth Advisors LLC Has $1.84 Million Holdings in The Allstate Co. (NYSE:ALL)

IVC Wealth Advisors LLC trimmed its holdings in The Allstate Co. (NYSE:ALL) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,541 shares of the insurance provider’s stock after selling 408 shares during the period. Allstate accounts for about 1.0% of IVC Wealth Advisors LLC’s portfolio, making the stock its 18th biggest holding. IVC Wealth Advisors LLC’s holdings in Allstate were worth $1,839,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ALL. SPC Financial Inc. lifted its holdings in Allstate by 3.6% during the 3rd quarter. SPC Financial Inc. now owns 1,564 shares of the insurance provider’s stock worth $297,000 after purchasing an additional 54 shares during the last quarter. Lake Street Advisors Group LLC lifted its holdings in shares of Allstate by 1.8% during the third quarter. Lake Street Advisors Group LLC now owns 3,129 shares of the insurance provider’s stock worth $596,000 after buying an additional 54 shares in the last quarter. Abacus Planning Group Inc. boosted its position in shares of Allstate by 2.4% in the third quarter. Abacus Planning Group Inc. now owns 2,416 shares of the insurance provider’s stock valued at $458,000 after acquiring an additional 56 shares during the period. Chicago Partners Investment Group LLC grew its stake in shares of Allstate by 1.3% in the third quarter. Chicago Partners Investment Group LLC now owns 4,630 shares of the insurance provider’s stock valued at $893,000 after acquiring an additional 59 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. increased its position in Allstate by 15.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 460 shares of the insurance provider’s stock worth $87,000 after acquiring an additional 60 shares during the period. 76.47% of the stock is currently owned by institutional investors.

Allstate Stock Performance

Shares of Allstate stock opened at $184.63 on Friday. The business has a 50-day moving average price of $195.15 and a two-hundred day moving average price of $187.10. The Allstate Co. has a 1-year low of $153.42 and a 1-year high of $209.88. 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 company has a market cap of $48.89 billion, a P/E ratio of 11.96, a PEG ratio of 1.45 and a beta of 0.52.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping the consensus estimate of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The business had revenue of $16.63 billion during the quarter, compared to analysts’ expectations of $14.57 billion. During the same quarter last year, the firm posted $0.81 earnings per share. The firm’s revenue was up 14.7% on a year-over-year basis. As a group, analysts anticipate that The Allstate Co. will post 16.72 EPS for the current 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 given a dividend of $0.92 per share. The ex-dividend date was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.99%. Allstate’s payout ratio is presently 23.83%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ALL. BMO Capital Markets raised their target price on shares of Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Piper Sandler raised their price objective on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. Wells Fargo & Company upped their target price on Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods boosted their price target on Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently 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.