Opal Wealth Advisors LLC Makes New $242,000 Investment in The Allstate Co. (NYSE:ALL)

Opal Wealth Advisors LLC bought a new stake in The Allstate Co. (NYSE:ALL) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,255 shares of the insurance provider’s stock, valued at approximately $242,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. FSA Wealth Management LLC bought a new stake in shares of Allstate in the 3rd quarter valued at about $26,000. Northwest Investment Counselors LLC acquired a new position in Allstate in the 3rd quarter valued at about $28,000. Catalyst Capital Advisors LLC acquired a new position in Allstate in the 3rd quarter valued at about $29,000. Peoples Bank KS acquired a new position in Allstate in the 4th quarter valued at about $49,000. Finally, Golden State Wealth Management LLC acquired a new position in Allstate in the 4th quarter valued at about $57,000. 76.47% of the stock is owned by institutional investors.

Allstate Price Performance

Shares of NYSE ALL opened at $186.57 on Tuesday. The Allstate Co. has a twelve month low of $153.87 and a twelve month high of $209.88. The firm has a fifty day simple moving average of $192.41 and a 200 day simple moving average of $189.19. The company has a market capitalization of $49.40 billion, a PE ratio of 10.98, a P/E/G ratio of 1.47 and a beta of 0.52. The company has a quick ratio of 0.40, a current ratio of 0.36 and a debt-to-equity ratio of 0.42.

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

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Friday, November 29th. Allstate’s payout ratio is 21.66%.

Analysts Set New Price Targets

ALL has been the topic of a number of analyst reports. Wells Fargo & Company increased their target price on shares of Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. Morgan Stanley increased their price target on shares of Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Bank of America increased their price objective on shares of Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods increased their price objective on shares of Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Finally, Piper Sandler increased their price objective on shares of Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.