The Allstate Co. (NYSE:ALL) Shares Purchased by Peterson Wealth Services

Peterson Wealth Services grew its holdings in shares of The Allstate Co. (NYSE:ALL) by 8.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,379 shares of the insurance provider’s stock after buying an additional 108 shares during the period. Peterson Wealth Services’ holdings in Allstate were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. FSA Wealth Management LLC purchased a new position in Allstate in the third quarter worth $26,000. Northwest Investment Counselors LLC acquired a new position in shares of Allstate during the 3rd quarter worth $28,000. Catalyst Capital Advisors LLC purchased a new position in shares of Allstate in the 3rd quarter valued at about $29,000. Peoples Bank KS acquired a new stake in shares of Allstate in the fourth quarter valued at about $49,000. Finally, Stonebridge Financial Group LLC purchased a new stake in Allstate during the fourth quarter worth about $53,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALL has been the subject of a number of research analyst reports. Piper Sandler increased their target price on shares of Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Bank of America lifted their price objective on Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Barclays dropped their price target on Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research report on Monday, January 6th. Morgan Stanley increased their price objective 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. Finally, UBS Group lifted their target price on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.13.

Allstate Price Performance

Shares of NYSE:ALL opened at $186.57 on Tuesday. The business has a fifty day simple moving average of $192.41 and a 200-day simple moving average of $189.19. 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 $49.40 billion, a P/E 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 data on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, beating 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%. Equities research analysts forecast that The Allstate Co. will post 18.64 EPS for the current year.

Allstate Announces Dividend

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. 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 1.97%. Allstate’s dividend payout ratio (DPR) is presently 21.66%.

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.