2,881 Shares in The Allstate Co. (NYSE:ALL) Acquired by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC purchased a new stake in shares of The Allstate Co. (NYSE:ALL) during the fourth quarter, Holdings Channel.com reports. The firm purchased 2,881 shares of the insurance provider’s stock, valued at approximately $555,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. FSA Wealth Management LLC purchased a new position in Allstate in the 3rd quarter worth $26,000. Northwest Investment Counselors LLC acquired a new position in shares of Allstate in the third quarter valued at about $28,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Allstate during the third quarter worth about $29,000. Peoples Bank KS purchased a new stake in Allstate in the fourth quarter valued at approximately $49,000. Finally, Transamerica Financial Advisors Inc. acquired a new position in Allstate in the 3rd quarter worth approximately $58,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Stock Down 0.3 %

NYSE ALL opened at $184.63 on Friday. The Allstate Co. has a 1 year low of $153.42 and a 1 year high of $209.88. The stock has a market capitalization of $48.89 billion, a PE ratio of 11.96, a PEG ratio of 1.41 and a beta of 0.52. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The business’s 50-day moving average is $195.15 and its 200 day moving average is $187.10.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same period in the previous year, the firm earned $0.81 earnings per share. The business’s revenue was up 14.7% compared to the same quarter last year. Sell-side analysts forecast that The Allstate Co. will post 16.83 earnings per share for the current year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were given a $0.92 dividend. The ex-dividend date was Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.99%. Allstate’s dividend payout ratio is 23.83%.

Analysts Set New Price Targets

Several analysts have commented on ALL shares. Jefferies Financial Group lifted their price objective on shares of Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Bank of America raised their price objective on shares of Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Morgan Stanley boosted 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. JPMorgan Chase & Co. raised their price target on shares of Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, BMO Capital Markets upped their price objective on shares of Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. One 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.