PFG Investments LLC Acquires 264 Shares of The Allstate Co. (NYSE:ALL)

PFG Investments LLC increased its position in The Allstate Co. (NYSE:ALL) by 4.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,069 shares of the insurance provider’s stock after buying an additional 264 shares during the quarter. PFG Investments LLC’s holdings in Allstate were worth $1,170,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ALL. FSA Wealth Management LLC bought a new position in shares of Allstate during the 3rd quarter valued at about $26,000. Northwest Investment Counselors LLC purchased a new stake in shares of Allstate during the 3rd quarter valued at about $28,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Allstate during the 3rd quarter valued at about $29,000. Peoples Bank KS purchased a new stake in shares of Allstate during the 4th quarter valued at about $49,000. Finally, Transamerica Financial Advisors Inc. purchased a new stake in shares of Allstate during the 3rd quarter valued at about $58,000. Institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

NYSE ALL opened at $191.21 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40. The firm’s 50 day moving average price is $194.56 and its 200-day moving average price is $187.88. The Allstate Co. has a 52-week low of $153.42 and a 52-week high of $209.88. The company has a market cap of $50.63 billion, a PE ratio of 12.38, a P/E/G ratio of 1.41 and a beta of 0.52.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The firm had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same period last year, the firm earned $0.81 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. Sell-side analysts forecast that The Allstate Co. will post 16.83 EPS for the current fiscal year.

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were paid a dividend of $0.92 per share. 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 1.92%. Allstate’s dividend payout ratio is presently 23.83%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. The Goldman Sachs Group upped their target price on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 15th. UBS Group upped their target price on shares of Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Keefe, Bruyette & Woods increased their price objective on shares of Allstate from $235.00 to $243.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Evercore ISI raised shares of Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. 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 report on Thursday, October 10th. One 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.