Y.D. More Investments Ltd Boosts Stock Position in The Allstate Co. (NYSE:ALL)

Y.D. More Investments Ltd increased its stake in shares of The Allstate Co. (NYSE:ALL) by 125.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 329 shares of the insurance provider’s stock after acquiring an additional 183 shares during the quarter. Y.D. More Investments Ltd’s holdings in Allstate were worth $63,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ALL. FSA Wealth Management LLC purchased a new position in shares of Allstate during the 3rd quarter worth $26,000. Northwest Investment Counselors LLC acquired a new stake in Allstate during the third quarter worth about $28,000. Catalyst Capital Advisors LLC purchased a new position in Allstate during the third quarter worth about $29,000. Peoples Bank KS acquired a new position in Allstate in the 4th quarter valued at about $49,000. Finally, Transamerica Financial Advisors Inc. purchased a new stake in shares of Allstate in the 3rd quarter valued at approximately $58,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Performance

NYSE:ALL opened at $192.92 on Thursday. The company has a market cap of $51.09 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43. The Allstate Co. has a 52 week low of $153.87 and a 52 week high of $209.88. The company has a fifty day simple moving average of $193.38 and a two-hundred day simple moving average of $188.81.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share for the quarter, topping the consensus estimate of $5.40 by $2.27. Allstate had a return on equity of 26.67% and a net margin of 6.77%. As a group, equities analysts anticipate that The Allstate Co. will post 16.96 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were paid 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 yield of 1.91%. Allstate’s dividend payout ratio is currently 23.83%.

Analysts Set New Price Targets

Several analysts have recently commented on ALL shares. Keefe, Bruyette & Woods lifted their price target on shares of Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Piper Sandler lifted their target price on Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. increased their price target on Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Barclays reduced their price objective on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a report on Monday, January 6th. Finally, Evercore ISI raised shares of Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus 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.