Buck Wealth Strategies LLC Buys New Shares in The Allstate Co. (NYSE:ALL)

Buck Wealth Strategies LLC purchased a new position in shares of The Allstate Co. (NYSE:ALL) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 1,468 shares of the insurance provider’s stock, valued at approximately $283,000.

Several other hedge funds have also recently made changes to their positions in ALL. Bleakley Financial Group LLC grew its stake in Allstate by 13.0% during the fourth quarter. Bleakley Financial Group LLC now owns 6,600 shares of the insurance provider’s stock worth $1,272,000 after purchasing an additional 760 shares during the period. YANKCOM Partnership bought a new position in shares of Allstate during the 4th quarter worth approximately $832,000. Confluence Wealth Services Inc. grew its position in shares of Allstate by 5.6% during the 4th quarter. Confluence Wealth Services Inc. now owns 7,946 shares of the insurance provider’s stock worth $1,467,000 after buying an additional 419 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Allstate by 38.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,632 shares of the insurance provider’s stock valued at $4,385,000 after acquiring an additional 6,235 shares in the last quarter. Finally, Y.D. More Investments Ltd lifted its position in shares of Allstate by 125.3% during the 4th quarter. Y.D. More Investments Ltd now owns 329 shares of the insurance provider’s stock valued at $63,000 after acquiring an additional 183 shares during the period. 76.47% of the stock is owned by institutional investors.

Allstate Stock Up 1.1 %

Allstate stock opened at $192.92 on Thursday. The Allstate Co. has a fifty-two week low of $153.87 and a fifty-two week high of $209.88. 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 simple moving average is $193.08 and its 200 day simple moving average is $188.84. The stock has a market cap of $51.09 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52.

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

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s dividend payout ratio is presently 23.83%.

Wall Street Analysts Forecast Growth

ALL has been the subject of several research analyst reports. Bank of America lifted their price target 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. Morgan Stanley boosted their target price on Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. BMO Capital Markets increased their price target on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. The Goldman Sachs Group boosted their price objective on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Wells Fargo & Company increased their target price on Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $218.13.

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.