293 Shares in The Allstate Co. (NYSE:ALL) Bought by Golden State Wealth Management LLC

Golden State Wealth Management LLC bought a new stake in shares of The Allstate Co. (NYSE:ALL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 293 shares of the insurance provider’s stock, valued at approximately $57,000.

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

Allstate Stock Performance

NYSE:ALL opened at $186.57 on Tuesday. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42. The Allstate Co. has a 12-month low of $153.87 and a 12-month high of $209.88. The stock has a 50-day moving average price of $192.41 and a 200 day moving average price of $189.19. The stock has a market capitalization 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.

Allstate (NYSE:ALL) last issued 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 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 fiscal year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders 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 annualized dividend and a dividend yield of 1.97%. Allstate’s dividend payout ratio (DPR) is 21.66%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ALL. Morgan Stanley increased their price objective on Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group raised their target price on shares of Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Barclays decreased their target price on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company lifted their price objective on Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Finally, Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. 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. According to MarketBeat.com, Allstate has a consensus rating of “Moderate Buy” and an average price target of $218.13.

About Allstate

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.