Quotient Wealth Partners LLC Acquires 89 Shares of The Allstate Co. (NYSE:ALL)

Quotient Wealth Partners LLC increased its holdings in The Allstate Co. (NYSE:ALL) by 8.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,149 shares of the insurance provider’s stock after acquiring an additional 89 shares during the period. Quotient Wealth Partners LLC’s holdings in Allstate were worth $222,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Allstate by 1.1% during the third quarter. State Street Corp now owns 11,496,306 shares of the insurance provider’s stock valued at $2,190,758,000 after buying an additional 126,922 shares during the last quarter. Geode Capital Management LLC lifted its stake in Allstate by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 6,228,581 shares of the insurance provider’s stock valued at $1,178,164,000 after acquiring an additional 74,537 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Allstate by 18.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider’s stock worth $569,114,000 after acquiring an additional 472,040 shares during the last quarter. Raymond James & Associates grew its stake in shares of Allstate by 10.6% in the 3rd quarter. Raymond James & Associates now owns 1,517,800 shares of the insurance provider’s stock worth $287,851,000 after acquiring an additional 145,986 shares in the last quarter. Finally, Strategic Financial Concepts LLC lifted its position in shares of Allstate by 15,062.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,119,129 shares of the insurance provider’s stock valued at $215,757,000 after purchasing an additional 1,111,748 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

Allstate Stock Down 1.9 %

ALL opened at $186.57 on Tuesday. The company has a 50 day moving average of $192.41 and a 200 day moving average of $189.19. 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 company has a market cap of $49.40 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share for the quarter, beating the consensus estimate of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. On average, sell-side analysts expect that The Allstate Co. will post 18.64 EPS for the current year.

Allstate Dividend Announcement

The business also recently declared 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 1.97%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s dividend payout ratio is presently 21.66%.

Analyst Ratings Changes

ALL has been the subject of a number of recent analyst reports. 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. Jefferies Financial Group increased their price target on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company lifted their price target on Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods upped their price objective on Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Finally, Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Allstate currently has a consensus rating of “Moderate Buy” and a consensus 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.