Simon Quick Advisors LLC Buys 1,220 Shares of The Allstate Co. (NYSE:ALL)

Simon Quick Advisors LLC raised its position in shares of The Allstate Co. (NYSE:ALL) by 61.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,191 shares of the insurance provider’s stock after purchasing an additional 1,220 shares during the period. Simon Quick Advisors LLC’s holdings in Allstate were worth $615,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. AE Wealth Management LLC increased its holdings in Allstate by 182.0% in the 2nd quarter. AE Wealth Management LLC now owns 5,144 shares of the insurance provider’s stock worth $821,000 after acquiring an additional 3,320 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Allstate by 4.6% in the second quarter. Pacer Advisors Inc. now owns 18,804 shares of the insurance provider’s stock worth $3,002,000 after purchasing an additional 827 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Allstate by 3.7% in the second quarter. ProShare Advisors LLC now owns 62,679 shares of the insurance provider’s stock valued at $10,007,000 after purchasing an additional 2,256 shares during the period. Frank Rimerman Advisors LLC purchased a new stake in shares of Allstate during the 2nd quarter valued at approximately $364,000. Finally, Public Sector Pension Investment Board boosted its holdings in Allstate by 8.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 44,756 shares of the insurance provider’s stock worth $7,146,000 after buying an additional 3,541 shares during the period. 76.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ALL has been the topic of a number of analyst reports. Piper Sandler boosted their target price on shares of Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Bank of America increased their price objective on Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods lifted their target price on Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a report on Friday, January 10th. BMO Capital Markets increased their price target on shares of Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Finally, The Goldman Sachs Group boosted their price objective on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Allstate currently has a consensus rating of “Moderate Buy” and an average target price of $218.13.

Allstate Stock Performance

NYSE:ALL opened at $185.05 on Thursday. The company has a market capitalization of $49.00 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 1.42 and a beta of 0.52. The business has a 50 day moving average of $195.39 and a 200 day moving average of $187.12. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The Allstate Co. has a 1-year low of $153.42 and a 1-year high of $209.88.

Allstate (NYSE:ALL) last announced 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. The company had revenue of $16.63 billion during the quarter, compared to analysts’ expectations of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 EPS. On average, sell-side analysts predict that The Allstate Co. will post 16.72 earnings per share for the current fiscal year.

Allstate Announces Dividend

The business also recently disclosed 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 was Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.99%. Allstate’s dividend payout ratio is currently 23.83%.

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.