The Allstate Co. (NYSE:ALL) Position Lifted by Spire Wealth Management

Spire Wealth Management lifted its position in shares of The Allstate Co. (NYSE:ALL) by 30.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,926 shares of the insurance provider’s stock after acquiring an additional 3,462 shares during the period. Spire Wealth Management’s holdings in Allstate were worth $2,878,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. FSA Wealth Management LLC bought a new stake in shares of Allstate during the third quarter valued at about $26,000. Northwest Investment Counselors LLC acquired a new stake in shares of Allstate during the third quarter valued at approximately $28,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Allstate in the third quarter valued at $29,000. Peoples Bank KS acquired a new stake in Allstate during the 4th quarter worth about $49,000. Finally, Transamerica Financial Advisors Inc. purchased a new position in Allstate during the third quarter valued at approximately $58,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ALL shares. Piper Sandler lifted their target price on shares of Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. UBS Group boosted their target price on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Keefe, Bruyette & Woods raised their price objective on Allstate from $235.00 to $243.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Bank of America upped their target price 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. Finally, BMO Capital Markets increased their price objective on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Allstate has a consensus rating of “Moderate Buy” and an average price target of $218.13.

Allstate Stock Down 0.6 %

Allstate stock opened at $192.60 on Monday. The Allstate Co. has a twelve month low of $153.42 and a twelve month high of $209.88. 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 company has a 50 day moving average of $193.92 and a 200-day moving average of $188.46. The stock has a market capitalization of $51.00 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 1.45 and a beta of 0.52.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Friday, November 29th. Allstate’s dividend payout ratio is 23.83%.

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.