The Allstate Co. (NYSE:ALL) Shares Purchased by Peterson Wealth Services

Peterson Wealth Services boosted its holdings in shares of The Allstate Co. (NYSE:ALL) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,379 shares of the insurance provider’s stock after acquiring an additional 108 shares during the quarter. Peterson Wealth Services’ holdings in Allstate were worth $266,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ALL. Axecap Investments LLC raised its holdings in Allstate by 5.7% in the 4th quarter. Axecap Investments LLC now owns 18,879 shares of the insurance provider’s stock valued at $3,640,000 after buying an additional 1,010 shares during the period. Stonebridge Financial Group LLC acquired a new stake in shares of Allstate during the fourth quarter valued at about $53,000. Essex Financial Services Inc. lifted its holdings in shares of Allstate by 2.8% in the 4th quarter. Essex Financial Services Inc. now owns 9,188 shares of the insurance provider’s stock worth $1,771,000 after acquiring an additional 250 shares during the last quarter. Sapient Capital LLC boosted its position in shares of Allstate by 1.6% during the 4th quarter. Sapient Capital LLC now owns 4,543 shares of the insurance provider’s stock worth $880,000 after purchasing an additional 73 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new stake in Allstate in the 4th quarter valued at approximately $242,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Down 1.9 %

Allstate stock opened at $186.57 on Tuesday. The stock has a 50-day simple moving average of $192.41 and a 200-day simple moving average of $189.19. The company has a market capitalization of $49.40 billion, a P/E ratio of 10.98, a PEG ratio of 1.47 and a beta of 0.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.40 and a current ratio of 0.36. The Allstate Co. has a fifty-two week low of $153.87 and a fifty-two week high of $209.88.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) 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 expect that The Allstate Co. will post 18.64 earnings per share for the current year.

Allstate Announces Dividend

The firm 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 was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.97%. Allstate’s payout ratio is 21.66%.

Analyst Ratings Changes

ALL has been the topic of a number of research reports. UBS Group upped their price target on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Piper Sandler increased their target price on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. Barclays dropped their target price on Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research report on Monday, January 6th. Bank of America raised their price objective 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, Evercore ISI raised 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 given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.13.

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.