The Allstate Co. (NYSE:ALL) Shares Purchased by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC increased its stake in shares of The Allstate Co. (NYSE:ALL) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,434 shares of the insurance provider’s stock after purchasing an additional 918 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Allstate were worth $3,361,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ALL. Decker Retirement Planning Inc. acquired a new stake in Allstate in the fourth quarter valued at $4,712,000. Empirical Asset Management LLC acquired a new stake in Allstate in the fourth quarter valued at $4,930,000. Carnegie Investment Counsel lifted its holdings in Allstate by 116.9% in the fourth quarter. Carnegie Investment Counsel now owns 2,562 shares of the insurance provider’s stock valued at $494,000 after acquiring an additional 1,381 shares during the period. Gateway Investment Advisers LLC lifted its holdings in Allstate by 2.4% in the fourth quarter. Gateway Investment Advisers LLC now owns 29,744 shares of the insurance provider’s stock valued at $5,734,000 after acquiring an additional 690 shares during the period. Finally, Essex Savings Bank acquired a new stake in Allstate in the fourth quarter valued at $208,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ALL has been the subject of a number of recent analyst reports. Piper Sandler raised their target price on Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Bank of America raised their price target on Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. raised their price target on Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods raised their price target on Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $218.13.

Allstate Stock Up 1.7 %

Shares of NYSE:ALL opened at $191.24 on Friday. The stock’s 50-day moving average price is $195.87 and its two-hundred day moving average price is $186.08. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43. The Allstate Co. has a 12-month low of $150.17 and a 12-month high of $209.88. The firm has a market cap of $50.64 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 1.35 and a beta of 0.52.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. The firm had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the company earned $0.81 EPS. On average, research analysts forecast that The Allstate Co. will post 16.45 EPS for the current year.

Allstate Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s dividend payout ratio (DPR) is presently 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.