1,522 Shares in The Allstate Co. (NYSE:ALL) Bought by Groesbeck Investment Management Corp NJ

Groesbeck Investment Management Corp NJ bought a new position in shares of The Allstate Co. (NYSE:ALL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,522 shares of the insurance provider’s stock, valued at approximately $293,000.

Several other large investors have also bought and sold shares of ALL. JPMorgan Chase & Co. raised its position in shares of Allstate by 5.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 577,934 shares of the insurance provider’s stock worth $109,605,000 after acquiring an additional 28,584 shares in the last quarter. Ameritas Advisory Services LLC raised its position in shares of Allstate by 117.3% in the 4th quarter. Ameritas Advisory Services LLC now owns 4,896 shares of the insurance provider’s stock worth $944,000 after acquiring an additional 2,643 shares in the last quarter. Hennessy Advisors Inc. raised its position in shares of Allstate by 6.9% in the 4th quarter. Hennessy Advisors Inc. now owns 58,600 shares of the insurance provider’s stock worth $11,297,000 after acquiring an additional 3,800 shares in the last quarter. Artemis Investment Management LLP raised its position in shares of Allstate by 33.3% in the 4th quarter. Artemis Investment Management LLP now owns 401,542 shares of the insurance provider’s stock worth $77,413,000 after acquiring an additional 100,311 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its position in shares of Allstate by 38.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider’s stock worth $2,067,000 after acquiring an additional 2,888 shares in the last quarter. 76.47% of the stock is owned by institutional investors.

Allstate Price Performance

Allstate stock opened at $190.93 on Wednesday. The Allstate Co. has a 52 week low of $153.87 and a 52 week high of $209.88. The company’s 50 day moving average price is $193.72 and its two-hundred day moving average price is $188.69. 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 stock has a market cap of $50.56 billion, a P/E ratio of 12.37, a P/E/G ratio of 1.47 and a beta of 0.52.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were given a dividend of $0.92 per share. The ex-dividend date was Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.93%. Allstate’s dividend payout ratio is currently 23.83%.

Analysts Set New Price Targets

ALL has been the subject of several research reports. Piper Sandler raised their target price on Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. UBS Group raised their target price on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, November 4th. The Goldman Sachs Group raised their target price on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. raised their target price on Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. One equities research 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 stock. Based on data from MarketBeat, the company presently has an average 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.