Avanza Fonder AB Invests $4.30 Million in The Allstate Co. (NYSE:ALL)

Avanza Fonder AB purchased a new stake in shares of The Allstate Co. (NYSE:ALL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,298 shares of the insurance provider's stock, valued at approximately $4,299,000.

Other large investors have also bought and sold shares of the company. FSA Wealth Management LLC bought a new position in Allstate during the third quarter valued at about $26,000. Northwest Investment Counselors LLC bought a new position in Allstate during the third quarter valued at about $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Allstate in the 3rd quarter valued at $29,000. Peoples Bank KS acquired a new position in shares of Allstate in the 4th quarter valued at $49,000. Finally, Transamerica Financial Advisors Inc. acquired a new position in shares of Allstate in the 3rd quarter valued at $58,000. Institutional investors own 76.47% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ALL shares. Piper Sandler increased their price target on Allstate from $206.00 to $244.00 and gave the company an "overweight" rating in a research report on Tuesday, November 26th. Evercore ISI upgraded Allstate from an "in-line" rating to an "outperform" rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. increased 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. Wells Fargo & Company increased their price target on Allstate from $186.00 to $187.00 and gave the company an "equal weight" rating in a research report on Tuesday. Finally, UBS Group increased their price target on Allstate from $216.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Allstate currently has a consensus rating of "Moderate Buy" and an average price target of $218.13.

Allstate Stock Performance

Shares of ALL stock traded down $2.25 during trading on Friday, reaching $188.85. The company had a trading volume of 1,518,986 shares, compared to its average volume of 1,271,858. The firm's 50 day simple moving average is $195.73 and its two-hundred day simple moving average is $186.32. 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 one year low of $150.17 and a one year high of $209.88. The company has a market capitalization of $50.01 billion, a PE ratio of 12.23, a PEG ratio of 1.35 and a beta of 0.52.

Allstate (NYSE:ALL - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, beating analysts' consensus estimates of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The business had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same period last year, the business earned $0.81 EPS. The firm's revenue was up 14.7% compared to the same quarter last year. Sell-side analysts forecast that The Allstate Co. will post 16.45 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. Shareholders of record on Friday, November 29th were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Friday, November 29th. Allstate's dividend payout ratio (DPR) is currently 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.