Guerra Pan Advisors LLC Purchases New Holdings in The Allstate Co. (NYSE:ALL)

Guerra Pan Advisors LLC purchased a new stake in The Allstate Co. (NYSE:ALL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,377 shares of the insurance provider's stock, valued at approximately $651,000.

Several other hedge funds have also recently bought and sold shares of ALL. State Street Corp grew its holdings in shares of Allstate by 1.1% during the third quarter. State Street Corp now owns 11,496,306 shares of the insurance provider's stock worth $2,190,758,000 after purchasing an additional 126,922 shares during the last quarter. Geode Capital Management LLC lifted its position in Allstate by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 6,228,581 shares of the insurance provider's stock valued at $1,178,164,000 after acquiring an additional 74,537 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Allstate by 18.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider's stock worth $569,114,000 after purchasing an additional 472,040 shares in the last quarter. Raymond James & Associates raised its stake in shares of Allstate by 10.6% during the 3rd quarter. Raymond James & Associates now owns 1,517,800 shares of the insurance provider's stock worth $287,851,000 after purchasing an additional 145,986 shares in the last quarter. Finally, Pathway Financial Advisers LLC lifted its stake in Allstate by 18,472.5% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,052,687 shares of the insurance provider's stock valued at $199,642,000 after purchasing an additional 1,047,019 shares during the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Trading Up 0.7 %

NYSE ALL traded up $1.31 during trading on Friday, hitting $185.97. 1,215,509 shares of the company's stock traded hands, compared to its average volume of 1,532,021. 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 12-month low of $153.42 and a 12-month high of $209.88. The stock has a fifty day moving average of $194.70 and a two-hundred day moving average of $187.47. The firm has a market cap of $49.25 billion, a P/E ratio of 12.04, a PEG ratio of 1.41 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 EPS for the quarter, topping the consensus estimate of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The business had revenue of $16.63 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same period in the prior year, the business earned $0.81 EPS. The company's revenue for the quarter was up 14.7% on a year-over-year basis. As a group, sell-side analysts expect that The Allstate Co. will post 16.83 EPS for the current year.

Allstate Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a yield of 1.98%. Allstate's dividend payout ratio (DPR) is 23.83%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ALL shares. Piper Sandler boosted their price target on Allstate from $206.00 to $244.00 and gave the company an "overweight" rating in a research note on Tuesday, November 26th. UBS Group upped their price objective on shares of Allstate from $216.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, November 4th. BMO Capital Markets upped their target price on Allstate from $205.00 to $214.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. Morgan Stanley boosted their price target on shares of Allstate from $220.00 to $228.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Finally, Evercore ISI raised Allstate from an "in-line" rating to an "outperform" rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $218.13.

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.