Oak Thistle LLC Buys New Shares in The Allstate Co. (NYSE:ALL)

Oak Thistle LLC purchased a new position in shares of The Allstate Co. (NYSE:ALL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,330 shares of the insurance provider's stock, valued at approximately $449,000.

A number of other hedge funds have also added to or reduced their stakes in ALL. Pathway Financial Advisers LLC boosted its holdings in shares of 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 in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Allstate by 18.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider's stock worth $569,114,000 after buying an additional 472,040 shares during the last quarter. AQR Capital Management LLC boosted its stake in Allstate by 181.6% in the second quarter. AQR Capital Management LLC now owns 719,997 shares of the insurance provider's stock valued at $114,955,000 after buying an additional 464,337 shares in the last quarter. TimesSquare Capital Management LLC bought a new position in Allstate in the third quarter valued at about $77,819,000. Finally, Los Angeles Capital Management LLC raised its stake in Allstate by 688.4% during the third quarter. Los Angeles Capital Management LLC now owns 460,282 shares of the insurance provider's stock worth $87,292,000 after acquiring an additional 401,901 shares in the last quarter. 76.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ALL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on shares of Allstate from $205.00 to $207.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. UBS Group raised their target price on shares of Allstate from $216.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Keefe, Bruyette & Woods boosted their target price on shares of Allstate from $235.00 to $243.00 and gave the stock an "outperform" rating in a research note on Friday, January 10th. Barclays dropped their price target on Allstate from $187.00 to $183.00 and set an "underweight" rating for the company in a research note on Monday, January 6th. Finally, Piper Sandler boosted their price objective on Allstate from $206.00 to $244.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $218.13.

Allstate Trading Down 1.2 %

Allstate stock traded down $2.25 during mid-day trading on Friday, hitting $188.85. 1,518,986 shares of the stock were exchanged, compared to its average volume of 2,156,026. The stock has a market capitalization of $50.01 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.35 and a beta of 0.52. The Allstate Co. has a 12 month low of $150.17 and a 12 month high of $209.88. 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 firm's fifty day simple moving average is $195.89 and its two-hundred day simple moving average is $186.12.

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

Allstate Dividend Announcement

The firm also recently announced 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 of this dividend was Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.95%. Allstate's payout ratio is 23.83%.

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.