Strategic Financial Concepts LLC Purchases 1,111,748 Shares of The Allstate Co. (NYSE:ALL)

Strategic Financial Concepts LLC increased its stake in The Allstate Co. (NYSE:ALL - Free Report) by 15,062.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,119,129 shares of the insurance provider's stock after purchasing an additional 1,111,748 shares during the quarter. Strategic Financial Concepts LLC owned about 0.42% of Allstate worth $215,757,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALL. JPMorgan Chase & Co. grew its holdings in Allstate by 5.2% during the third 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 during the period. Ameritas Advisory Services LLC boosted its position in shares of Allstate by 117.3% during the 4th quarter. Ameritas Advisory Services LLC now owns 4,896 shares of the insurance provider's stock valued at $944,000 after purchasing an additional 2,643 shares in the last quarter. Hennessy Advisors Inc. grew its stake 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 purchasing an additional 3,800 shares during the last quarter. Artemis Investment Management LLP raised its holdings 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 purchasing an additional 100,311 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its stake in Allstate by 38.0% during the third quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider's stock valued at $2,067,000 after purchasing an additional 2,888 shares during the last quarter. Institutional investors own 76.47% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Piper Sandler lifted their price target on shares of Allstate from $206.00 to $244.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. lifted their target price on Allstate from $205.00 to $207.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. UBS Group upped their target price on Allstate from $216.00 to $225.00 and gave the company a "buy" rating in a report on Monday, November 4th. Bank of America lifted their price target on Allstate from $216.00 to $233.00 and gave the stock a "buy" rating in a research note on Friday, October 18th. Finally, BMO Capital Markets upped their price objective on shares of Allstate from $205.00 to $214.00 and gave the company an "outperform" rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Allstate currently has an average rating of "Moderate Buy" and an average price target of $218.13.

Allstate Stock Down 0.9 %

Shares of NYSE ALL traded down $1.64 during mid-day trading on Friday, reaching $190.24. The company had a trading volume of 1,928,045 shares, compared to its average volume of 1,777,934. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40. The Allstate Co. has a twelve month low of $153.87 and a twelve month high of $209.88. The stock's 50 day moving average is $192.75 and its 200-day moving average is $188.86. The stock has a market capitalization of $50.37 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52.

Allstate (NYSE:ALL - Get Free Report) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share for the quarter, topping the consensus estimate of $5.40 by $2.27. Allstate had a return on equity of 26.67% and a net margin of 6.77%. As a group, equities analysts anticipate that The Allstate Co. will post 16.96 earnings per share for the current fiscal 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 paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Friday, November 29th. Allstate's dividend payout ratio (DPR) is presently 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.