Vantage Point Financial LLC Takes Position in The Allstate Co. (NYSE:ALL)

Allstate logo with Finance background

Vantage Point Financial LLC acquired a new stake in shares of The Allstate Co. (NYSE:ALL - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,443 shares of the insurance provider's stock, valued at approximately $278,000.

A number of other hedge funds have also recently bought and sold shares of the company. FSA Wealth Management LLC purchased a new position in Allstate in the third quarter worth $26,000. Northwest Investment Counselors LLC purchased a new position in shares of Allstate in the 3rd quarter worth about $28,000. Catalyst Capital Advisors LLC bought a new position in Allstate during the third quarter valued at about $29,000. Peoples Bank KS purchased a new stake in Allstate during the fourth quarter worth about $49,000. Finally, Transamerica Financial Advisors Inc. purchased a new position in Allstate in the third quarter valued at about $58,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ALL shares. Bank of America raised their price target on shares of Allstate from $216.00 to $233.00 and gave the stock a "buy" rating in a research note on Friday, October 18th. Evercore ISI raised Allstate from an "in-line" rating to an "outperform" rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. upped 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. UBS Group lifted their price objective on Allstate from $216.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Finally, The Goldman Sachs Group upped their price objective on shares of Allstate from $209.00 to $230.00 and gave the company a "buy" rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $218.13.

Get Our Latest Stock Analysis on ALL

Allstate Price Performance

Shares of ALL traded up $0.69 during mid-day trading on Wednesday, reaching $191.56. 405,658 shares of the stock traded hands, compared to its average volume of 1,693,922. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43. The Allstate Co. has a 1 year low of $153.87 and a 1 year high of $209.88. The company has a market cap of $50.73 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52. The firm has a fifty day moving average price of $193.38 and a 200 day moving average price of $188.81.

Allstate Dividend Announcement

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. The ex-dividend date was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a yield of 1.92%. Allstate's dividend payout ratio is currently 23.83%.

Allstate Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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