Guerra Pan Advisors LLC Makes New Investment in The Allstate Co. (NYSE:ALL)

Guerra Pan Advisors LLC bought a new position in shares of The Allstate Co. (NYSE:ALL) in the 4th quarter, HoldingsChannel.com reports. The fund bought 3,377 shares of the insurance provider’s stock, valued at approximately $651,000.

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Piper Sandler increased their target price on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Raymond James increased their target price on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Friday, October 4th. Morgan Stanley increased their target price on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Jefferies Financial Group increased their target price on Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, BMO Capital Markets increased their target price on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $218.13.

Allstate Trading Up 0.7 %

Shares of Allstate stock opened at $185.97 on Friday. The Allstate Co. has a 1 year low of $153.42 and a 1 year high of $209.88. The firm has a market cap of $49.25 billion, a PE ratio of 12.04, a P/E/G ratio of 1.41 and a beta of 0.52. The stock has a fifty day moving average price of $194.70 and a 200-day moving average price of $187.27. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The firm had revenue of $16.63 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same period last year, the firm posted $0.81 EPS. The business’s revenue was up 14.7% compared to the same quarter last year. Equities research analysts anticipate that The Allstate Co. will post 16.83 EPS for the current year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.98%. 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.