Ibex Wealth Advisors Acquires Shares of 2,951 The Allstate Co. (NYSE:ALL)

Ibex Wealth Advisors bought a new position in shares of The Allstate Co. (NYSE:ALL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,951 shares of the insurance provider’s stock, valued at approximately $569,000.

Other large investors also recently modified their holdings of the company. Pathway Financial Advisers LLC raised its holdings in shares of Allstate by 18,472.5% during the third quarter. Pathway Financial Advisers LLC now owns 1,052,687 shares of the insurance provider’s stock valued at $199,642,000 after acquiring an additional 1,047,019 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in 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 valued at $569,114,000 after purchasing an additional 472,040 shares during the period. TimesSquare Capital Management LLC bought a new position in Allstate in the 3rd quarter worth $77,819,000. Los Angeles Capital Management LLC lifted its position in shares of Allstate by 688.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 460,282 shares of the insurance provider’s stock worth $87,292,000 after purchasing an additional 401,901 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Allstate by 291.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 356,065 shares of the insurance provider’s stock valued at $67,528,000 after purchasing an additional 265,213 shares in the last quarter. 76.47% of the stock is owned by institutional investors.

Allstate Stock Performance

Shares of ALL opened at $191.10 on Thursday. The company has a market cap of $50.60 billion, a price-to-earnings ratio of 12.38, a P/E/G ratio of 1.41 and a beta of 0.52. The business’s fifty day simple moving average is $194.46 and its two-hundred day simple moving average is $188.07. The Allstate Co. has a 12 month low of $153.42 and a 12 month high of $209.88. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43.

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

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were issued 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 1.93%. Allstate’s payout ratio is 23.83%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ALL shares. Barclays decreased their price target on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research note on Monday, January 6th. UBS Group increased their target price on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Wells Fargo & Company upped their price target on Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Jefferies Financial Group raised their price objective on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, BMO Capital Markets boosted their target price on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a report on Friday, October 18th. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Allstate currently has an average rating of “Moderate Buy” and a consensus price target of $218.13.

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.