Boltwood Capital Management Acquires 730 Shares of The Allstate Co. (NYSE:ALL)

Boltwood Capital Management grew its position in The Allstate Co. (NYSE:ALL) by 10.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,710 shares of the insurance provider’s stock after buying an additional 730 shares during the period. Boltwood Capital Management’s holdings in Allstate were worth $1,486,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Pathway Financial Advisers LLC boosted its holdings in Allstate by 18,472.5% in the third quarter. Pathway Financial Advisers LLC now owns 1,052,687 shares of the insurance provider’s stock worth $199,642,000 after acquiring an additional 1,047,019 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Allstate by 18.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider’s stock worth $569,114,000 after purchasing an additional 472,040 shares during the period. AQR Capital Management LLC increased its holdings in Allstate by 181.6% in the 2nd quarter. AQR Capital Management LLC now owns 719,997 shares of the insurance provider’s stock worth $114,955,000 after buying an additional 464,337 shares during the period. TimesSquare Capital Management LLC purchased a new position in Allstate during the 3rd quarter worth approximately $77,819,000. Finally, Acadian Asset Management LLC lifted its stake in Allstate by 3,839.0% during the 2nd quarter. Acadian Asset Management LLC now owns 416,117 shares of the insurance provider’s stock valued at $66,417,000 after acquiring an additional 405,553 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Trading Down 0.8 %

ALL stock traded down $1.60 during midday trading on Monday, hitting $189.85. 477,543 shares of the company’s stock were exchanged, compared to its average volume of 1,197,944. The business has a 50-day simple moving average of $195.86 and a two-hundred day simple moving average of $184.80. 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 stock has a market capitalization of $50.27 billion, a PE ratio of 12.30, a P/E/G ratio of 1.70 and a beta of 0.52. The Allstate Co. has a 1-year low of $148.23 and a 1-year high of $209.88.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping the consensus estimate of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The firm had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same period in the prior year, the business posted $0.81 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, sell-side analysts predict that The Allstate Co. will post 16.26 EPS for the current fiscal year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.94%. The ex-dividend date was Friday, November 29th. Allstate’s payout ratio is 23.83%.

Analysts Set New Price Targets

Several research analysts recently issued reports on ALL shares. Bank of America raised their target price on shares of Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a report on Friday, October 18th. BMO Capital Markets boosted their price objective on Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a report on Friday, October 18th. The Goldman Sachs Group boosted their price target on shares of Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Morgan Stanley increased their price objective on shares of Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Piper Sandler boosted their target price on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Allstate currently has an average rating of “Moderate Buy” and an average target price of $217.19.

About Allstate

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.