RFG Advisory LLC Buys Shares of 1,129 The Allstate Co. (NYSE:ALL)

RFG Advisory LLC purchased a new position in The Allstate Co. (NYSE:ALL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,129 shares of the insurance provider’s stock, valued at approximately $218,000.

Several other hedge funds also recently made changes to their positions in ALL. FSA Wealth Management LLC bought a new position in Allstate in the 3rd quarter worth about $26,000. Northwest Investment Counselors LLC bought a new position in shares of Allstate in the third quarter valued at approximately $28,000. Catalyst Capital Advisors LLC purchased a new position in Allstate during the third quarter valued at approximately $29,000. Peoples Bank KS bought a new stake in Allstate during the 4th quarter worth approximately $49,000. Finally, Transamerica Financial Advisors Inc. purchased a new stake in Allstate in the 3rd quarter worth approximately $58,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALL has been the subject of a number of research analyst reports. Raymond James lifted their price target on Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a research report on Friday, October 4th. Keefe, Bruyette & Woods boosted their target price on Allstate from $235.00 to $243.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Jefferies Financial Group lifted their price target on shares of Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. upped their price objective on shares of Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, The Goldman Sachs Group boosted their target price on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $218.13.

Allstate Trading Down 1.0 %

Shares of ALL opened at $191.21 on Wednesday. The company has a market cap of $50.63 billion, a P/E ratio of 12.38, a P/E/G ratio of 1.41 and a beta of 0.52. The Allstate Co. has a twelve month low of $153.42 and a twelve month high of $209.88. The company’s fifty day simple moving average is $194.56 and its 200-day simple moving average is $187.88. 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 issued its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. The business had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 EPS. As a group, analysts expect that The Allstate Co. will post 16.83 EPS for the current year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s dividend payout ratio is 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.