Simon Quick Advisors LLC Raises Stock Holdings in The Allstate Co. (NYSE:ALL)

Simon Quick Advisors LLC raised its position in shares of The Allstate Co. (NYSE:ALL) by 61.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,191 shares of the insurance provider’s stock after buying an additional 1,220 shares during the period. Simon Quick Advisors LLC’s holdings in Allstate were worth $615,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ALL. Sheets Smith Wealth Management boosted its holdings in shares of Allstate by 3.2% during the fourth quarter. Sheets Smith Wealth Management now owns 3,941 shares of the insurance provider’s stock worth $760,000 after purchasing an additional 124 shares during the period. Atomi Financial Group Inc. grew its position in shares of Allstate by 10.5% in the 4th quarter. Atomi Financial Group Inc. now owns 2,746 shares of the insurance provider’s stock worth $529,000 after buying an additional 261 shares during the last quarter. Segment Wealth Management LLC raised its holdings in shares of Allstate by 0.6% during the fourth quarter. Segment Wealth Management LLC now owns 87,986 shares of the insurance provider’s stock valued at $16,963,000 after acquiring an additional 541 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in Allstate by 55.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 22,596 shares of the insurance provider’s stock valued at $4,356,000 after purchasing an additional 8,046 shares during the period. Finally, Pure Financial Advisors LLC purchased a new stake in shares of Allstate in the 4th quarter worth about $218,000. Institutional investors own 76.47% of the company’s stock.

Allstate Stock Performance

Shares of ALL opened at $185.05 on Thursday. The stock has a 50-day moving average of $195.39 and a two-hundred day moving average of $187.12. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market cap of $49.00 billion, a P/E ratio of 11.98, a P/E/G ratio of 1.42 and a beta of 0.52. The Allstate Co. has a one year low of $153.42 and a one year high of $209.88.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, topping 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 company had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same period in the previous year, the firm posted $0.81 EPS. Allstate’s revenue was up 14.7% compared to the same quarter last year. As a group, research analysts predict that The Allstate Co. will post 16.72 EPS for the current year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were issued a $0.92 dividend. The ex-dividend date was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.99%. Allstate’s payout ratio is 23.83%.

Wall Street Analyst Weigh In

Several research firms have weighed in on ALL. Bank of America lifted their price objective on Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Morgan Stanley lifted their price target on shares of Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group boosted their target price on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods upped their price target on shares of Allstate from $235.00 to $243.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Finally, Jefferies Financial Group upped 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $218.13.

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.