Catalina Capital Group LLC Boosts Stake in The Allstate Co. (NYSE:ALL)

Catalina Capital Group LLC raised its holdings in The Allstate Co. (NYSE:ALL) by 15.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,541 shares of the insurance provider’s stock after acquiring an additional 207 shares during the period. Catalina Capital Group LLC’s holdings in Allstate were worth $297,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Magnolia Capital Advisors LLC increased its holdings in shares of Allstate by 2.3% in the 4th quarter. Magnolia Capital Advisors LLC now owns 4,135 shares of the insurance provider’s stock worth $797,000 after buying an additional 94 shares during the last quarter. HHM Wealth Advisors LLC increased its stake in Allstate by 39.8% in the fourth quarter. HHM Wealth Advisors LLC now owns 2,572 shares of the insurance provider’s stock valued at $496,000 after acquiring an additional 732 shares during the last quarter. Stock Yards Bank & Trust Co. raised its position in Allstate by 10.4% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 6,374 shares of the insurance provider’s stock valued at $1,229,000 after purchasing an additional 598 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in Allstate by 4.9% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 9,305 shares of the insurance provider’s stock worth $1,794,000 after purchasing an additional 436 shares during the last quarter. Finally, Greenleaf Trust boosted its holdings in shares of Allstate by 5.7% in the 4th quarter. Greenleaf Trust now owns 10,169 shares of the insurance provider’s stock worth $1,960,000 after purchasing an additional 545 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

ALL stock opened at $192.13 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The Allstate Co. has a 1 year low of $153.87 and a 1 year high of $209.88. The firm has a 50-day moving average of $193.92 and a 200 day moving average of $188.58. The company has a market cap of $50.87 billion, a P/E ratio of 12.44, a PEG ratio of 1.47 and a beta of 0.52.

Allstate Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were given 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 1.92%. Allstate’s dividend payout ratio is presently 23.83%.

Analysts Set New Price Targets

ALL has been the subject of a number of recent research reports. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. Bank of America increased their target price on shares of Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a report on Friday, October 18th. JPMorgan Chase & Co. boosted their price target on shares of Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Wells Fargo & Company raised their price objective on Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Finally, Piper Sandler boosted their target price on Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $218.13.

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.