Quotient Wealth Partners LLC Purchases 89 Shares of The Allstate Co. (NYSE:ALL)

Quotient Wealth Partners LLC boosted its holdings in shares of The Allstate Co. (NYSE:ALL) by 8.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,149 shares of the insurance provider’s stock after buying an additional 89 shares during the period. Quotient Wealth Partners LLC’s holdings in Allstate were worth $222,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. FSA Wealth Management LLC bought a new stake in shares of Allstate during the 3rd quarter valued at about $26,000. Northwest Investment Counselors LLC bought a new stake in Allstate during the third quarter valued at approximately $28,000. Catalyst Capital Advisors LLC purchased a new position in Allstate in the 3rd quarter worth approximately $29,000. Peoples Bank KS bought a new position in shares of Allstate in the 4th quarter worth $49,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Allstate during the 4th quarter valued at $57,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Stock Down 1.9 %

NYSE ALL opened at $186.57 on Tuesday. The Allstate Co. has a 1 year low of $153.87 and a 1 year high of $209.88. The stock has a market capitalization of $49.40 billion, a PE ratio of 10.98, a PEG ratio of 1.47 and a beta of 0.52. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.36 and a quick ratio of 0.40. The business’s 50-day moving average is $192.41 and its 200 day moving average is $189.19.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. Sell-side analysts forecast that The Allstate Co. will post 18.64 earnings per share for the current year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were given a $0.92 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.97%. Allstate’s dividend payout ratio is 21.66%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ALL shares. Bank of America upped their target price on shares of Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. UBS Group increased their price objective on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods increased their price target on shares of Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Finally, Wells Fargo & Company boosted their price objective on shares of Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.