Revolve Wealth Partners LLC Buys New Shares in The Allstate Co. (NYSE:ALL)

Revolve Wealth Partners LLC bought a new position in shares of The Allstate Co. (NYSE:ALL) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,197 shares of the insurance provider’s stock, valued at approximately $231,000.

Other large investors also recently bought and sold shares of the company. FSA Wealth Management LLC purchased a new stake in shares of Allstate during the third quarter worth approximately $26,000. Northwest Investment Counselors LLC acquired a new position in Allstate during the 3rd quarter worth approximately $28,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Allstate in the 3rd quarter valued at approximately $29,000. Peoples Bank KS acquired a new stake in shares of Allstate in the 4th quarter valued at $49,000. Finally, Transamerica Financial Advisors Inc. purchased a new stake in shares of Allstate during the 3rd quarter worth $58,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Stock Down 1.0 %

ALL stock opened at $191.21 on Wednesday. The Allstate Co. has a one year low of $153.42 and a one year high of $209.88. 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 company has a fifty day moving average of $194.56 and a 200-day moving average of $187.88. The stock has a market capitalization of $50.63 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 1.41 and a beta of 0.52.

Allstate (NYSE:ALL) last released its earnings results 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 quarter in the previous year, the firm posted $0.81 EPS. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. As a group, analysts expect that The Allstate Co. will post 16.83 EPS for the current year.

Allstate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were given a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s payout ratio is 23.83%.

Analyst Upgrades and Downgrades

ALL has been the topic of a number of analyst reports. Jefferies Financial Group raised their price target on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a research note on Friday, November 8th. UBS Group raised their target price on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. increased their price target 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. Wells Fargo & Company upped their target price on shares of Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Finally, The Goldman Sachs Group boosted their price target on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Allstate presently has an average rating of “Moderate Buy” and a consensus 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.