Anchyra Partners LLC Purchases New Position in The Allstate Corporation $ALL

Anchyra Partners LLC purchased a new stake in The Allstate Corporation (NYSE:ALL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,448 shares of the insurance provider’s stock, valued at approximately $510,000.

A number of other large investors have also recently modified their holdings of the company. First National Bank & Trust Co. of Newtown boosted its holdings in shares of Allstate by 7.5% in the fourth quarter. First National Bank & Trust Co. of Newtown now owns 1,325 shares of the insurance provider’s stock valued at $276,000 after purchasing an additional 92 shares during the period. Aprio Wealth Management LLC boosted its holdings in shares of Allstate by 160.9% in the fourth quarter. Aprio Wealth Management LLC now owns 4,863 shares of the insurance provider’s stock valued at $1,012,000 after purchasing an additional 2,999 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Allstate by 7.2% in the fourth quarter. D.A. Davidson & CO. now owns 17,120 shares of the insurance provider’s stock valued at $3,564,000 after purchasing an additional 1,149 shares during the period. Kestra Private Wealth Services LLC boosted its holdings in shares of Allstate by 2.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 22,919 shares of the insurance provider’s stock valued at $4,771,000 after purchasing an additional 499 shares during the period. Finally, Pictet Asset Management Holding SA lifted its holdings in Allstate by 2.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 387,275 shares of the insurance provider’s stock worth $80,613,000 after buying an additional 10,501 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Stock Performance

Shares of ALL stock opened at $214.38 on Tuesday. The business’s fifty day simple moving average is $209.93 and its 200-day simple moving average is $205.67. The company has a market cap of $55.36 billion, a PE ratio of 5.61, a PEG ratio of 0.43 and a beta of 0.22. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.26. The Allstate Corporation has a 12-month low of $188.08 and a 12-month high of $219.48.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.72 by $5.59. The business had revenue of $17.35 billion for the quarter, compared to the consensus estimate of $17.23 billion. Allstate had a return on equity of 39.20% and a net margin of 15.19%.The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $7.67 earnings per share. Analysts expect that The Allstate Corporation will post 25.82 earnings per share for the current fiscal year.

Allstate Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 2nd were given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Allstate’s previous quarterly dividend of $1.00. Allstate’s payout ratio is currently 11.31%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Mizuho lowered their target price on Allstate from $281.00 to $265.00 and set an “outperform” rating for the company in a report on Friday, March 20th. The Goldman Sachs Group restated a “neutral” rating and set a $231.00 target price on shares of Allstate in a report on Thursday, March 5th. Cantor Fitzgerald restated a “neutral” rating and set a $220.00 target price on shares of Allstate in a report on Thursday, February 5th. Evercore set a $225.00 target price on Allstate in a report on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods upped their target price on Allstate from $254.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, February 10th. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $238.65.

Allstate Company Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.