The Allstate Corporation $ALL Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its holdings in shares of The Allstate Corporation (NYSE:ALL) by 23.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,013 shares of the insurance provider’s stock after acquiring an additional 3,249 shares during the period. Concurrent Investment Advisors LLC’s holdings in Allstate were worth $3,541,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ALL. Truist Financial Corp boosted its position in shares of Allstate by 4.7% in the 3rd quarter. Truist Financial Corp now owns 123,461 shares of the insurance provider’s stock valued at $26,501,000 after purchasing an additional 5,542 shares during the period. Davis Capital Management acquired a new stake in shares of Allstate in the 3rd quarter valued at about $2,767,000. First Horizon Corp acquired a new stake in shares of Allstate in the 3rd quarter valued at about $11,109,000. Coastal Bridge Advisors LLC boosted its position in shares of Allstate by 530.6% in the 3rd quarter. Coastal Bridge Advisors LLC now owns 18,174 shares of the insurance provider’s stock valued at $3,901,000 after purchasing an additional 15,292 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of Allstate by 6.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 189,718 shares of the insurance provider’s stock valued at $40,489,000 after purchasing an additional 12,225 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on ALL shares. TD Cowen cut Allstate from a “buy” rating to a “hold” rating in a research report on Monday, January 12th. Barclays upped their target price on Allstate from $207.00 to $208.00 and gave the company an “underweight” rating in a research report on Wednesday, April 8th. Cantor Fitzgerald reissued a “neutral” rating and issued a $220.00 target price on shares of Allstate in a research report on Thursday, February 5th. Citigroup upped their price objective on Allstate from $216.00 to $221.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Finally, Zacks Research downgraded Allstate from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $238.65.

Allstate Stock Up 0.7%

ALL opened at $214.38 on Tuesday. The business has a 50 day moving average price of $209.93 and a two-hundred day moving average price of $205.67. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.26. The company has a market cap of $55.36 billion, a PE ratio of 5.61, a P/E/G ratio of 0.43 and a beta of 0.22. The Allstate Corporation has a 52 week low of $188.08 and a 52 week high of $219.48.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $14.31 EPS for the quarter, beating the consensus estimate of $8.72 by $5.59. The firm had revenue of $17.35 billion during 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 firm’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $7.67 EPS. As a group, research analysts anticipate that The Allstate Corporation will post 25.82 EPS for the current year.

Allstate Increases Dividend

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

Allstate 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.