Nicolet Advisory Services LLC boosted its holdings in shares of The Allstate Co. (NYSE:ALL – Free Report) by 8.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,661 shares of the insurance provider’s stock after buying an additional 272 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Allstate were worth $616,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in Allstate during the fourth quarter valued at approximately $212,771,000. Palestra Capital Management LLC purchased a new position in Allstate during the fourth quarter valued at approximately $83,561,000. Balyasny Asset Management L.P. purchased a new position in Allstate during the fourth quarter valued at approximately $81,571,000. Artemis Investment Management LLP purchased a new position in Allstate during the first quarter valued at approximately $95,764,000. Finally, Mizuho Markets Americas LLC purchased a new position in Allstate during the fourth quarter valued at approximately $52,042,000. 76.47% of the stock is currently owned by institutional investors.
Allstate Price Performance
ALL traded down $2.31 on Friday, hitting $174.38. 1,239,509 shares of the company’s stock were exchanged, compared to its average volume of 1,269,976. The Allstate Co. has a fifty-two week low of $104.29 and a fifty-two week high of $179.93. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of $163.71 and a 200-day moving average price of $162.68. The stock has a market cap of $46.02 billion, a price-to-earnings ratio of 38.49, a P/E/G ratio of 1.99 and a beta of 0.48.
Allstate Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, August 30th will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $3.68 annualized dividend and a dividend yield of 2.11%. Allstate’s payout ratio is 81.24%.
Analysts Set New Price Targets
Several equities analysts have weighed in on ALL shares. StockNews.com downgraded shares of Allstate from a “strong-buy” rating to a “buy” rating in a report on Monday, June 3rd. JPMorgan Chase & Co. upped their price target on shares of Allstate from $193.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Roth Mkm boosted their price objective on shares of Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Evercore ISI boosted their price objective on shares of Allstate from $166.00 to $173.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Finally, Piper Sandler boosted their price objective on shares of Allstate from $172.00 to $188.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Allstate currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.06.
View Our Latest Report on Allstate
Allstate Company Profile
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.
Featured Stories
- Five stocks we like better than Allstate
- What to Know About Investing in Penny Stocks
- Why This AI Stock is Rising Despite Tech Sell-Off
- Best Stocks Under $5.00
- MarketBeat Week in Review – 7/15 – 7/19
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- Investors Are Moving into Bonds and Small Cap Stocks: Here’s Why
Want to see what other hedge funds are holding ALL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Allstate Co. (NYSE:ALL – Free Report).
Receive News & Ratings for Allstate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate and related companies with MarketBeat.com's FREE daily email newsletter.