Westmount Partners LLC Purchases New Stake in The Allstate Co. (NYSE:ALL)

Westmount Partners LLC purchased a new stake in The Allstate Co. (NYSE:ALL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,050 shares of the insurance provider’s stock, valued at approximately $202,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. FSA Wealth Management LLC bought a new stake in Allstate during the third quarter valued at $26,000. Northwest Investment Counselors LLC bought a new position in shares of Allstate during the third quarter worth about $28,000. Catalyst Capital Advisors LLC bought a new position in shares of Allstate during the third quarter worth about $29,000. Peoples Bank KS bought a new position in shares of Allstate during the fourth quarter worth about $49,000. Finally, Transamerica Financial Advisors Inc. bought a new position in shares of Allstate during the third quarter worth about $58,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Stock Performance

ALL stock traded up $1.20 on Monday, reaching $182.19. 1,060,873 shares of the company were exchanged, compared to its average volume of 2,297,745. The Allstate Co. has a 12 month low of $150.17 and a 12 month high of $209.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The stock’s fifty day moving average price is $195.84 and its 200 day moving average price is $185.72. The firm has a market capitalization of $48.24 billion, a PE ratio of 11.80, a PEG ratio of 1.70 and a beta of 0.52.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The firm had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the previous year, the company earned $0.81 earnings per share. The business’s revenue was up 14.7% compared to the same quarter last year. On average, research analysts anticipate that The Allstate Co. will post 16.26 EPS for the current fiscal year.

Allstate Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were paid 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 2.02%. Allstate’s dividend payout ratio is presently 23.83%.

Analyst Upgrades and Downgrades

A number of research firms have commented on ALL. JPMorgan Chase & Co. upped their price objective 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. Keefe, Bruyette & Woods upped their price objective on shares of Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a research note on Friday. Bank of America upped their price objective on shares of Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Raymond James increased their price target on shares of Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 4th. Finally, UBS Group increased their price target on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $218.06.

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.