Gateway Investment Advisers LLC Buys 690 Shares of The Allstate Co. (NYSE:ALL)

Gateway Investment Advisers LLC lifted its stake in shares of The Allstate Co. (NYSE:ALL) by 2.4% during the fourth quarter, HoldingsChannel reports. The firm owned 29,744 shares of the insurance provider’s stock after acquiring an additional 690 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Allstate were worth $5,734,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ALL. FSA Wealth Management LLC bought a new stake in Allstate during the third quarter worth $26,000. Northwest Investment Counselors LLC acquired a new position in shares of Allstate during the 3rd quarter worth about $28,000. Catalyst Capital Advisors LLC bought a new stake in shares of Allstate in the 3rd quarter valued at about $29,000. Peoples Bank KS acquired a new stake in Allstate in the 4th quarter valued at about $49,000. Finally, Transamerica Financial Advisors Inc. bought a new position in Allstate during the third quarter worth about $58,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

ALL has been the subject of a number of recent analyst reports. Raymond James raised their price objective on Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a research report on Friday, October 4th. Piper Sandler lifted their price objective on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. 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 report on Friday, October 18th. UBS Group raised their target price on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, BMO Capital Markets upped their price target on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $218.13.

Allstate Trading Down 1.2 %

Shares of NYSE:ALL opened at $188.85 on Friday. The business’s 50 day simple moving average is $195.89 and its 200 day simple moving average is $186.12. The Allstate Co. has a 1 year low of $150.17 and a 1 year 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 company has a market capitalization of $50.01 billion, a P/E ratio of 12.23, a P/E/G ratio of 1.35 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. The company had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. Allstate’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.81 EPS. On average, research analysts anticipate that The Allstate Co. will post 16.45 EPS for the current fiscal year.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Friday, November 29th. Allstate’s dividend payout ratio (DPR) is presently 23.83%.

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.