Nisa Investment Advisors LLC Buys 83,648 Shares of The Allstate Co. (NYSE:ALL)

Nisa Investment Advisors LLC raised its stake in The Allstate Co. (NYSE:ALL) by 96.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 170,437 shares of the insurance provider’s stock after buying an additional 83,648 shares during the period. Nisa Investment Advisors LLC owned about 0.06% of Allstate worth $33,015,000 at the end of the most recent quarter.

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

Allstate Stock Performance

Shares of ALL opened at $189.92 on Wednesday. The Allstate Co. has a one year low of $153.42 and a one year high of $209.88. The company has a 50-day simple moving average of $195.55 and a two-hundred day simple moving average of $186.90. 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 firm has a market capitalization of $50.29 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 1.42 and a beta of 0.52.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, beating the consensus estimate of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The business had revenue of $16.63 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same quarter last year, the firm posted $0.81 earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, analysts anticipate that The Allstate Co. will post 16.45 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.94%. Allstate’s payout ratio is 23.83%.

Analysts Set New Price Targets

ALL has been the subject of a number of recent research reports. Bank of America boosted their price objective on shares of Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Wells Fargo & Company upped their price target on shares of Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Morgan Stanley lifted their price objective on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. BMO Capital Markets increased their target price on Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Finally, Piper Sandler lifted their price target on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. One equities research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $218.13.

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.