Sapient Capital LLC Boosts Stock Holdings in The Allstate Co. (NYSE:ALL)

Sapient Capital LLC grew its position in shares of The Allstate Co. (NYSE:ALL) by 1.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,543 shares of the insurance provider’s stock after buying an additional 73 shares during the period. Sapient Capital LLC’s holdings in Allstate were worth $880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. FSA Wealth Management LLC purchased a new stake in Allstate in the 3rd quarter worth $26,000. Northwest Investment Counselors LLC purchased a new stake in Allstate in the 3rd quarter worth $28,000. Catalyst Capital Advisors LLC purchased a new stake in Allstate in the 3rd quarter worth $29,000. Peoples Bank KS purchased a new stake in Allstate in the 4th quarter worth $49,000. Finally, Golden State Wealth Management LLC purchased a new stake in Allstate in the 4th quarter worth $57,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on ALL. Evercore ISI raised shares of Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. BMO Capital Markets boosted their price target on shares of Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Morgan Stanley boosted their price target on shares of Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Piper Sandler lifted their target price on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Allstate from $235.00 to $240.00 and gave the stock an “outperform” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $217.94.

Allstate Trading Up 1.6 %

Shares of ALL stock opened at $189.50 on Wednesday. The company’s 50-day moving average price is $192.05 and its 200-day moving average price is $189.34. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42. The stock has a market cap of $50.18 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 1.47 and a beta of 0.52. The Allstate Co. has a twelve month low of $153.87 and a twelve month high of $209.88.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share for the quarter, beating the consensus estimate of $5.40 by $2.27. Allstate had a net margin of 7.28% and a return on equity of 28.20%. As a group, equities analysts predict that The Allstate Co. will post 18.64 earnings per share for the current year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were issued a $0.92 dividend. The ex-dividend date was Friday, November 29th. This represents a $3.68 annualized dividend and a yield of 1.94%. Allstate’s dividend payout ratio (DPR) is currently 21.66%.

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.