16,022 Shares in The Allstate Co. (NYSE:ALL) Purchased by True North Advisors LLC

True North Advisors LLC bought a new stake in The Allstate Co. (NYSE:ALL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 16,022 shares of the insurance provider’s stock, valued at approximately $3,089,000.

Several other institutional investors also recently added to or reduced their stakes in the business. State Street Corp increased its position in Allstate by 1.1% during the third quarter. State Street Corp now owns 11,496,306 shares of the insurance provider’s stock worth $2,190,758,000 after acquiring an additional 126,922 shares during the period. Geode Capital Management LLC raised its position in shares of Allstate by 1.2% during the third quarter. Geode Capital Management LLC now owns 6,228,581 shares of the insurance provider’s stock valued at $1,178,164,000 after buying an additional 74,537 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Allstate by 18.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider’s stock valued at $569,114,000 after buying an additional 472,040 shares during the period. Raymond James & Associates grew its position in Allstate by 10.6% during the third quarter. Raymond James & Associates now owns 1,517,800 shares of the insurance provider’s stock worth $287,851,000 after buying an additional 145,986 shares in the last quarter. Finally, Pathway Financial Advisers LLC increased its stake in Allstate by 18,472.5% during the third quarter. Pathway Financial Advisers LLC now owns 1,052,687 shares of the insurance provider’s stock valued at $199,642,000 after acquiring an additional 1,047,019 shares during the period. 76.47% of the stock is owned by institutional investors.

Allstate Price Performance

Shares of ALL stock opened at $185.05 on Thursday. The Allstate Co. has a 12 month low of $153.42 and a 12 month high of $209.88. The stock has a 50-day moving average price of $195.39 and a 200 day moving average price of $187.12. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43. The firm has a market cap of $49.00 billion, a price-to-earnings ratio of 11.98, a PEG 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, topping analysts’ consensus estimates of $2.20 by $1.71. The business had revenue of $16.63 billion during the quarter, compared to analysts’ expectations of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.81 earnings per share. Research analysts expect that The Allstate Co. will post 16.72 EPS for the current year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were paid a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s payout ratio is presently 23.83%.

Analyst Upgrades and Downgrades

ALL has been the topic of several recent research reports. Raymond James lifted their price objective on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Friday, October 4th. JPMorgan Chase & Co. increased 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. Bank of America raised 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. Morgan Stanley increased their price target on shares of Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Piper Sandler lifted their price objective on Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Allstate currently has an average rating of “Moderate Buy” and an average price target of $218.13.

Allstate 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.