Westmount Partners LLC Takes $202,000 Position in The Allstate Co. (NYSE:ALL)

Westmount Partners LLC acquired a new stake in The Allstate Co. (NYSE:ALL) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,050 shares of the insurance provider’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds have also modified their holdings of ALL. JPMorgan Chase & Co. increased its position in shares of Allstate by 5.2% in the third quarter. JPMorgan Chase & Co. now owns 577,934 shares of the insurance provider’s stock valued at $109,605,000 after acquiring an additional 28,584 shares during the last quarter. Eagle Asset Management Inc. increased its position in Allstate by 38.0% during the third quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider’s stock worth $2,067,000 after buying an additional 2,888 shares during the last quarter. Bank of Montreal Can increased its position in Allstate by 1.7% during the third quarter. Bank of Montreal Can now owns 683,574 shares of the insurance provider’s stock worth $128,758,000 after buying an additional 11,195 shares during the last quarter. Blueshift Asset Management LLC acquired a new position in Allstate during the third quarter worth approximately $623,000. Finally, International Assets Investment Management LLC acquired a new position in Allstate during the fourth quarter worth approximately $14,518,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Trading Up 0.7 %

NYSE ALL traded up $1.20 on Monday, reaching $182.19. The company had a trading volume of 1,060,873 shares, compared to its average volume of 2,297,745. The firm has a market cap of $48.24 billion, a price-to-earnings ratio of 11.80, a P/E/G ratio of 1.70 and a beta of 0.52. The Allstate Co. has a fifty-two week low of $150.17 and a fifty-two week high of $209.88. The business has a 50 day moving average of $195.84 and a two-hundred day moving average of $185.72. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40.

Allstate (NYSE:ALL) last issued 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 return on equity of 26.67% and a net margin of 6.77%. The firm had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same period last year, the business posted $0.81 EPS. The business’s revenue was up 14.7% compared to the same quarter last year. Analysts forecast that The Allstate Co. will post 16.26 EPS for the current year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were given a dividend of $0.92 per share. The ex-dividend date was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.02%. Allstate’s dividend payout ratio (DPR) is presently 23.83%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ALL shares. UBS Group boosted their price target on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. BMO Capital Markets boosted their price target on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. boosted their price objective on Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Jefferies Financial Group boosted their price objective on Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Piper Sandler boosted their price objective on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Allstate presently has a consensus rating of “Moderate Buy” and an average target price 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.