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

Nisa Investment Advisors LLC raised its position in shares of The Allstate Co. (NYSE:ALL) by 96.4% in the fourth quarter, Holdings Channel reports. The firm owned 170,437 shares of the insurance provider’s stock after acquiring an additional 83,648 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Allstate were worth $33,015,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ALL. FSA Wealth Management LLC bought a new stake in shares of Allstate during the third quarter valued at approximately $26,000. Northwest Investment Counselors LLC purchased a new stake in Allstate during the 3rd quarter valued at $28,000. Catalyst Capital Advisors LLC bought a new stake in shares of Allstate in the 3rd quarter worth $29,000. Peoples Bank KS purchased a new position in shares of Allstate in the fourth quarter worth $49,000. Finally, Transamerica Financial Advisors Inc. bought a new position in shares of Allstate during the third quarter valued at $58,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. BMO Capital Markets lifted their price objective on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Piper Sandler boosted their price objective on shares of Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Wells Fargo & Company raised their target price on shares of Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. UBS Group boosted their target price on shares of Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. raised their price target on Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Allstate presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.13.

Allstate Price Performance

Shares of Allstate stock opened at $189.92 on Wednesday. The company has a market capitalization of $50.29 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 1.42 and a beta of 0.52. 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 stock’s 50-day simple moving average is $195.55 and its 200-day simple moving average is $186.90. The Allstate Co. has a 52 week low of $153.42 and a 52 week high of $209.88.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS 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 company had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same period in the previous year, the firm earned $0.81 EPS. The firm’s revenue was up 14.7% compared to the same quarter last year. As a group, analysts expect that The Allstate Co. will post 16.45 earnings per share for the current fiscal year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were paid 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 yield of 1.94%. Allstate’s payout ratio is 23.83%.

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.