The Allstate Co. (NYSE:ALL) Stake Boosted by Wilsey Asset Management Inc.

Wilsey Asset Management Inc. grew its stake in shares of The Allstate Co. (NYSE:ALL) by 0.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 182,961 shares of the insurance provider’s stock after buying an additional 264 shares during the quarter. Allstate comprises approximately 6.5% of Wilsey Asset Management Inc.’s holdings, making the stock its 7th largest holding. Wilsey Asset Management Inc.’s holdings in Allstate were worth $35,273,000 as of its most recent filing with the SEC.

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

Allstate Price Performance

ALL opened at $190.24 on Monday. The firm has a market cap of $50.37 billion, a PE ratio of 11.20, a P/E/G ratio of 1.47 and a beta of 0.52. The stock has a 50-day moving average price of $192.41 and a 200-day moving average price of $189.07. The Allstate Co. has a 1 year low of $153.87 and a 1 year high of $209.88. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.36 and a quick ratio of 0.40.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts predict that The Allstate Co. will post 18.64 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders 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 1.93%. Allstate’s dividend payout ratio is 21.66%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ALL. UBS Group boosted their target price on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Morgan Stanley boosted their price objective on shares of Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group raised their target price on shares of Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Piper Sandler boosted their price target on shares of Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Finally, 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. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock 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.