Yousif Capital Management LLC Has $7.60 Million Position in The Allstate Co. (NYSE:ALL)

Yousif Capital Management LLC lessened its stake in shares of The Allstate Co. (NYSE:ALL) by 2.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 39,425 shares of the insurance provider’s stock after selling 1,023 shares during the quarter. Yousif Capital Management LLC’s holdings in Allstate were worth $7,601,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp lifted 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 last quarter. Geode Capital Management LLC lifted its holdings in Allstate by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 6,228,581 shares of the insurance provider’s stock worth $1,178,164,000 after purchasing an additional 74,537 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Allstate by 18.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider’s stock valued at $569,114,000 after purchasing an additional 472,040 shares during the period. Raymond James & Associates grew its holdings in Allstate by 10.6% in the 3rd quarter. Raymond James & Associates now owns 1,517,800 shares of the insurance provider’s stock valued at $287,851,000 after buying an additional 145,986 shares in the last quarter. Finally, Pathway Financial Advisers LLC boosted its position in shares of Allstate by 18,472.5% in 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. Institutional investors own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

ALL has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price target on shares of Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods boosted their price target on Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Piper Sandler raised their price objective on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. Barclays dropped their price objective on Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a report on Monday, January 6th. Finally, UBS Group increased their target price on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $218.13.

Allstate Price Performance

ALL stock opened at $192.92 on Thursday. 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 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market cap of $51.09 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 1.47 and a beta of 0.52. The company has a 50 day simple moving average of $193.38 and a 200 day simple moving average of $188.81.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, beating analysts’ consensus estimates of $5.40 by $2.27. Allstate had a return on equity of 26.67% and a net margin of 6.77%. Research analysts anticipate that The Allstate Co. will post 16.96 EPS for the current fiscal year.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Friday, November 29th. 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.