Angeles Wealth Management LLC Acquires 62 Shares of The Allstate Co. (NYSE:ALL)

Angeles Wealth Management LLC grew its holdings in The Allstate Co. (NYSE:ALL) by 4.6% in the fourth quarter, Holdings Channel reports. The firm owned 1,403 shares of the insurance provider’s stock after buying an additional 62 shares during the quarter. Angeles Wealth Management LLC’s holdings in Allstate were worth $270,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Allstate by 338.5% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,684 shares of the insurance provider’s stock worth $319,000 after buying an additional 1,300 shares in the last quarter. Carnegie Investment Counsel purchased a new stake in shares of Allstate during the 3rd quarter valued at about $224,000. Exchange Traded Concepts LLC grew its stake in shares of Allstate by 6,673.1% in the third quarter. Exchange Traded Concepts LLC now owns 5,283 shares of the insurance provider’s stock worth $1,002,000 after acquiring an additional 5,205 shares during the period. ORG Wealth Partners LLC purchased a new position in shares of Allstate during the third quarter valued at approximately $93,000. Finally, CX Institutional lifted its position in Allstate by 523.5% during the third quarter. CX Institutional now owns 25,656 shares of the insurance provider’s stock valued at $4,866,000 after purchasing an additional 21,541 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ALL shares. Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods increased their target price on Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Bank of America raised their target price on Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. UBS Group increased their price objective on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company raised their price objective 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. One investment 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 stock. According to data from MarketBeat, Allstate has an average rating of “Moderate Buy” and an average price target of $218.13.

Allstate Trading Down 1.9 %

Shares of ALL stock opened at $186.57 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.40 and a current ratio of 0.36. The stock has a fifty day simple moving average of $192.41 and a two-hundred day simple moving average of $189.19. The firm has a market capitalization of $49.40 billion, a PE ratio of 10.98, a PEG ratio of 1.47 and a beta of 0.52. The Allstate Co. has a 52-week low of $153.87 and a 52-week high of $209.88.

Allstate (NYSE:ALL) last released 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 return on equity of 28.20% and a net margin of 7.28%. On average, analysts predict that The Allstate Co. will post 18.64 EPS for the current fiscal year.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Friday, November 29th. Allstate’s dividend payout ratio (DPR) is presently 21.66%.

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.