Strategic Financial Concepts LLC Has $215.76 Million Stock Holdings in The Allstate Co. (NYSE:ALL)

Strategic Financial Concepts LLC increased its holdings in The Allstate Co. (NYSE:ALL) by 15,062.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,119,129 shares of the insurance provider’s stock after acquiring an additional 1,111,748 shares during the period. Strategic Financial Concepts LLC’s holdings in Allstate were worth $215,757,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Czech National Bank lifted its position in Allstate by 7.0% in the third quarter. Czech National Bank now owns 53,787 shares of the insurance provider’s stock worth $10,201,000 after purchasing an additional 3,496 shares during the period. Mather Group LLC. raised its stake in shares of Allstate by 24.6% in the third quarter. Mather Group LLC. now owns 3,554 shares of the insurance provider’s stock worth $674,000 after acquiring an additional 702 shares during the last quarter. Atomi Financial Group Inc. boosted its position in Allstate by 17.2% in the 3rd quarter. Atomi Financial Group Inc. now owns 2,485 shares of the insurance provider’s stock valued at $471,000 after buying an additional 365 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in Allstate by 6.7% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 1,677 shares of the insurance provider’s stock worth $318,000 after purchasing an additional 106 shares during the period. Finally, First PREMIER Bank raised its position in shares of Allstate by 217.4% during the 3rd quarter. First PREMIER Bank now owns 584 shares of the insurance provider’s stock valued at $111,000 after acquiring an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

ALL has been the subject of several research analyst reports. Jefferies Financial Group boosted their price target on shares of Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a report on Friday, November 8th. Piper Sandler lifted their target price on Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Wells Fargo & Company upped their price target on shares of Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods lifted their target price on Allstate from $235.00 to $243.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Finally, Barclays lowered their price target on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a report on Monday, January 6th. One 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 stock. According to data from MarketBeat, Allstate has a consensus rating of “Moderate Buy” and an average target price of $218.13.

Allstate Trading Down 0.7 %

Shares of NYSE ALL opened at $191.68 on Friday. The Allstate Co. has a 1 year low of $153.87 and a 1 year high of $209.88. The firm has a 50-day moving average of $193.08 and a 200 day moving average of $188.84. The stock has a market cap of $50.76 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52. 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 posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share for the quarter, topping the consensus estimate of $5.40 by $2.27. Allstate had a return on equity of 26.67% and a net margin of 6.77%. As a group, sell-side analysts expect that The Allstate Co. will post 16.96 EPS for the current fiscal year.

Allstate Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were given a $0.92 dividend. The ex-dividend date was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.92%. Allstate’s payout ratio is currently 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.