Oak Thistle LLC Buys Shares of 11,015 The Allstate Corporation $ALL

Oak Thistle LLC bought a new stake in shares of The Allstate Corporation (NYSE:ALL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,015 shares of the insurance provider’s stock, valued at approximately $2,293,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ALL. Harbor Capital Advisors Inc. increased its position in Allstate by 79.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares during the period. Dorato Capital Management acquired a new stake in Allstate during the 4th quarter valued at approximately $27,000. Barnes Dennig Private Wealth Management LLC increased its position in Allstate by 112.3% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 73 shares during the period. Princeton Global Asset Management LLC increased its position in Allstate by 101.3% during the 4th quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 76 shares during the period. Finally, Palisade Asset Management LLC acquired a new stake in Allstate during the 3rd quarter valued at approximately $31,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Price Performance

Shares of ALL opened at $210.08 on Wednesday. The Allstate Corporation has a 12-month low of $180.00 and a 12-month high of $216.75. The business’s fifty day moving average is $206.87 and its 200 day moving average is $205.25. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.26. The stock has a market cap of $54.52 billion, a P/E ratio of 5.50, a P/E/G ratio of 0.42 and a beta of 0.22.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.72 by $5.59. Allstate had a return on equity of 39.20% and a net margin of 15.19%.The company had revenue of $17.35 billion for the quarter, compared to analysts’ expectations of $17.23 billion. During the same period last year, the business earned $7.67 EPS. Allstate’s quarterly revenue was up 5.1% compared to the same quarter last year. Sell-side analysts anticipate that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 2nd were issued a $1.08 dividend. The ex-dividend date was Monday, March 2nd. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.1%. This is an increase from Allstate’s previous quarterly dividend of $1.00. Allstate’s dividend payout ratio (DPR) is 11.31%.

Analysts Set New Price Targets

A number of research firms have weighed in on ALL. TD Cowen downgraded shares of Allstate from a “buy” rating to a “hold” rating in a research report on Monday, January 12th. The Goldman Sachs Group reissued a “neutral” rating and set a $231.00 target price on shares of Allstate in a research report on Thursday, March 5th. Keefe, Bruyette & Woods increased their target price on shares of Allstate from $254.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, February 10th. William Blair cut Allstate from an “outperform” rating to a “market perform” rating in a report on Thursday, December 18th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $220.00 price target on shares of Allstate in a report on Thursday, February 5th. Four equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $237.94.

Allstate Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.