Wesbanco Bank Inc. cut its position in The Allstate Co. (NYSE:ALL – Free Report) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,640 shares of the insurance provider’s stock after selling 235 shares during the quarter. Wesbanco Bank Inc.’s holdings in Allstate were worth $3,015,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Pathway Financial Advisers LLC raised 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 buying an additional 1,047,019 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Allstate by 18.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider’s stock worth $569,114,000 after purchasing an additional 472,040 shares during the period. AQR Capital Management LLC raised its stake in Allstate by 181.6% in the second quarter. AQR Capital Management LLC now owns 719,997 shares of the insurance provider’s stock valued at $114,955,000 after purchasing an additional 464,337 shares in the last quarter. TimesSquare Capital Management LLC acquired a new position in Allstate in the third quarter valued at about $77,819,000. Finally, Los Angeles Capital Management LLC grew its stake in Allstate by 688.4% during the third quarter. Los Angeles Capital Management LLC now owns 460,282 shares of the insurance provider’s stock worth $87,292,000 after buying an additional 401,901 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.
Allstate Price Performance
ALL stock opened at $184.63 on Friday. The company has a market capitalization of $48.89 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 1.45 and a beta of 0.52. The Allstate Co. has a 52-week low of $153.42 and a 52-week high of $209.88. The business has a 50-day simple moving average of $195.15 and a two-hundred day simple moving average of $187.10. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40.
Allstate Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.99%. The ex-dividend date was Friday, November 29th. Allstate’s dividend payout ratio (DPR) is presently 23.83%.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the stock. Bank of America upped their price target on shares of Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Wells Fargo & Company lifted their price target on Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Morgan Stanley upped their price objective on Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. UBS Group lifted their target price on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Raymond James increased their price objective on Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.13.
Check Out Our Latest Stock Analysis on Allstate
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.
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