Perigon Wealth Management LLC Purchases 62 Shares of The Allstate Co. (NYSE:ALL)

Perigon Wealth Management LLC increased its holdings in The Allstate Co. (NYSE:ALL) by 2.1% during the 4th quarter, Holdings Channel reports. The firm owned 2,990 shares of the insurance provider’s stock after buying an additional 62 shares during the period. Perigon Wealth Management LLC’s holdings in Allstate were worth $571,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. FSA Wealth Management LLC bought a new stake in shares of Allstate in the 3rd quarter worth approximately $26,000. Northwest Investment Counselors LLC purchased a new position in Allstate during the 3rd quarter valued at $28,000. Catalyst Capital Advisors LLC bought a new position in Allstate in the 3rd quarter worth $29,000. Peoples Bank KS purchased a new stake in shares of Allstate in the 4th quarter worth about $49,000. Finally, Transamerica Financial Advisors Inc. bought a new stake in shares of Allstate during the 3rd quarter valued at about $58,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Stock Performance

Shares of ALL opened at $192.60 on Friday. The Allstate Co. has a 12 month low of $153.42 and a 12 month high of $209.88. The business’s fifty day simple moving average is $194.15 and its two-hundred day simple moving average is $188.14. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43. The company has a market cap of $51.00 billion, a price-to-earnings ratio of 12.47, a P/E/G ratio of 1.45 and a beta of 0.52.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping the consensus estimate of $2.20 by $1.71. The company had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. Allstate’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the company earned $0.81 EPS. Research analysts anticipate that The Allstate Co. will post 16.96 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.91%. Allstate’s payout ratio is 23.83%.

Wall Street Analyst Weigh In

Several brokerages have commented on ALL. 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. UBS Group raised their target price on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. upped their price target on Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Morgan Stanley raised their price objective on Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, Piper Sandler upped their target price on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $218.13.

Allstate Company 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.