Vantage Point Financial LLC Invests $278,000 in The Allstate Co. (NYSE:ALL)

Vantage Point Financial LLC acquired a new stake in shares of The Allstate Co. (NYSE:ALL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,443 shares of the insurance provider’s stock, valued at approximately $278,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. SPC Financial Inc. boosted its holdings in Allstate by 3.6% in the third quarter. SPC Financial Inc. now owns 1,564 shares of the insurance provider’s stock worth $297,000 after purchasing an additional 54 shares during the period. Lake Street Advisors Group LLC boosted its holdings in shares of Allstate by 1.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 3,129 shares of the insurance provider’s stock valued at $596,000 after buying an additional 54 shares during the period. Chicago Partners Investment Group LLC grew its position in shares of Allstate by 1.3% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,630 shares of the insurance provider’s stock valued at $893,000 after buying an additional 59 shares during the last quarter. Carmichael Hill & Associates Inc. raised its stake in Allstate by 15.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 460 shares of the insurance provider’s stock worth $87,000 after acquiring an additional 60 shares during the period. Finally, Apella Capital LLC boosted its stake in Allstate by 1.9% in the fourth quarter. Apella Capital LLC now owns 3,231 shares of the insurance provider’s stock valued at $623,000 after acquiring an additional 60 shares during the period. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Price Performance

NYSE ALL opened at $192.13 on Tuesday. The Allstate Co. has a 1 year low of $153.87 and a 1 year high of $209.88. The business’s fifty day moving average is $193.92 and its two-hundred day moving average is $188.58. The stock has a market capitalization of $50.87 billion, a P/E ratio of 12.44, a P/E/G ratio of 1.47 and a beta of 0.52. 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 Announces Dividend

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 dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Friday, November 29th. Allstate’s dividend payout ratio is 23.83%.

Analyst Ratings Changes

Several analysts recently issued reports on ALL shares. The Goldman Sachs Group raised their price target on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 15th. JPMorgan Chase & Co. upped their price target on shares of Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. BMO Capital Markets lifted their price objective on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Bank of America upped their target price on shares of Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, UBS Group lifted their price target on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $218.13.

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.