Wingate Wealth Advisors Inc. Invests $125,000 in The Allstate Co. (NYSE:ALL)

Wingate Wealth Advisors Inc. purchased a new stake in shares of The Allstate Co. (NYSE:ALL) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 649 shares of the insurance provider’s stock, valued at approximately $125,000.

Several other large investors have also recently bought and sold shares of ALL. FSA Wealth Management LLC purchased a new position in Allstate during the 3rd quarter valued at about $26,000. Northwest Investment Counselors LLC acquired a new stake in shares of Allstate during the third quarter worth approximately $28,000. Catalyst Capital Advisors LLC purchased a new position in Allstate during the third quarter valued at approximately $29,000. Peoples Bank KS acquired a new position in Allstate in the 4th quarter valued at approximately $49,000. Finally, Golden State Wealth Management LLC purchased a new stake in Allstate in the 4th quarter worth approximately $57,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Stock Performance

NYSE:ALL opened at $186.57 on Tuesday. The Allstate Co. has a 1 year low of $153.87 and a 1 year high of $209.88. The firm’s fifty day simple moving average is $192.41 and its 200 day simple moving average is $189.19. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $49.40 billion, a PE ratio of 10.98, a PEG ratio of 1.47 and a beta of 0.52.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.40 by $2.27. Allstate had a net margin of 7.28% and a return on equity of 28.20%. On average, sell-side analysts anticipate that The Allstate Co. will post 18.64 EPS for the current year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were paid a $0.92 dividend. The ex-dividend date was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a yield of 1.97%. Allstate’s payout ratio is presently 21.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company increased their target price 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. Morgan Stanley increased their target price on shares of Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group increased their target price on shares of Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. BMO Capital Markets increased their target price on shares of Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Finally, UBS Group increased 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.