Charter Oak Capital Management LLC Takes Position in The Allstate Co. (NYSE:ALL)

Charter Oak Capital Management LLC acquired a new position in shares of The Allstate Co. (NYSE:ALL) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,221 shares of the insurance provider’s stock, valued at approximately $235,000.

Several other large investors have also recently made changes to their positions in ALL. Pathway Financial Advisers LLC increased its holdings 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 purchasing an additional 1,047,019 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Allstate by 18.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider’s stock valued at $569,114,000 after buying an additional 472,040 shares in the last quarter. TimesSquare Capital Management LLC acquired a new stake in shares of Allstate in the 3rd quarter worth $77,819,000. Los Angeles Capital Management LLC increased its stake in shares of Allstate by 688.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 460,282 shares of the insurance provider’s stock worth $87,292,000 after acquiring an additional 401,901 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Allstate by 291.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 356,065 shares of the insurance provider’s stock worth $67,528,000 after acquiring an additional 265,213 shares during the period. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Stock Up 3.7 %

Shares of NYSE ALL opened at $193.02 on Tuesday. The Allstate Co. has a 1 year low of $153.42 and a 1 year high of $209.88. The company has a market capitalization of $51.11 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 1.41 and a beta of 0.52. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The business has a 50-day moving average of $194.70 and a two-hundred day moving average of $187.66.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, beating the consensus estimate of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The company had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same period in the prior year, the firm posted $0.81 earnings per share. The firm’s revenue was up 14.7% on a year-over-year basis. On average, analysts forecast that The Allstate Co. will post 16.83 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were given a $0.92 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 annualized dividend and a yield of 1.91%. Allstate’s dividend payout ratio (DPR) is 23.83%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. Raymond James raised their price target on shares of Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Friday, October 4th. Jefferies Financial Group upped their price objective on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a report on Friday, November 8th. Keefe, Bruyette & Woods raised their target price on Allstate from $235.00 to $243.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Finally, Piper Sandler upped their price target on Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.