Magnolia Capital Advisors LLC Has $797,000 Stock Holdings in The Allstate Co. (NYSE:ALL)

Magnolia Capital Advisors LLC grew its position in The Allstate Co. (NYSE:ALL) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,135 shares of the insurance provider’s stock after purchasing an additional 94 shares during the period. Magnolia Capital Advisors LLC’s holdings in Allstate were worth $797,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ALL. JPMorgan Chase & Co. raised its holdings in shares of Allstate by 5.2% during the third quarter. JPMorgan Chase & Co. now owns 577,934 shares of the insurance provider’s stock worth $109,605,000 after acquiring an additional 28,584 shares during the period. Ameritas Advisory Services LLC increased its stake in Allstate by 117.3% in the 4th quarter. Ameritas Advisory Services LLC now owns 4,896 shares of the insurance provider’s stock valued at $944,000 after buying an additional 2,643 shares during the last quarter. Hennessy Advisors Inc. increased its stake in Allstate by 6.9% in the 4th quarter. Hennessy Advisors Inc. now owns 58,600 shares of the insurance provider’s stock valued at $11,297,000 after buying an additional 3,800 shares during the last quarter. Artemis Investment Management LLP grew its position in shares of Allstate by 33.3% in the 4th quarter. Artemis Investment Management LLP now owns 401,542 shares of the insurance provider’s stock valued at $77,413,000 after acquiring an additional 100,311 shares during the period. Finally, Eagle Asset Management Inc. boosted its holdings in shares of Allstate by 38.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider’s stock worth $2,067,000 after buying an additional 2,888 shares during the period. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Price Performance

Shares of NYSE ALL opened at $192.60 on Monday. The business’s 50 day moving average price is $193.92 and its 200 day moving average price is $188.46. The firm has a market cap of $51.00 billion, a P/E ratio of 12.47, a P/E/G 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 company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have weighed in on ALL. UBS Group lifted their price objective on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. BMO Capital Markets boosted their target price on shares of Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Bank of America upped their price objective on shares of Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Piper Sandler upped their price objective on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Allstate currently has an average rating of “Moderate Buy” and an average price target 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.