Catalina Capital Group LLC Buys 207 Shares of The Allstate Co. (NYSE:ALL)

Catalina Capital Group LLC grew its position in shares of The Allstate Co. (NYSE:ALL) by 15.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,541 shares of the insurance provider’s stock after acquiring an additional 207 shares during the quarter. Catalina Capital Group LLC’s holdings in Allstate were worth $297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of ALL. FSA Wealth Management LLC purchased a new position in Allstate in the third quarter worth about $26,000. Northwest Investment Counselors LLC bought a new position in shares of Allstate in the 3rd quarter worth approximately $28,000. Catalyst Capital Advisors LLC purchased a new position in shares of Allstate in the third quarter worth approximately $29,000. Peoples Bank KS bought a new stake in Allstate during the fourth quarter valued at approximately $49,000. Finally, Transamerica Financial Advisors Inc. purchased a new stake in Allstate during the third quarter valued at approximately $58,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ALL shares. Wells Fargo & Company lifted their price target on shares of Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods boosted their price target on Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a report on Friday, January 10th. The Goldman Sachs Group raised their price objective on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Piper Sandler boosted their price objective on Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Finally, Jefferies Financial Group raised their target price on shares of Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One equities 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 issued 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 a consensus price target of $218.13.

Allstate Price Performance

NYSE:ALL opened at $192.13 on Tuesday. The business’s 50-day moving average is $193.92 and its 200 day moving average is $188.58. The Allstate Co. has a 12 month low of $153.87 and a 12 month high of $209.88. The company 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 current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.92%. Allstate’s dividend payout ratio is currently 23.83%.

About Allstate

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.