GW Henssler & Associates Ltd. Reduces Stake in The Allstate Co.

GW Henssler & Associates Ltd. recently reduced its investment in The Allstate Co. (NYSE:ALL - Free Report) by 1.4% during the fourth quarter of the financial year. The company disclosed that it now holds 185,223 shares of Allstate after selling off 2,587 shares in the same quarter. As of its latest filing with the SEC, Allstate represents approximately 2.1% of GW Henssler & Associates Ltd.'s overall holdings, making it the fund's eighth largest investment. The total value of its holdings in Allstate stands at around $35,127,000.

Recent Changes by Other Investors

A number of other hedge funds and institutional investors have also adjusted their positions in Allstate recently. For instance, SPC Financial Inc. increased its holdings by 3.6% during the third quarter. After acquiring an additional 54 shares, SPC Financial now owns 1,564 shares valued at about $297,000. Similarly, Lake Street Advisors Group LLC raised its stake by 1.8%, bringing its total to 3,129 shares worth approximately $596,000. Chicago Partners Investment Group LLC enhanced its investment by 1.3%, now holding 4,630 shares valued at $893,000 after acquiring 59 shares during the same period. Additionally, Carmichael Hill & Associates Inc. expanded its position by 15.0%, currently owning 460 shares worth around $87,000. Lastly, Apella Capital LLC increased its holdings by 1.9% in the fourth quarter, bringing its total to 3,231 shares valued at $623,000. Overall, institutional investors own about 76.47% of Allstate's stock.

Analysts' Views on Allstate

A variety of research firms have recently expressed their perspectives on Allstate. The Goldman Sachs Group raised its price target for Allstate from $209.00 to $230.00 while assigning a "buy" rating, according to a report released on November 15th. Furthermore, Evercore ISI upgraded Allstate from an "in-line" rating to "outperform" on January 8th. Bank of America also increased its price target from $216.00 to $233.00, giving the stock a "buy" rating in a report dated October 18th. Morgan Stanley adjusted its price target from $220.00 to $228.00 and classified the stock as "overweight" in a note on November 7th. Moreover, JPMorgan Chase & Co. lifted its target from $205.00 to $207.00, also rating the stock as "overweight" in an earlier report. Currently, while one analyst rates the stock as a sell, one has it as a hold, fourteen recommend a buy, and one suggests a strong buy. According to MarketBeat, the consensus rating for Allstate is "Moderate Buy" with an average price target set at $218.13.

Allstate's Current Stock Performance

The shares of The Allstate Co. opened at $192.60 on a recent Monday. The company's stock has seen a twelve-month low of $153.42 and a high of $209.88. The 50-day moving average stands at $193.92, while the 200-day moving average is at $188.46. The Allstate Co. has a market capitalization of $51.00 billion, a price-to-earnings ratio of 12.47, and a PEG ratio of 1.45. Additionally, it has a quick ratio of 0.40, a current ratio of 0.40, and a debt-to-equity ratio of 0.43.

Dividend Announcement from Allstate

Allstate also recently announced a quarterly dividend, which was paid on January 2nd. Shareholders who were on the record as of November 29th received a dividend of $0.92 per share, with the ex-dividend date occurring on the same day. This results in an annualized dividend of $3.68, equating to a yield of 1.91%. Allstate's payout ratio stands at 23.83%.

About The Allstate Corporation

The Allstate Corporation offers a range of insurance products, including property and casualty insurance, across the United States and Canada. Its operations are divided into five segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property-Liability, and Corporate and Other.

investment, finance, insurance