Johnson Investment Counsel Inc. Purchases 1,112 Shares of The Allstate Co. (NYSE:ALL)

Johnson Investment Counsel Inc. lifted its position in The Allstate Co. (NYSE:ALL) by 6.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,160 shares of the insurance provider’s stock after buying an additional 1,112 shares during the period. Johnson Investment Counsel Inc.’s holdings in Allstate were worth $1,980,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Allstate by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 24,850,782 shares of the insurance provider’s stock worth $3,442,082,000 after purchasing an additional 745,096 shares during the period. BlackRock Inc. boosted its stake in Allstate by 1.7% in the 1st quarter. BlackRock Inc. now owns 22,113,322 shares of the insurance provider’s stock worth $2,450,377,000 after purchasing an additional 359,986 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Allstate by 9.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,039,351 shares of the insurance provider’s stock worth $669,221,000 after purchasing an additional 499,056 shares during the period. Geode Capital Management LLC boosted its stake in Allstate by 1.1% in the 1st quarter. Geode Capital Management LLC now owns 5,815,257 shares of the insurance provider’s stock worth $643,015,000 after purchasing an additional 63,438 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Allstate by 4.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,754,667 shares of the insurance provider’s stock worth $627,489,000 after purchasing an additional 223,780 shares during the period. Institutional investors own 77.23% of the company’s stock.

Analyst Upgrades and Downgrades

ALL has been the subject of a number of research analyst reports. Bank of America reduced their target price on shares of Allstate from $143.00 to $138.00 in a research note on Wednesday, August 2nd. Piper Sandler increased their price objective on shares of Allstate from $137.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 3rd. Citigroup increased their price objective on shares of Allstate from $135.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. The Goldman Sachs Group increased their price objective on shares of Allstate from $128.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Finally, Roth Mkm increased their price objective on shares of Allstate from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Allstate presently has an average rating of “Moderate Buy” and an average target price of $135.50.

Allstate Trading Down 0.4 %

Shares of NYSE:ALL opened at $134.19 on Friday. The company has a market capitalization of $35.12 billion, a P/E ratio of -16.92 and a beta of 0.52. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.35 and a current ratio of 0.35. The Allstate Co. has a 52-week low of $100.57 and a 52-week high of $142.15. The company has a 50-day simple moving average of $120.38 and a 200 day simple moving average of $113.82.

Allstate (NYSE:ALL) last released its quarterly earnings results on Thursday, November 2nd. The insurance provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.42. The firm had revenue of $14.50 billion for the quarter, compared to analysts’ expectations of $12.78 billion. Allstate had a negative net margin of 3.51% and a negative return on equity of 10.95%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.56) EPS. Sell-side analysts forecast that The Allstate Co. will post -2.16 earnings per share for the current year.

Allstate Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 30th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.56 annualized dividend and a yield of 2.65%. Allstate’s dividend payout ratio is currently -44.89%.

About Allstate

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; other personal lines products; and commercial lines products under the Allstate and Encompass brand names.