E Fund Management Hong Kong Co. Ltd. Invests $70,000 in The Allstate Co. (NYSE:ALL)

E Fund Management Hong Kong Co. Ltd. purchased a new stake in The Allstate Co. (NYSE:ALL) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 361 shares of the insurance provider’s stock, valued at approximately $70,000.

Other hedge funds have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new stake in Allstate in the third quarter worth approximately $26,000. Northwest Investment Counselors LLC bought a new stake in Allstate in the third quarter worth $28,000. Catalyst Capital Advisors LLC acquired a new position in Allstate during the third quarter worth $29,000. Peoples Bank KS bought a new position in Allstate during the fourth quarter valued at about $49,000. Finally, Transamerica Financial Advisors Inc. bought a new stake in shares of Allstate during the 3rd quarter worth about $58,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Trading Up 0.7 %

ALL opened at $185.97 on Monday. The Allstate Co. has a 1-year low of $153.42 and a 1-year high of $209.88. The firm has a 50-day moving average price of $194.70 and a two-hundred day moving average price of $187.47. The stock has a market capitalization of $49.25 billion, a PE ratio of 12.04, a PEG ratio of 1.41 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 (NYSE:ALL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, topping the consensus estimate of $2.20 by $1.71. The firm had revenue of $16.63 billion during the quarter, compared to analysts’ expectations of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. Allstate’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.81 EPS. As a group, equities analysts anticipate 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. Stockholders of record on Friday, November 29th were given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.98%. The ex-dividend date was Friday, November 29th. Allstate’s dividend payout ratio is 23.83%.

Analyst Ratings Changes

A number of research analysts recently weighed in on ALL shares. Keefe, Bruyette & Woods raised their price objective on Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. BMO Capital Markets raised their target price on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. boosted their target price on shares of Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, Piper Sandler raised their price target on Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Allstate currently has an average rating of “Moderate Buy” and an average target price 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.