Robeco Institutional Asset Management B.V. lessened its holdings in The Allstate Co. (NYSE:ALL – Free Report) by 26.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 189,667 shares of the insurance provider’s stock after selling 69,890 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Allstate were worth $36,566,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of ALL. R Squared Ltd purchased a new stake in Allstate in the 4th quarter valued at approximately $60,000. Stonegate Investment Group LLC lifted its position in shares of Allstate by 5.8% in the fourth quarter. Stonegate Investment Group LLC now owns 2,554 shares of the insurance provider’s stock valued at $492,000 after acquiring an additional 139 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in shares of Allstate by 2.1% during the fourth quarter. Perigon Wealth Management LLC now owns 2,990 shares of the insurance provider’s stock valued at $571,000 after acquiring an additional 62 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Allstate during the fourth quarter valued at $231,000. Finally, Charter Oak Capital Management LLC purchased a new stake in Allstate during the 4th quarter worth about $235,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
ALL has been the topic of several analyst reports. Morgan Stanley raised their price target on shares of Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. The Goldman Sachs Group lifted their target price on shares of Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Barclays reduced their price target on Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a research note on Monday, January 6th. UBS Group upped their target price on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. raised their price target on Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $218.13.
Allstate Stock Up 1.6 %
Shares of NYSE ALL opened at $193.80 on Friday. The stock has a fifty day moving average price of $194.33 and a 200 day moving average price of $188.10. The company has a market cap of $51.32 billion, a P/E ratio of 12.55, a P/E/G ratio of 1.41 and a beta of 0.52. The Allstate Co. has a 12-month low of $153.42 and a 12-month high of $209.88. 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 – Get Free Report) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, beating the consensus estimate of $2.20 by $1.71. The business had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The company’s revenue was up 14.7% on a year-over-year basis. During the same period last year, the business posted $0.81 EPS. Research analysts anticipate that The Allstate Co. will post 16.83 EPS for the current fiscal year.
Allstate Announces Dividend
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 was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.90%. Allstate’s payout ratio is currently 23.83%.
Allstate Company 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.
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