Sustainable Insight Capital Management LLC Increases Position in The Allstate Co. (NYSE:ALL)

Sustainable Insight Capital Management LLC increased its position in The Allstate Co. (NYSE:ALL) by 55.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,457 shares of the insurance provider’s stock after acquiring an additional 9,457 shares during the period. Allstate makes up about 2.2% of Sustainable Insight Capital Management LLC’s portfolio, making the stock its 19th biggest holding. Sustainable Insight Capital Management LLC’s holdings in Allstate were worth $5,101,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

ALL has been the subject of a number of recent analyst reports. Piper Sandler boosted their price objective on Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Wells Fargo & Company upped their price objective on shares of Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. Jefferies Financial Group boosted 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. Barclays lowered their price objective on Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. raised their target price on Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $218.13.

Allstate Stock Performance

NYSE:ALL opened at $184.63 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $48.89 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 1.45 and a beta of 0.52. The firm has a 50-day moving average price of $195.15 and a two-hundred day moving average price of $187.10. The Allstate Co. has a twelve month low of $153.42 and a twelve month high of $209.88.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. The business 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%. The company’s revenue was up 14.7% on a year-over-year basis. During the same period last year, the company posted $0.81 EPS. As a group, research analysts expect that The Allstate Co. will post 16.72 earnings per share for the current fiscal year.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date was Friday, November 29th. 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.