Insight Inv LLC Has $2.55 Million Stock Position in The Allstate Co. (NYSE:ALL)

Insight Inv LLC grew its stake in The Allstate Co. (NYSE:ALL) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,186 shares of the insurance provider’s stock after purchasing an additional 313 shares during the period. Allstate makes up approximately 1.8% of Insight Inv LLC’s holdings, making the stock its 17th largest holding. Insight Inv LLC’s holdings in Allstate were worth $2,553,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. FSA Wealth Management LLC acquired a new stake in shares of Allstate during the third quarter worth approximately $26,000. Northwest Investment Counselors LLC bought a new stake in Allstate during the 3rd quarter worth approximately $28,000. Catalyst Capital Advisors LLC bought a new stake in Allstate during the 3rd quarter worth approximately $29,000. Peoples Bank KS acquired a new stake in Allstate during the 4th quarter valued at $49,000. Finally, Transamerica Financial Advisors Inc. bought a new position in Allstate in the 3rd quarter valued at $58,000. Institutional investors own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ALL shares. Raymond James raised their target price on Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a research note on Friday, October 4th. Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. Bank of America upped their target price on shares of Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Wells Fargo & Company raised their price target on shares of Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Finally, UBS Group upped their price objective on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.13.

Allstate Stock Performance

Shares of ALL stock opened at $185.97 on Friday. The stock has a market cap of $49.25 billion, a PE ratio of 12.04, a price-to-earnings-growth ratio of 1.41 and a beta of 0.52. The stock has a 50-day moving average of $194.70 and a 200-day moving average of $187.27. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The Allstate Co. has a one year low of $153.42 and a one year high of $209.88.

Allstate (NYSE:ALL) last issued 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 firm had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 earnings per share. As a group, sell-side analysts expect that The Allstate Co. will post 16.83 earnings per share for the current year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 annualized dividend and a yield of 1.98%. Allstate’s dividend payout ratio is presently 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.