Invesco LLC Has $2.82 Million Stock Holdings in The Allstate Co. (NYSE:ALL)

Invesco LLC boosted its stake in shares of The Allstate Co. (NYSE:ALLFree Report) by 4.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,615 shares of the insurance provider’s stock after buying an additional 575 shares during the period. Allstate makes up approximately 1.1% of Invesco LLC’s holdings, making the stock its 23rd biggest holding. Invesco LLC’s holdings in Allstate were worth $2,818,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ALL. SPC Financial Inc. lifted its position in Allstate by 3.6% in the 3rd quarter. SPC Financial Inc. now owns 1,564 shares of the insurance provider’s stock valued at $297,000 after acquiring an additional 54 shares in the last quarter. Lake Street Advisors Group LLC lifted its holdings in shares of Allstate by 1.8% in the third quarter. Lake Street Advisors Group LLC now owns 3,129 shares of the insurance provider’s stock valued at $596,000 after purchasing an additional 54 shares in the last quarter. Abacus Planning Group Inc. grew its holdings in shares of Allstate by 2.4% during the third quarter. Abacus Planning Group Inc. now owns 2,416 shares of the insurance provider’s stock worth $458,000 after buying an additional 56 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in Allstate by 1.3% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,630 shares of the insurance provider’s stock valued at $893,000 after buying an additional 59 shares during the last quarter. Finally, Carmichael Hill & Associates Inc. lifted its stake in Allstate by 15.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 460 shares of the insurance provider’s stock valued at $87,000 after acquiring an additional 60 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ALL shares. The Goldman Sachs Group lifted their price objective on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 15th. Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods boosted their target price on Allstate from $235.00 to $243.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Bank of America lifted their price target on Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, UBS Group increased their price objective on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.13.

View Our Latest Analysis on ALL

Allstate Stock Performance

Shares of ALL stock traded up $1.44 during trading hours on Wednesday, hitting $192.40. 68,344 shares of the company were exchanged, compared to its average volume of 1,837,425. The stock has a market capitalization of $50.95 billion, a price-to-earnings ratio of 12.45, a P/E/G ratio of 1.41 and a beta of 0.52. The firm has a fifty day simple moving average of $194.46 and a 200 day simple moving average of $188.07. 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 Allstate Co. has a 52-week low of $153.42 and a 52-week high of $209.88.

Allstate (NYSE:ALLGet Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $1.71. The business had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 EPS. Research analysts predict that The Allstate Co. will post 16.83 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were paid a $0.92 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a yield of 1.91%. Allstate’s dividend payout ratio is 23.83%.

Allstate Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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