Lecap Asset Management Ltd. Purchases 1,885 Shares of The Allstate Co. (NYSE:ALL)

Lecap Asset Management Ltd. raised its position in shares of The Allstate Co. (NYSE:ALL) by 13.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,430 shares of the insurance provider’s stock after purchasing an additional 1,885 shares during the quarter. Allstate accounts for approximately 0.9% of Lecap Asset Management Ltd.’s holdings, making the stock its 19th biggest position. Lecap Asset Management Ltd.’s holdings in Allstate were worth $3,168,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

ALL has been the topic of several recent analyst reports. Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods raised their price target on Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a report on Friday, January 10th. The Goldman Sachs Group upped their price objective on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Jefferies Financial Group boosted their price target on Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, UBS Group increased their price objective on shares of Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.13.

Allstate Stock Down 0.7 %

Shares of NYSE ALL opened at $191.68 on Friday. The stock has a market capitalization of $50.76 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 1.47 and a beta of 0.52. The Allstate Co. has a 12-month low of $153.87 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. The firm’s 50-day moving average price is $193.08 and its 200-day moving average price is $188.84.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.40 by $2.27. Allstate had a return on equity of 26.67% and a net margin of 6.77%. On average, equities research analysts anticipate that The Allstate Co. will post 16.96 EPS for the current fiscal year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s dividend payout ratio (DPR) is 23.83%.

About Allstate

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.