Axecap Investments LLC Buys 1,010 Shares of The Allstate Co. (NYSE:ALL)

Axecap Investments LLC grew its stake in The Allstate Co. (NYSE:ALL) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,879 shares of the insurance provider’s stock after acquiring an additional 1,010 shares during the quarter. Allstate accounts for 2.7% of Axecap Investments LLC’s holdings, making the stock its 13th biggest position. Axecap Investments LLC’s holdings in Allstate were worth $3,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State Street Corp increased its stake in shares of Allstate by 1.1% in the 3rd quarter. State Street Corp now owns 11,496,306 shares of the insurance provider’s stock valued at $2,190,758,000 after acquiring an additional 126,922 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Allstate by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 6,228,581 shares of the insurance provider’s stock valued at $1,178,164,000 after acquiring an additional 74,537 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Allstate by 18.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider’s stock valued at $569,114,000 after acquiring an additional 472,040 shares during the last quarter. Raymond James & Associates increased its stake in shares of Allstate by 10.6% in the 3rd quarter. Raymond James & Associates now owns 1,517,800 shares of the insurance provider’s stock valued at $287,851,000 after acquiring an additional 145,986 shares during the last quarter. Finally, Strategic Financial Concepts LLC increased its stake in shares of Allstate by 15,062.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,119,129 shares of the insurance provider’s stock valued at $215,757,000 after acquiring an additional 1,111,748 shares during the last quarter. 76.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ALL has been the subject of a number of research reports. Bank of America increased their target price on Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Barclays lowered their target price on Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company increased their target price on Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods increased their target price on Allstate from $235.00 to $243.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Finally, Morgan Stanley increased their target price on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $218.13.

Allstate Trading Down 1.9 %

NYSE ALL opened at $186.57 on Tuesday. The company has a market cap of $49.40 billion, a PE ratio of 10.98, a PEG ratio of 1.47 and a beta of 0.52. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42. The Allstate Co. has a 12 month low of $153.87 and a 12 month high of $209.88. The stock has a 50 day moving average of $192.41 and a 200-day moving average of $189.19.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, beating the consensus estimate of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. On average, equities research analysts anticipate that The Allstate Co. will post 18.64 EPS for the current fiscal year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Friday, November 29th. Allstate’s payout ratio is presently 21.66%.

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.