Clarius Group LLC increased its holdings in The Allstate Co. (NYSE:ALL) by 2.4% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 3,666 shares of the insurance provider’s stock after buying an additional 86 shares during the quarter. Clarius Group LLC’s holdings in The Allstate were worth $421,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. increased its holdings in The Allstate by 99.9% in the 4th quarter. UBS Asset Management Americas Inc. now owns 4,030,161 shares of the insurance provider’s stock worth $443,036,000 after buying an additional 2,014,085 shares in the last quarter. Wells Fargo & Company MN increased its holdings in The Allstate by 0.4% in the 4th quarter. Wells Fargo & Company MN now owns 3,678,614 shares of the insurance provider’s stock worth $404,389,000 after buying an additional 15,469 shares in the last quarter. Norges Bank bought a new stake in The Allstate in the 4th quarter worth about $373,392,000. Boston Partners increased its holdings in The Allstate by 2.3% in the 4th quarter. Boston Partners now owns 3,234,640 shares of the insurance provider’s stock worth $355,584,000 after buying an additional 73,281 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in The Allstate by 8.5% in the 4th quarter. Bank of New York Mellon Corp now owns 3,122,886 shares of the insurance provider’s stock worth $343,296,000 after buying an additional 244,365 shares in the last quarter. Institutional investors own 76.95% of the company’s stock.
ALL stock opened at $128.13 on Tuesday. The Allstate Co. has a twelve month low of $84.97 and a twelve month high of $129.09. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.26. The stock has a market cap of $38.48 billion, a P/E ratio of 8.99, a PEG ratio of 1.14 and a beta of 0.81. The business’s 50-day moving average price is $119.07 and its 200-day moving average price is $107.72.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 1st. Investors of record on Thursday, March 4th were issued a $0.81 dividend. The ex-dividend date of this dividend was Wednesday, March 3rd. This is a boost from The Allstate’s previous quarterly dividend of $0.54. This represents a $3.24 dividend on an annualized basis and a yield of 2.53%. The Allstate’s payout ratio is currently 31.06%.
Several brokerages have issued reports on ALL. Raymond James raised their target price on The Allstate from $135.00 to $140.00 and gave the stock a “strong-buy” rating in a research report on Monday, April 26th. Barclays raised their target price on The Allstate from $115.00 to $125.00 in a research report on Thursday, January 28th. Citigroup raised their target price on The Allstate from $128.00 to $135.00 in a research report on Wednesday, March 31st. Deutsche Bank Aktiengesellschaft raised their target price on The Allstate from $115.00 to $120.00 and gave the stock a “hold” rating in a research report on Monday, February 8th. Finally, Keefe, Bruyette & Woods cut The Allstate from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 11th. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $123.20.
About The Allstate
The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Protection Services, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home and stand-alone scheduled personal property; and commercial lines products under the Allstate and Encompass brand names.
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