DekaBank Deutsche Girozentrale grew its position in The Allstate Co. (NYSE:ALL) by 19.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 327,112 shares of the insurance provider’s stock after acquiring an additional 52,745 shares during the period. DekaBank Deutsche Girozentrale’s holdings in The Allstate were worth $35,210,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. DB Wealth Management Group LLC acquired a new stake in The Allstate during the 4th quarter worth $29,000. Capstone Triton Financial Group LLC acquired a new stake in The Allstate during the 4th quarter worth $32,000. Hoover Financial Advisors Inc. acquired a new stake in The Allstate during the 4th quarter worth $36,000. Childress Capital Advisors LLC acquired a new stake in The Allstate during the 4th quarter worth $36,000. Finally, Accel Wealth Management acquired a new stake in The Allstate during the 4th quarter worth $37,000. Institutional investors and hedge funds own 76.95% of the company’s stock.
ALL stock opened at $116.38 on Thursday. The company has a market cap of $35.25 billion, a P/E ratio of 8.16, a P/E/G ratio of 1.14 and a beta of 0.81. The Allstate Co. has a 52 week low of $84.97 and a 52 week high of $118.30. The company’s 50-day moving average price is $112.04 and its 200 day moving average price is $103.80. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.26.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 1st. Shareholders of record on Thursday, March 4th were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Wednesday, March 3rd. This represents a $3.24 dividend on an annualized basis and a yield of 2.78%. This is a boost from The Allstate’s previous quarterly dividend of $0.54. The Allstate’s payout ratio is presently 31.06%.
A number of research analysts have commented on ALL shares. Morgan Stanley dropped their price objective on shares of The Allstate from $126.00 to $119.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 30th. JPMorgan Chase & Co. started coverage on shares of The Allstate in a research note on Tuesday, February 2nd. They issued an “overweight” rating and a $127.00 price objective on the stock. Citigroup lifted their price objective on shares of The Allstate from $128.00 to $135.00 in a research note on Wednesday, March 31st. Keefe, Bruyette & Woods lowered shares of The Allstate from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 11th. Finally, Raymond James lifted their price objective on shares of The Allstate from $125.00 to $135.00 and gave the company a “strong-buy” rating in a research note on Tuesday, March 30th. Six investment analysts have rated the stock with a hold rating, five have issued 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 price target of $121.27.
The Allstate Company Profile
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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