The Allstate Co. (NYSE:ALL) Stock Holdings Increased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its holdings in shares of The Allstate Co. (NYSE:ALL) by 24.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 131,792 shares of the insurance provider’s stock after buying an additional 25,767 shares during the period. Assenagon Asset Management S.A.’s holdings in Allstate were worth $25,408,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Oak Thistle LLC bought a new stake in shares of Allstate during the 4th quarter worth $449,000. SeaCrest Wealth Management LLC boosted its position in shares of Allstate by 4.1% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,645 shares of the insurance provider’s stock valued at $317,000 after purchasing an additional 65 shares during the period. 180 Wealth Advisors LLC boosted its position in shares of Allstate by 64.0% in the 4th quarter. 180 Wealth Advisors LLC now owns 3,377 shares of the insurance provider’s stock valued at $651,000 after purchasing an additional 1,318 shares during the period. AdvisorNet Financial Inc raised its holdings in Allstate by 7.5% during the 4th quarter. AdvisorNet Financial Inc now owns 5,759 shares of the insurance provider’s stock worth $1,110,000 after buying an additional 400 shares during the period. Finally, Peddock Capital Advisors LLC lifted its stake in Allstate by 0.4% during the fourth quarter. Peddock Capital Advisors LLC now owns 16,334 shares of the insurance provider’s stock valued at $3,149,000 after buying an additional 73 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Price Performance

NYSE ALL opened at $191.24 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $50.64 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 1.35 and a beta of 0.52. The Allstate Co. has a 12-month low of $150.17 and a 12-month high of $209.88. The company has a 50 day moving average price of $195.87 and a two-hundred day moving average price of $186.08.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $1.71. The business had revenue of $16.63 billion during the quarter, compared to analyst estimates of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. Allstate’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 EPS. As a group, equities analysts predict that The Allstate Co. will post 16.45 earnings per share for the current fiscal year.

Allstate Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently weighed in on ALL. Bank of America lifted their target price on shares of Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. Barclays reduced their target price on Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a report on Monday, January 6th. The Goldman Sachs Group lifted their price target on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, BMO Capital Markets increased their price objective on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $218.13.

Allstate 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.