CX Institutional Has $5.94 Million Holdings in The Allstate Co. (NYSE:ALL)

CX Institutional lifted its holdings in shares of The Allstate Co. (NYSE:ALL) by 20.2% during the 4th quarter, Holdings Channel reports. The firm owned 30,829 shares of the insurance provider’s stock after purchasing an additional 5,173 shares during the period. CX Institutional’s holdings in Allstate were worth $5,944,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Impact Partnership Wealth LLC acquired a new position in Allstate in the 4th quarter valued at $555,000. RFG Advisory LLC bought a new position in shares of Allstate in the fourth quarter worth $218,000. Greater Midwest Financial Group LLC raised its stake in Allstate by 11.8% in the fourth quarter. Greater Midwest Financial Group LLC now owns 7,488 shares of the insurance provider’s stock valued at $1,444,000 after purchasing an additional 788 shares in the last quarter. Brighton Jones LLC lifted its position in Allstate by 60.2% during the fourth quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock worth $1,253,000 after purchasing an additional 2,443 shares during the period. Finally, Sustainable Insight Capital Management LLC grew its stake in Allstate by 55.6% during the fourth quarter. Sustainable Insight Capital Management LLC now owns 26,457 shares of the insurance provider’s stock worth $5,101,000 after buying an additional 9,457 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Price Performance

Shares of ALL opened at $184.89 on Friday. The business has a 50-day moving average of $195.15 and a 200-day moving average of $187.10. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market capitalization of $48.96 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 1.41 and a beta of 0.52. The Allstate Co. has a 1 year low of $153.42 and a 1 year high of $209.88.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The firm had revenue of $16.63 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same quarter last year, the business earned $0.81 EPS. The company’s revenue was up 14.7% compared to the same quarter last year. As a group, equities research analysts anticipate that The Allstate Co. will post 16.83 earnings per share for the current year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were issued a dividend of $0.92 per share. The ex-dividend date was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a yield of 1.99%. Allstate’s payout ratio is currently 23.83%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ALL. JPMorgan Chase & Co. upped their price target on shares of Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Morgan Stanley raised their target price on Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Raymond James boosted their price target on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Friday, October 4th. BMO Capital Markets raised their price objective on Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Finally, Jefferies Financial Group boosted their target price on Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $218.13.

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.