The Allstate Co. (NYSE:ALL) Shares Purchased by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC boosted its position in The Allstate Co. (NYSE:ALL) by 55.6% in the 4th quarter, Holdings Channel reports. The fund owned 26,457 shares of the insurance provider’s stock after purchasing an additional 9,457 shares during the period. Allstate makes up about 2.2% of Sustainable Insight Capital Management LLC’s investment portfolio, making the stock its 19th biggest position. Sustainable Insight Capital Management LLC’s holdings in Allstate were worth $5,101,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. FSA Wealth Management LLC purchased a new stake in shares of Allstate in the third quarter valued at $26,000. Northwest Investment Counselors LLC acquired a new stake in Allstate in the 3rd quarter worth about $28,000. Catalyst Capital Advisors LLC purchased a new stake in Allstate in the 3rd quarter valued at about $29,000. Peoples Bank KS purchased a new stake in Allstate in the 4th quarter valued at about $49,000. Finally, Transamerica Financial Advisors Inc. acquired a new position in shares of Allstate during the 3rd quarter valued at about $58,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Trading Down 0.3 %

ALL opened at $184.63 on Friday. The firm has a market capitalization of $48.89 billion, a P/E ratio of 11.96, a P/E/G ratio of 1.45 and a beta of 0.52. The firm’s 50 day moving average is $195.15 and its 200-day moving average is $187.10. 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 Allstate Co. has a 52-week low of $153.42 and a 52-week 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. The firm had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.81 EPS. Analysts expect that The Allstate Co. will post 16.72 EPS for the current fiscal year.

Allstate Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently issued reports on ALL. Barclays decreased their target price on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a research report on Monday, January 6th. UBS Group lifted their price target on shares of Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a report on Monday, November 4th. BMO Capital Markets upped their price objective on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Finally, Morgan Stanley upped their price target 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 assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average 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.