Annex Advisory Services LLC Boosts Stock Position in The Allstate Co. (NYSE:ALL)

Annex Advisory Services LLC increased its stake in shares of The Allstate Co. (NYSE:ALL) by 7.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,694 shares of the insurance provider’s stock after purchasing an additional 329 shares during the quarter. Annex Advisory Services LLC’s holdings in Allstate were worth $905,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in Allstate by 5.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 577,934 shares of the insurance provider’s stock valued at $109,605,000 after buying an additional 28,584 shares during the period. Eagle Asset Management Inc. grew its holdings in Allstate by 38.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider’s stock valued at $2,067,000 after buying an additional 2,888 shares during the period. Bank of Montreal Can grew its holdings in Allstate by 1.7% in the 3rd quarter. Bank of Montreal Can now owns 683,574 shares of the insurance provider’s stock valued at $128,758,000 after buying an additional 11,195 shares during the period. Blueshift Asset Management LLC purchased a new stake in Allstate in the 3rd quarter valued at about $623,000. Finally, Brookstone Capital Management grew its holdings in Allstate by 63.0% in the 4th quarter. Brookstone Capital Management now owns 10,498 shares of the insurance provider’s stock valued at $2,024,000 after buying an additional 4,059 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Stock Performance

Shares of ALL opened at $188.85 on Tuesday. The business’s 50 day moving average is $195.73 and its two-hundred day moving average is $186.69. The Allstate Co. has a 52-week low of $150.17 and a 52-week high of $209.88. The firm has a market cap of $50.01 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.35 and a beta of 0.52. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The company had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same period in the prior year, the company posted $0.81 EPS. Allstate’s quarterly revenue was up 14.7% on a year-over-year basis. Analysts forecast that The Allstate Co. will post 16.45 EPS for the current fiscal year.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were issued a $0.92 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.95%. Allstate’s dividend payout ratio (DPR) is 23.83%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Raymond James lifted their price target on Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a report on Friday, October 4th. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Morgan Stanley boosted their target price on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods boosted their target price on Allstate from $235.00 to $243.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Finally, Wells Fargo & Company boosted their target price on Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, one has issued 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 stock presently has a consensus rating of “Moderate Buy” and an average target price 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.