Invesco LLC Purchases 575 Shares of The Allstate Co. (NYSE:ALL)

Invesco LLC raised its position in shares of The Allstate Co. (NYSE:ALL) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,615 shares of the insurance provider’s stock after acquiring an additional 575 shares during the period. Allstate makes up 1.1% of Invesco LLC’s portfolio, making the stock its 23rd biggest holding. Invesco LLC’s holdings in Allstate were worth $2,818,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ALL. JPMorgan Chase & Co. grew its position in Allstate by 5.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 577,934 shares of the insurance provider’s stock worth $109,605,000 after purchasing an additional 28,584 shares during the last quarter. Ameritas Advisory Services LLC increased its stake in Allstate by 117.3% during the fourth quarter. Ameritas Advisory Services LLC now owns 4,896 shares of the insurance provider’s stock valued at $944,000 after acquiring an additional 2,643 shares during the period. Hennessy Advisors Inc. lifted its position in shares of Allstate by 6.9% in the 4th quarter. Hennessy Advisors Inc. now owns 58,600 shares of the insurance provider’s stock worth $11,297,000 after acquiring an additional 3,800 shares during the period. Artemis Investment Management LLP grew its holdings in shares of Allstate by 33.3% during the 4th quarter. Artemis Investment Management LLP now owns 401,542 shares of the insurance provider’s stock worth $77,413,000 after purchasing an additional 100,311 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its position in shares of Allstate by 38.0% during the third quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider’s stock valued at $2,067,000 after purchasing an additional 2,888 shares during the period. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Trading Up 0.8 %

Shares of ALL stock traded up $1.44 on Wednesday, reaching $192.40. 68,344 shares of the stock were exchanged, compared to its average volume of 1,837,425. 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 Allstate Co. has a one year low of $153.42 and a one year high of $209.88. The stock has a market cap of $50.95 billion, a PE ratio of 12.45, a P/E/G ratio of 1.41 and a beta of 0.52. The stock has a 50 day moving average price of $194.46 and a 200 day moving average price of $188.07.

Allstate (NYSE:ALL) last issued its earnings results 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. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The company had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter last year, the firm earned $0.81 EPS. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. Equities research analysts forecast that The Allstate Co. will post 16.83 EPS for the current fiscal year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Friday, November 29th. Allstate’s payout ratio is 23.83%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ALL. Jefferies Financial Group lifted their price target on shares of Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. BMO Capital Markets upped their target price on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. The Goldman Sachs Group raised their price target on shares of Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Morgan Stanley upped their price objective on Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company raised their target price on Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Allstate has an average rating of “Moderate Buy” and an average target price 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.