The Allstate Co. (NYSE:ALL) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. boosted its position in The Allstate Co. (NYSE:ALL) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,688 shares of the insurance provider’s stock after purchasing an additional 328 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Allstate were worth $1,482,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC acquired a new stake in shares of Allstate in the 3rd quarter worth $26,000. Northwest Investment Counselors LLC purchased a new position in Allstate during the 3rd quarter valued at about $28,000. Catalyst Capital Advisors LLC purchased a new position in shares of Allstate in the 3rd quarter valued at about $29,000. Peoples Bank KS purchased a new position in shares of Allstate in the 4th quarter valued at about $49,000. Finally, Transamerica Financial Advisors Inc. acquired a new stake in shares of Allstate during the 3rd quarter worth about $58,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Stock Down 0.1 %

Allstate stock opened at $192.13 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market capitalization of $50.87 billion, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52. The Allstate Co. has a fifty-two week low of $153.87 and a fifty-two week high of $209.88. The stock’s fifty day moving average is $193.92 and its two-hundred day moving average is $188.58.

Allstate Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ALL shares. Piper Sandler raised their target price on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group raised their target price on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Bank of America lifted their price target on Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. lifted their price target on Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, UBS Group lifted their price target on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Allstate currently has a consensus 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.