International Assets Investment Management LLC Takes Position in The Allstate Co. (NYSE:ALL)

International Assets Investment Management LLC bought a new position in shares of The Allstate Co. (NYSE:ALL) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 75,303 shares of the insurance provider’s stock, valued at approximately $14,518,000. Allstate makes up approximately 0.7% of International Assets Investment Management LLC’s portfolio, making the stock its 18th largest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of Allstate by 5.2% during the third quarter. JPMorgan Chase & Co. now owns 577,934 shares of the insurance provider’s stock worth $109,605,000 after buying an additional 28,584 shares during the period. Eagle Asset Management Inc. lifted its position in shares of Allstate by 38.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider’s stock worth $2,067,000 after purchasing an additional 2,888 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Allstate by 1.7% during the third quarter. Bank of Montreal Can now owns 683,574 shares of the insurance provider’s stock worth $128,758,000 after purchasing an additional 11,195 shares in the last quarter. Blueshift Asset Management LLC acquired a new stake in Allstate in the third quarter valued at $623,000. Finally, Franklin Resources Inc. lifted its holdings in Allstate by 5.1% during the 3rd quarter. Franklin Resources Inc. now owns 136,632 shares of the insurance provider’s stock worth $26,032,000 after buying an additional 6,616 shares during the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ALL. UBS Group raised their target price on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Evercore ISI raised shares of Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. increased 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. Bank of America lifted their price objective on Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, The Goldman Sachs Group increased their target price on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. One equities research 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $216.94.

Allstate Trading Up 0.6 %

NYSE:ALL traded up $1.05 during mid-day trading on Wednesday, reaching $187.09. The company’s stock had a trading volume of 405,003 shares, compared to its average volume of 1,645,289. The Allstate Co. has a twelve month low of $148.23 and a twelve month high of $209.88. The company’s fifty day simple moving average is $195.77 and its two-hundred day simple moving average is $185.14. 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 stock has a market cap of $49.54 billion, a P/E ratio of 12.12, a P/E/G ratio of 1.70 and a beta of 0.52.

Allstate (NYSE:ALL) last released 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. The firm had revenue of $16.63 billion during 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%. Allstate’s revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.81 earnings per share. On average, equities analysts predict that The Allstate Co. will post 16.26 EPS for the current year.

Allstate Announces Dividend

The company also recently announced 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 1.97%. The ex-dividend date was Friday, November 29th. Allstate’s payout ratio is currently 23.83%.

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.