Artemis Investment Management LLP Acquires 100,311 Shares of The Allstate Co. (NYSE:ALL)

Artemis Investment Management LLP grew its holdings in The Allstate Co. (NYSE:ALL - Free Report) by 33.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 401,542 shares of the insurance provider's stock after acquiring an additional 100,311 shares during the quarter. Allstate accounts for 1.1% of Artemis Investment Management LLP's portfolio, making the stock its 25th largest holding. Artemis Investment Management LLP owned approximately 0.15% of Allstate worth $77,413,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ALL. FSA Wealth Management LLC bought a new stake in Allstate in the 3rd quarter valued at $26,000. Northwest Investment Counselors LLC bought a new stake in shares of Allstate in the third quarter valued at about $28,000. Catalyst Capital Advisors LLC acquired a new stake in Allstate during the third quarter worth about $29,000. Peoples Bank KS bought a new position in Allstate during the fourth quarter valued at about $49,000. Finally, Transamerica Financial Advisors Inc. acquired a new position in Allstate in the 3rd quarter valued at approximately $58,000. Institutional investors and hedge funds own 76.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Jefferies Financial Group boosted their price objective on Allstate from $231.00 to $267.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Piper Sandler increased their price objective on shares of Allstate from $206.00 to $244.00 and gave the company an "overweight" rating in a research note on Tuesday, November 26th. 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. 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. Finally, Raymond James raised their price target on shares of Allstate from $205.00 to $220.00 and gave the stock a "strong-buy" rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Allstate has an average rating of "Moderate Buy" and a consensus price target of $218.13.

Allstate Price Performance

NYSE:ALL traded down $2.25 during mid-day trading on Monday, reaching $188.85. 1,518,986 shares of the company were exchanged, compared to its average volume of 1,271,858. 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 stock has a market cap of $50.01 billion, a PE ratio of 12.23, a PEG ratio of 1.35 and a beta of 0.52. The Allstate Co. has a 12 month low of $150.17 and a 12 month high of $209.88. The company has a fifty day moving average of $195.73 and a 200 day moving average of $186.69.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 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 business had revenue of $16.63 billion for the quarter, compared to analysts' expectations of $14.57 billion. During the same period in the prior year, the firm earned $0.81 earnings per share. Allstate's revenue was up 14.7% compared to the same quarter last year. On average, research analysts anticipate that The Allstate Co. will post 16.45 EPS for the current fiscal year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were given a dividend of $0.92 per share. 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 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.