Carnegie Investment Counsel Has $494,000 Stock Position in The Allstate Co. (NYSE:ALL)

Carnegie Investment Counsel boosted its holdings in The Allstate Co. (NYSE:ALL - Free Report) by 116.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,562 shares of the insurance provider's stock after acquiring an additional 1,381 shares during the quarter. Carnegie Investment Counsel's holdings in Allstate were worth $494,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ALL. FSA Wealth Management LLC acquired a new stake in Allstate during the third quarter valued at approximately $26,000. Northwest Investment Counselors LLC acquired a new stake in shares of Allstate during the 3rd quarter valued at $28,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Allstate during the third quarter worth $29,000. Peoples Bank KS purchased a new stake in shares of Allstate during the fourth quarter valued at $49,000. Finally, Transamerica Financial Advisors Inc. purchased a new position in Allstate in the 3rd quarter worth about $58,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Stock Down 1.2 %

Shares of Allstate stock traded down $2.25 during midday trading on Friday, reaching $188.85. 1,518,986 shares of the company's stock traded hands, compared to its average volume of 1,271,858. The company has a market cap of $50.01 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 1.35 and a beta of 0.52. The Allstate Co. has a 52 week low of $150.17 and a 52 week high of $209.88. The company's 50 day simple moving average is $195.73 and its 200 day simple moving average is $186.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the prior year, the company posted $0.81 EPS. The firm's revenue was up 14.7% on a year-over-year basis. Equities analysts expect that The Allstate Co. will post 16.45 earnings per share for the current fiscal year.

Allstate Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have commented on ALL. Wells Fargo & Company raised their target price on shares of Allstate from $186.00 to $187.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 14th. UBS Group lifted their price objective on shares of Allstate from $216.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. The Goldman Sachs Group boosted their target price on shares of Allstate from $209.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, November 15th. JPMorgan Chase & Co. raised their target price on Allstate from $205.00 to $207.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group increased their price objective on Allstate from $231.00 to $267.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $218.13.

About Allstate

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.