Cibc World Market Inc. Boosts Position in The Allstate Co. (NYSE:ALL)

Cibc World Market Inc. boosted its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 316.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 241,057 shares of the insurance provider's stock after buying an additional 183,235 shares during the period. Cibc World Market Inc. owned 0.09% of Allstate worth $46,473,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ALL. FSA Wealth Management LLC purchased a new stake in shares of Allstate in the third quarter valued at approximately $26,000. Northwest Investment Counselors LLC acquired a new position in Allstate during the third quarter worth $28,000. Catalyst Capital Advisors LLC purchased a new stake in Allstate in the 3rd quarter valued at $29,000. Peoples Bank KS acquired a new stake in shares of Allstate in the 4th quarter worth $49,000. Finally, Transamerica Financial Advisors Inc. purchased a new position in shares of Allstate during the 3rd quarter worth $58,000. Hedge funds and other institutional investors own 76.47% of the company's stock.

Allstate Stock Down 0.6 %

ALL traded down $1.23 during trading hours on Friday, hitting $192.60. 1,619,418 shares of the company's stock were exchanged, compared to its average volume of 1,687,967. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43. The Allstate Co. has a 12-month low of $153.42 and a 12-month high of $209.88. The firm has a market cap of $51.00 billion, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 1.45 and a beta of 0.52. The firm has a 50 day moving average of $193.92 and a 200 day moving average of $188.31.

Allstate (NYSE:ALL - Get Free Report) last announced its quarterly earnings data 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 return on equity of 26.67% and a net margin of 6.77%. The business had revenue of $16.63 billion for the quarter, compared to analysts' expectations of $14.57 billion. During the same period last year, the firm earned $0.81 earnings per share. The company's revenue for the quarter was up 14.7% compared to the same quarter last year. Analysts predict that The Allstate Co. will post 16.96 EPS for the current fiscal year.

Allstate Dividend Announcement

The company also recently announced 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. The ex-dividend date was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.91%. Allstate's payout ratio is 23.83%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ALL shares. Bank of America raised their price objective on shares of Allstate from $216.00 to $233.00 and gave the stock a "buy" rating in a research report on Friday, October 18th. Morgan Stanley raised their price target on shares of Allstate from $220.00 to $228.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. BMO Capital Markets upped their price objective on Allstate from $205.00 to $214.00 and gave the company an "outperform" rating in a report on Friday, October 18th. UBS Group raised their target price on Allstate from $216.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company lifted their target price on Allstate from $186.00 to $187.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 14th. 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 given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus 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.