Empirical Asset Management LLC Makes New Investment in The Allstate Co. (NYSE:ALL)

Empirical Asset Management LLC purchased a new stake in shares of The Allstate Co. (NYSE:ALL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 25,573 shares of the insurance provider's stock, valued at approximately $4,930,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp grew its stake in shares of Allstate by 1.1% in the third quarter. State Street Corp now owns 11,496,306 shares of the insurance provider's stock worth $2,190,758,000 after acquiring an additional 126,922 shares during the last quarter. Geode Capital Management LLC grew its position in Allstate by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 6,228,581 shares of the insurance provider's stock valued at $1,178,164,000 after purchasing an additional 74,537 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Allstate by 18.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider's stock valued at $569,114,000 after purchasing an additional 472,040 shares during the last quarter. Raymond James & Associates grew its position in Allstate by 10.6% during the 3rd quarter. Raymond James & Associates now owns 1,517,800 shares of the insurance provider's stock valued at $287,851,000 after purchasing an additional 145,986 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Allstate by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,437,688 shares of the insurance provider's stock valued at $229,545,000 after purchasing an additional 47,038 shares during the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Stock Down 0.8 %

Allstate stock traded down $1.49 during trading hours on Friday, reaching $189.61. The stock had a trading volume of 794,202 shares, compared to its average volume of 2,087,599. The company has a market cap of $50.21 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 1.35 and a beta of 0.52. 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 business's 50 day moving average price is $195.87 and its 200-day moving average price is $186.08. The Allstate Co. has a 52 week low of $150.17 and a 52 week high of $209.88.

Allstate (NYSE:ALL - Get Free Report) last posted 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 net margin of 6.77% and a return on equity of 26.67%. The firm had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the prior year, the company posted $0.81 earnings per share. The company's revenue for the quarter was up 14.7% compared to the same quarter last year. Sell-side analysts anticipate that The Allstate Co. will post 16.45 EPS for the current 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 given a $0.92 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a yield of 1.94%. Allstate's dividend payout ratio is currently 23.83%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Allstate from $235.00 to $243.00 and gave the company an "outperform" rating in a research report on Friday, January 10th. Evercore ISI raised shares of Allstate from an "in-line" rating to an "outperform" rating in a report on Wednesday, January 8th. Barclays dropped their price target on shares of Allstate from $187.00 to $183.00 and set an "underweight" rating on the stock in a report on Monday, January 6th. Raymond James raised their price target on shares of Allstate from $205.00 to $220.00 and gave the company a "strong-buy" rating in a report on Friday, October 4th. Finally, Wells Fargo & Company raised their price target on shares of Allstate from $186.00 to $187.00 and gave the company an "equal weight" rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average 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.