Forsta AP Fonden Reduces Position in The Allstate Co. (NYSE:ALL)

Forsta AP Fonden decreased its stake in shares of The Allstate Co. (NYSE:ALL - Free Report) by 12.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,500 shares of the insurance provider's stock after selling 11,600 shares during the period. Forsta AP Fonden's holdings in Allstate were worth $15,712,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ALL shares. JPMorgan Chase & Co. raised their target price on Allstate from $205.00 to $207.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. BMO Capital Markets raised their price target on shares of Allstate from $205.00 to $214.00 and gave the stock an "outperform" rating in a research note on Friday, October 18th. UBS Group upped their price objective on Allstate from $216.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Evercore ISI raised Allstate from an "in-line" rating to an "outperform" rating in a research report on Wednesday, January 8th. Finally, Raymond James increased their price target on 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 given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $218.13.

Allstate Price Performance

Shares of ALL traded up $2.31 during trading hours on Thursday, reaching $193.12. 149,358 shares of the company's stock traded hands, compared to its average volume of 1,783,017. The firm's 50 day simple moving average is $194.33 and its 200-day simple moving average is $188.10. The stock has a market cap of $51.14 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 1.41 and a beta of 0.52. 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.

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, topping analysts' consensus estimates of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The company had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the previous year, the firm posted $0.81 EPS. The firm's revenue was up 14.7% compared to the same quarter last year. Equities analysts expect that The Allstate Co. will post 16.83 EPS for the current year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Friday, November 29th. Allstate's payout ratio is currently 23.83%.

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.