KBC Group NV Boosts Position in The Allstate Co. (NYSE:ALL)

KBC Group NV boosted its stake in The Allstate Co. (NYSE:ALL - Free Report) by 6.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 231,250 shares of the insurance provider's stock after purchasing an additional 13,954 shares during the period. KBC Group NV owned about 0.09% of Allstate worth $44,583,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ALL. AXA S.A. increased its stake in Allstate by 228.7% in the 2nd quarter. AXA S.A. now owns 15,782 shares of the insurance provider's stock worth $2,520,000 after purchasing an additional 10,980 shares during the period. The Manufacturers Life Insurance Company increased its stake in Allstate by 20.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 203,225 shares of the insurance provider's stock worth $32,447,000 after purchasing an additional 34,702 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in Allstate in the 2nd quarter worth approximately $1,377,000. Ascent Group LLC increased its stake in Allstate by 3.4% in the 2nd quarter. Ascent Group LLC now owns 4,774 shares of the insurance provider's stock worth $762,000 after purchasing an additional 156 shares during the period. Finally, Creative Planning increased its stake in shares of Allstate by 9.0% during the second quarter. Creative Planning now owns 63,543 shares of the insurance provider's stock valued at $10,145,000 after buying an additional 5,267 shares during the period. 76.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ALL has been the topic of several research analyst reports. Morgan Stanley boosted their target price on Allstate from $220.00 to $228.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Evercore ISI raised Allstate from an "in-line" rating to an "outperform" rating in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods boosted their target price on Allstate from $235.00 to $243.00 and gave the company an "outperform" rating in a research note on Friday, January 10th. Wells Fargo & Company boosted their target price on Allstate from $186.00 to $187.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 14th. Finally, Piper Sandler boosted their target price on Allstate from $206.00 to $244.00 and gave the company an "overweight" rating in a research note on Tuesday, November 26th. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, Allstate presently has a consensus rating of "Moderate Buy" and a consensus price target of $218.13.

Allstate Stock Down 1.0 %

Allstate stock traded down $1.98 during mid-day trading on Tuesday, hitting $191.21. The company had a trading volume of 875,610 shares, compared to its average volume of 1,943,158. 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 stock's 50 day moving average price is $194.56 and its two-hundred day moving average price is $187.88. The Allstate Co. has a 12 month low of $153.42 and a 12 month high of $209.88. The company has a market capitalization of $50.63 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 1.41 and a beta of 0.52.

Allstate (NYSE:ALL - Get Free Report) last released its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 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 business had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the previous 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. As a group, sell-side analysts anticipate that The Allstate Co. will post 16.83 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Friday, November 29th. 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.