Lebenthal Global Advisors LLC Takes Position in The Allstate Co. (NYSE:ALL)

Lebenthal Global Advisors LLC purchased a new position in shares of The Allstate Co. (NYSE:ALL - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,728 shares of the insurance provider's stock, valued at approximately $333,000.

A number of other institutional investors have also recently bought and sold shares of ALL. Pacer Advisors Inc. lifted its position in shares of Allstate by 56.1% during the fourth quarter. Pacer Advisors Inc. now owns 30,627 shares of the insurance provider's stock worth $5,905,000 after purchasing an additional 11,013 shares in the last quarter. KBC Group NV raised its holdings in Allstate by 6.4% in the fourth quarter. KBC Group NV now owns 231,250 shares of the insurance provider's stock valued at $44,583,000 after acquiring an additional 13,954 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Allstate in the fourth quarter valued at $372,000. Blue Trust Inc. raised its holdings in Allstate by 63.9% in the fourth quarter. Blue Trust Inc. now owns 4,900 shares of the insurance provider's stock valued at $929,000 after acquiring an additional 1,911 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC raised its holdings in Allstate by 3.2% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 2,321 shares of the insurance provider's stock valued at $448,000 after acquiring an additional 72 shares in the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALL has been the subject of several recent research reports. Jefferies Financial Group boosted their target price on shares of Allstate from $231.00 to $267.00 and gave the company a "buy" rating in a research note on Friday, November 8th. UBS Group lifted their price target on Allstate from $216.00 to $225.00 and gave the company a "buy" rating in a report on Monday, November 4th. The Goldman Sachs Group raised their price objective on 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. lifted their price target on Allstate from $205.00 to $207.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Finally, Barclays lowered their price objective on Allstate from $187.00 to $183.00 and set an "underweight" rating on the stock in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $218.13.

Allstate Trading Down 1.0 %

Shares of Allstate stock traded down $1.98 during trading hours on Tuesday, hitting $191.21. The company's stock had a trading volume of 875,610 shares, compared to its average volume of 1,943,158. The Allstate Co. has a 12 month low of $153.42 and a 12 month high of $209.88. The stock has a 50 day moving average of $194.56 and a 200 day moving average of $187.88. 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. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40.

Allstate (NYSE:ALL - Get Free Report) last announced 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. The business had revenue of $16.63 billion during the quarter, compared to analysts' expectations of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The firm's revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.81 earnings per share. Analysts predict that The Allstate Co. will post 16.83 earnings per share for the current year.

Allstate Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Friday, November 29th. Allstate's dividend payout ratio is 23.83%.

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.