Manning & Napier Advisors LLC Raises Position in The Allstate Co. (NYSE:ALL)

Manning & Napier Advisors LLC grew its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 76.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,099 shares of the insurance provider's stock after buying an additional 11,698 shares during the quarter. Manning & Napier Advisors LLC's holdings in Allstate were worth $5,224,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ALL. 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 period. Geode Capital Management LLC boosted its holdings in Allstate by 1.2% in the third quarter. Geode Capital Management LLC now owns 6,228,581 shares of the insurance provider's stock worth $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% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider's stock worth $569,114,000 after purchasing an additional 472,040 shares during the period. Raymond James & Associates raised its stake 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 buying an additional 145,986 shares during the last quarter. Finally, Pathway Financial Advisers LLC lifted its holdings in shares of Allstate by 18,472.5% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,052,687 shares of the insurance provider's stock valued at $199,642,000 after buying an additional 1,047,019 shares during the period. Institutional investors own 76.47% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on ALL. Wells Fargo & Company lifted their price objective on Allstate from $186.00 to $187.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 14th. Barclays lowered their price objective on shares of Allstate from $187.00 to $183.00 and set an "underweight" rating on the stock in a research note on Monday, January 6th. BMO Capital Markets boosted their target price on shares of Allstate from $205.00 to $214.00 and gave the company an "outperform" rating in a research report on Friday, October 18th. UBS Group increased their price target on shares of Allstate from $216.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Finally, Evercore ISI raised shares of Allstate from an "in-line" rating to an "outperform" rating in a research report on Wednesday, January 8th. 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $218.13.

Allstate Price Performance

Shares of NYSE ALL traded up $2.76 during mid-day trading on Thursday, reaching $193.57. The company's stock had a trading volume of 299,184 shares, compared to its average volume of 1,791,725. 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 Allstate Co. has a 52 week low of $153.42 and a 52 week high of $209.88. The stock has a fifty day moving average of $194.33 and a two-hundred day moving average of $188.10. The firm has a market capitalization of $51.26 billion, a PE ratio of 12.53, a P/E/G ratio of 1.41 and a beta of 0.52.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share 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 the consensus estimate of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The firm's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.81 EPS. As a group, sell-side analysts anticipate that The Allstate Co. will post 16.83 EPS for the current fiscal year.

Allstate Announces Dividend

The business 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 annualized dividend and a yield of 1.90%. Allstate's payout ratio is 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.