Nilsine Partners LLC Increases Stock Position in The Allstate Co. (NYSE:ALL)

Nilsine Partners LLC raised its stake in The Allstate Co. (NYSE:ALL - Free Report) by 207.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,162 shares of the insurance provider's stock after acquiring an additional 3,482 shares during the quarter. Nilsine Partners LLC's holdings in Allstate were worth $995,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Pathway Financial Advisers LLC boosted its position in Allstate by 18,472.5% in the third 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 in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Allstate by 18.7% in the third 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 in the last quarter. TimesSquare Capital Management LLC acquired a new position in shares of Allstate during the third quarter valued at about $77,819,000. Los Angeles Capital Management LLC boosted its holdings in Allstate by 688.4% during the third quarter. Los Angeles Capital Management LLC now owns 460,282 shares of the insurance provider's stock worth $87,292,000 after purchasing an additional 401,901 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in Allstate by 291.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 356,065 shares of the insurance provider's stock valued at $67,528,000 after acquiring an additional 265,213 shares during the last quarter. 76.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Raymond James upped their target price on shares of Allstate from $205.00 to $220.00 and gave the stock a "strong-buy" rating in a report on Friday, October 4th. JPMorgan Chase & Co. increased their price target on shares of Allstate from $205.00 to $207.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. UBS Group raised their price objective on shares of Allstate from $216.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Keefe, Bruyette & Woods raised their price objective on shares of Allstate from $235.00 to $243.00 and gave the stock an "outperform" rating in a report on Friday, January 10th. Finally, The Goldman Sachs Group raised their target price on shares of Allstate from $209.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Allstate has an average rating of "Moderate Buy" and an average price target of $218.13.

Allstate Price Performance

ALL stock traded down $1.23 during mid-day trading on Friday, reaching $192.60. The company's stock had a trading volume of 1,619,418 shares, compared to its average volume of 1,812,875. The company's 50 day moving average is $194.15 and its two-hundred day moving average is $188.14. The stock has a market cap of $51.00 billion, a PE ratio of 12.47, a P/E/G ratio of 1.45 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 fifty-two week low of $153.42 and a fifty-two week high of $209.88.

Allstate (NYSE:ALL - Get Free Report) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, beating the consensus estimate of $2.20 by $1.71. The firm had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The firm's revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 EPS. Equities research analysts expect that The Allstate Co. will post 16.96 EPS for the current year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were paid a $0.92 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.91%. Allstate's dividend payout ratio (DPR) 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.