Park Avenue Securities LLC Purchases 2,951 Shares of The Allstate Co. (NYSE:ALL)

Park Avenue Securities LLC raised its stake in The Allstate Co. (NYSE:ALL - Free Report) by 40.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,184 shares of the insurance provider's stock after acquiring an additional 2,951 shares during the period. Park Avenue Securities LLC's holdings in Allstate were worth $1,963,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Pathway Financial Advisers LLC raised its position in Allstate by 18,472.5% in 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 purchasing an additional 1,047,019 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of 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 buying an additional 472,040 shares during the last quarter. AQR Capital Management LLC lifted its position in Allstate by 181.6% during the 2nd quarter. AQR Capital Management LLC now owns 719,997 shares of the insurance provider's stock worth $114,955,000 after buying an additional 464,337 shares in the last quarter. TimesSquare Capital Management LLC bought a new stake in Allstate during the 3rd quarter worth about $77,819,000. Finally, Los Angeles Capital Management LLC increased its position in Allstate by 688.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 460,282 shares of the insurance provider's stock valued at $87,292,000 after acquiring an additional 401,901 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ALL shares. JPMorgan Chase & Co. increased their price target on shares of Allstate from $205.00 to $207.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods lifted 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. The Goldman Sachs Group upped their price target on Allstate from $209.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Barclays dropped their price objective on Allstate from $187.00 to $183.00 and set an "underweight" rating for the company in a report on Monday, January 6th. Finally, Raymond James raised their price objective on shares of Allstate from $205.00 to $220.00 and gave the company a "strong-buy" rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $218.13.

Allstate Stock Down 1.2 %

ALL stock traded down $2.25 during mid-day trading on Friday, reaching $188.85. The company had a trading volume of 1,518,986 shares, compared to its average volume of 1,271,858. The company has a market capitalization of $50.01 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.35 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. The Allstate Co. has a 52 week low of $150.17 and a 52 week high of $209.88. The stock has a 50 day simple moving average of $195.73 and a two-hundred day simple moving average of $186.50.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $14.57 billion. During the same quarter last year, the company posted $0.81 earnings per share. Allstate's quarterly revenue was up 14.7% on a year-over-year basis. As a group, equities analysts predict that The Allstate Co. will post 16.45 earnings per share for the current fiscal year.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were issued a $0.92 dividend. The ex-dividend date was Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.95%. Allstate's dividend 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.