The Allstate Co. (NYSE:ALL) Shares Acquired by Brookstone Capital Management

Brookstone Capital Management lifted its position in The Allstate Co. (NYSE:ALL - Free Report) by 63.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,498 shares of the insurance provider's stock after acquiring an additional 4,059 shares during the quarter. Brookstone Capital Management's holdings in Allstate were worth $2,024,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FSA Wealth Management LLC bought a new stake in shares of Allstate in the 3rd quarter valued at about $26,000. Northwest Investment Counselors LLC purchased a new stake in shares of Allstate during the 3rd quarter worth $28,000. Catalyst Capital Advisors LLC bought a new stake in Allstate during the third quarter valued at about $29,000. Peoples Bank KS purchased a new position in Allstate in the fourth quarter valued at about $49,000. Finally, Transamerica Financial Advisors Inc. bought a new position in Allstate in the third quarter worth about $58,000. 76.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on ALL shares. Bank of America lifted their price objective on shares of Allstate from $216.00 to $233.00 and gave the stock a "buy" rating in a research report on Friday, October 18th. Jefferies Financial Group lifted their price target on shares of Allstate from $231.00 to $267.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Raymond James increased their price objective on Allstate from $205.00 to $220.00 and gave the company a "strong-buy" rating in a report on Friday, October 4th. Evercore ISI upgraded Allstate from an "in-line" rating to an "outperform" rating in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. increased their price target on Allstate from $205.00 to $207.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $218.13.

Allstate Stock Performance

Shares of ALL stock traded up $3.21 during trading hours on Thursday, hitting $191.24. The company's stock had a trading volume of 1,501,962 shares, compared to its average volume of 2,219,706. The stock has a market cap of $50.64 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 1.35 and a beta of 0.52. The Allstate Co. has a 12-month low of $150.17 and a 12-month high of $209.88. The company has a 50 day moving average of $195.87 and a 200 day moving average of $186.08. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43.

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, beating the consensus estimate of $2.20 by $1.71. The company had revenue of $16.63 billion for the quarter, compared to analyst estimates 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 period in the prior year, the company earned $0.81 earnings per share. On average, sell-side analysts forecast that The Allstate Co. will post 16.45 EPS for the current fiscal year.

Allstate Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were issued a $0.92 dividend. 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 payout ratio is presently 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.