GDS Wealth Management Boosts Stock Position in The Allstate Co. (NYSE:ALL)

GDS Wealth Management increased its stake in The Allstate Co. (NYSE:ALL - Free Report) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,233 shares of the insurance provider's stock after purchasing an additional 3,271 shares during the period. Allstate accounts for about 1.6% of GDS Wealth Management's portfolio, making the stock its 23rd largest position. GDS Wealth Management's holdings in Allstate were worth $17,203,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its holdings in shares of Allstate by 5.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 577,934 shares of the insurance provider's stock valued at $109,605,000 after purchasing an additional 28,584 shares in the last quarter. Ameritas Advisory Services LLC boosted its position in shares of Allstate by 117.3% during the 4th quarter. Ameritas Advisory Services LLC now owns 4,896 shares of the insurance provider's stock valued at $944,000 after acquiring an additional 2,643 shares during the last quarter. Hennessy Advisors Inc. boosted its position in shares of Allstate by 6.9% during the 4th quarter. Hennessy Advisors Inc. now owns 58,600 shares of the insurance provider's stock valued at $11,297,000 after acquiring an additional 3,800 shares during the last quarter. Artemis Investment Management LLP lifted its position in Allstate by 33.3% in the fourth quarter. Artemis Investment Management LLP now owns 401,542 shares of the insurance provider's stock valued at $77,413,000 after buying an additional 100,311 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its position in Allstate by 38.0% in the third quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider's stock valued at $2,067,000 after buying an additional 2,888 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ALL. Wells Fargo & Company boosted their price target on shares of Allstate from $186.00 to $187.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 14th. Morgan Stanley upped their price target on Allstate from $220.00 to $228.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Barclays decreased 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. BMO Capital Markets increased their price objective on Allstate from $205.00 to $214.00 and gave the company an "outperform" rating in a report on Friday, October 18th. Finally, Bank of America increased their price objective on Allstate from $216.00 to $233.00 and gave the company a "buy" rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $218.13.

Allstate Price Performance

NYSE:ALL traded up $0.61 during trading hours on Wednesday, hitting $191.48. The company's stock had a trading volume of 405,658 shares, compared to its average volume of 1,693,922. The business's 50-day moving average is $193.38 and its two-hundred day moving average is $188.81. The company has a market capitalization of $50.70 billion, a PE ratio of 12.41, a PEG ratio of 1.47 and a beta of 0.52. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40. The Allstate Co. has a 52-week low of $153.87 and a 52-week high of $209.88.

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were given a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Friday, November 29th. 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.