The Allstate Co. (NYSE:ALL) Position Boosted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its holdings in shares of The Allstate Co. (NYSE:ALL - Free Report) by 24.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 131,792 shares of the insurance provider's stock after acquiring an additional 25,767 shares during the period. Assenagon Asset Management S.A.'s holdings in Allstate were worth $25,408,000 as of its most recent SEC filing.

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

Allstate Stock Performance

Shares of NYSE:ALL traded down $2.25 on Friday, hitting $188.85. The company's stock had a trading volume of 1,518,986 shares, compared to its average volume of 2,156,026. The company has a market capitalization of $50.01 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 1.35 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 12 month low of $150.17 and a 12 month high of $209.88. The stock's 50-day moving average is $195.89 and its two-hundred day moving average is $186.12.

Allstate (NYSE:ALL - Get Free Report) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The firm had revenue of $16.63 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the prior year, the firm posted $0.81 EPS. Allstate's revenue was up 14.7% compared to the same quarter last year. On average, equities research analysts forecast that The Allstate Co. will post 16.45 EPS for the current year.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Friday, November 29th. Allstate's payout ratio is currently 23.83%.

Analyst Ratings Changes

ALL has been the subject of several research reports. Piper Sandler lifted their target price on Allstate from $206.00 to $244.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 26th. Raymond James lifted their price objective 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. Morgan Stanley increased their target price on shares of Allstate from $220.00 to $228.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. The Goldman Sachs Group lifted their price target on shares of Allstate from $209.00 to $230.00 and gave the company a "buy" rating in a report on Friday, November 15th. Finally, Barclays dropped 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $218.13.

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.