Federated Hermes Inc. Has $51.24 Million Stock Position in The Allstate Co. (NYSE:ALL)

Federated Hermes Inc. raised its holdings in The Allstate Co. (NYSE:ALL - Free Report) by 63.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 265,767 shares of the insurance provider's stock after buying an additional 102,937 shares during the period. Federated Hermes Inc. owned approximately 0.10% of Allstate worth $51,235,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Apella Capital LLC grew its stake in Allstate by 1.9% during the fourth quarter. Apella Capital LLC now owns 3,231 shares of the insurance provider's stock worth $623,000 after buying an additional 60 shares during the period. Intrust Bank NA lifted its holdings in shares of Allstate by 0.5% during the 4th quarter. Intrust Bank NA now owns 12,135 shares of the insurance provider's stock valued at $2,340,000 after acquiring an additional 61 shares in the last quarter. Perigon Wealth Management LLC boosted its position in Allstate by 2.1% during the 4th quarter. Perigon Wealth Management LLC now owns 2,990 shares of the insurance provider's stock worth $571,000 after purchasing an additional 62 shares during the period. Mather Group LLC. increased its holdings in Allstate by 1.7% in the 4th quarter. Mather Group LLC. now owns 3,616 shares of the insurance provider's stock valued at $697,000 after purchasing an additional 62 shares in the last quarter. Finally, Angeles Wealth Management LLC raised its position in Allstate by 4.6% in the fourth quarter. Angeles Wealth Management LLC now owns 1,403 shares of the insurance provider's stock valued at $270,000 after purchasing an additional 62 shares during the period. Institutional investors and hedge funds own 76.47% of the company's stock.

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Analyst Ratings Changes

ALL has been the subject of a number of analyst reports. Wells Fargo & Company upped their price target on Allstate from $186.00 to $187.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 14th. StockNews.com upgraded Allstate from a "hold" rating to a "buy" rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods cut their target price on Allstate from $240.00 to $228.00 and set an "outperform" rating on the stock in a research report on Wednesday. Evercore ISI upgraded Allstate from an "in-line" rating to an "outperform" rating in a research note on Wednesday, January 8th. Finally, Argus raised Allstate from a "hold" rating to a "buy" rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $219.27.

Allstate Stock Performance

Shares of ALL traded up $1.79 during midday trading on Friday, hitting $192.58. 1,876,905 shares of the stock traded hands, compared to its average volume of 1,619,636. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.40 and a current ratio of 0.36. The business's 50 day moving average price is $196.82 and its two-hundred day moving average price is $194.22. The firm has a market capitalization of $51.04 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 1.01 and a beta of 0.36. The Allstate Co. has a 1-year low of $156.66 and a 1-year high of $212.91.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share for the quarter, beating analysts' consensus estimates of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. Equities research analysts predict that The Allstate Co. will post 18.74 EPS for the current fiscal year.

Allstate Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were issued a $1.00 dividend. The ex-dividend date was Monday, March 10th. This represents a $4.00 annualized dividend and a yield of 2.08%. This is an increase from Allstate's previous quarterly dividend of $0.92. Allstate's dividend payout ratio is presently 23.54%.

Allstate declared that its Board of Directors has initiated a share buyback program on Wednesday, February 26th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the insurance provider to repurchase up to 3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Insider Activity at Allstate

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $186.53, for a total value of $7,480,226.06. Following the completion of the sale, the chief financial officer now directly owns 18,115 shares of the company's stock, valued at approximately $3,378,990.95. This represents a 68.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by insiders.

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.