Artemis Investment Management LLP Purchases 100,311 Shares of The Allstate Co. (NYSE:ALL)

Artemis Investment Management LLP raised its position in The Allstate Co. (NYSE:ALL) by 33.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 401,542 shares of the insurance provider’s stock after buying an additional 100,311 shares during the quarter. Allstate comprises about 1.1% of Artemis Investment Management LLP’s portfolio, making the stock its 25th largest position. Artemis Investment Management LLP owned about 0.15% of Allstate worth $77,413,000 at the end of the most recent reporting period.

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

Allstate Trading Down 1.2 %

NYSE:ALL opened at $188.85 on Friday. The Allstate Co. has a 52 week low of $150.17 and a 52 week high of $209.88. 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 firm’s fifty day moving average is $195.73 and its 200-day moving average is $186.32. The firm has a market cap of $50.01 billion, a P/E ratio of 12.23, a P/E/G ratio of 1.35 and a beta of 0.52.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $1.71. The business had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.81 earnings per share. Equities analysts expect that The Allstate Co. will post 16.45 earnings per share for the current year.

Allstate Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ALL shares. Morgan Stanley raised their price target on shares of Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Bank of America raised their target price on shares of Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Jefferies Financial Group upped 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. Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods upped their target price on Allstate from $235.00 to $243.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $218.13.

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.