KBC Group NV Grows Position in The Allstate Co. (NYSE:ALL)

KBC Group NV increased its position in The Allstate Co. (NYSE:ALL) by 6.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 231,250 shares of the insurance provider’s stock after buying an additional 13,954 shares during the quarter. KBC Group NV owned 0.09% of Allstate worth $44,583,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Allstate by 5.2% during the third quarter. JPMorgan Chase & Co. now owns 577,934 shares of the insurance provider’s stock valued at $109,605,000 after acquiring an additional 28,584 shares during the last quarter. Ameritas Advisory Services LLC increased its holdings in 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 purchasing an additional 2,643 shares during the period. Hennessy Advisors Inc. raised its position in 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 purchasing an additional 3,800 shares during the last quarter. Artemis Investment Management LLP lifted its holdings in Allstate by 33.3% in the 4th quarter. Artemis Investment Management LLP now owns 401,542 shares of the insurance provider’s stock worth $77,413,000 after buying an additional 100,311 shares during the period. Finally, Eagle Asset Management Inc. grew its position in shares of Allstate by 38.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider’s stock worth $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.

Allstate Stock Up 3.7 %

NYSE:ALL opened at $193.02 on Tuesday. The firm has a 50-day simple moving average of $194.70 and a two-hundred day simple moving average of $187.66. The firm has a market cap of $51.11 billion, a P/E ratio of 12.50, a P/E/G ratio of 1.41 and a beta of 0.52. The Allstate Co. has a fifty-two week low of $153.42 and a fifty-two 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.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, topping 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 company had revenue of $16.63 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same period in the previous year, the business earned $0.81 EPS. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. Analysts predict that The Allstate Co. will post 16.83 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were given a dividend of $0.92 per share. The ex-dividend date was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a yield of 1.91%. Allstate’s dividend payout ratio (DPR) is 23.83%.

Wall Street Analyst Weigh In

A number of analysts recently commented on ALL shares. BMO Capital Markets raised their price target on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. lifted their target price on shares of Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Wells Fargo & Company increased 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. Bank of America lifted their price objective on Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Raymond James increased their target price on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Allstate has an average rating of “Moderate Buy” and an average 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.