The Allstate Co. (NYSE:ALL) Shares Bought by Bokf Na

BOKF NA grew its holdings in shares of The Allstate Co. (NYSE:ALL - Free Report) by 75.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,274 shares of the insurance provider's stock after acquiring an additional 16,048 shares during the period. BOKF NA's holdings in Allstate were worth $6,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of ALL. Ameritas Advisory Services LLC raised 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 purchasing an additional 2,643 shares during the period. Hennessy Advisors Inc. lifted its position in shares of Allstate by 6.9% in the fourth 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 in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Allstate by 10.5% in the fourth quarter. Los Angeles Capital Management LLC now owns 508,664 shares of the insurance provider's stock worth $98,065,000 after acquiring an additional 48,382 shares during the period. Artemis Investment Management LLP grew its position in shares of Allstate by 33.3% during the fourth quarter. Artemis Investment Management LLP now owns 401,542 shares of the insurance provider's stock worth $77,413,000 after purchasing an additional 100,311 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Allstate by 56.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 186,792 shares of the insurance provider's stock valued at $36,012,000 after purchasing an additional 67,032 shares during the period. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ALL has been the subject of several recent analyst reports. Wells Fargo & Company dropped their price target on Allstate from $200.00 to $197.00 and set an "equal weight" rating for the company in a research note on Tuesday. Argus raised shares of Allstate from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. Raymond James reiterated a "strong-buy" rating and issued a $250.00 price target (up previously from $240.00) on shares of Allstate in a research note on Monday. Keefe, Bruyette & Woods raised their price objective on Allstate from $228.00 to $235.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. boosted their target price on Allstate from $217.00 to $222.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $225.20.

Allstate Trading Down 0.0 %

Shares of NYSE:ALL traded down $0.05 during trading hours on Friday, hitting $202.57. 707,236 shares of the company's stock traded hands, compared to its average volume of 1,613,696. The firm has a market capitalization of $53.64 billion, a P/E ratio of 11.92, a price-to-earnings-growth ratio of 1.01 and a beta of 0.32. The business has a fifty day moving average price of $199.06 and a 200-day moving average price of $195.15. The Allstate Co. has a 1 year low of $156.66 and a 1 year high of $212.91. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.36 and a quick ratio of 0.40.

Allstate (NYSE:ALL - Get Free Report) last released its earnings results on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share for the quarter, missing the consensus estimate of $3.98 by ($0.45). Allstate had a return on equity of 28.20% and a net margin of 7.28%. The business had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $16.41 billion. During the same quarter last year, the business posted $5.13 earnings per share. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. Equities analysts expect that The Allstate Co. will post 18.74 earnings per share for the current year.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were issued a dividend of $1.00 per share. This is an increase from Allstate's previous quarterly dividend of $0.92. This represents a $4.00 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Monday, March 10th. Allstate's dividend payout ratio (DPR) is presently 27.32%.

Allstate declared that its board has initiated a stock repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the insurance provider to buy up to 3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $186.53, for a total transaction of $7,480,226.06. Following the completion of the sale, the chief financial officer now owns 18,115 shares in the company, valued at $3,378,990.95. This represents a 68.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.80% of the company's stock.

Allstate 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.