Vise Technologies Inc. Buys New Position in The Allstate Co. (NYSE:ALL)

Vise Technologies Inc. acquired a new stake in The Allstate Co. (NYSE:ALL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,344 shares of the insurance provider's stock, valued at approximately $452,000.

Other large investors have also recently bought and sold shares of the company. Los Angeles Capital Management LLC raised its position in Allstate by 10.5% in the fourth quarter. Los Angeles Capital Management LLC now owns 508,664 shares of the insurance provider's stock valued at $98,065,000 after purchasing an additional 48,382 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Allstate by 56.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 186,792 shares of the insurance provider's stock valued at $36,012,000 after buying an additional 67,032 shares during the period. CIBC Asset Management Inc increased its stake in shares of Allstate by 4.7% in the fourth quarter. CIBC Asset Management Inc now owns 40,579 shares of the insurance provider's stock valued at $7,823,000 after buying an additional 1,828 shares during the period. Keybank National Association OH increased its stake in shares of Allstate by 1.7% in the fourth quarter. Keybank National Association OH now owns 344,875 shares of the insurance provider's stock valued at $66,489,000 after buying an additional 5,786 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Allstate by 63.9% in the fourth quarter. Blue Trust Inc. now owns 4,900 shares of the insurance provider's stock valued at $929,000 after buying an additional 1,911 shares during the period. 76.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ALL has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on Allstate from $217.00 to $222.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods increased their price target on Allstate from $228.00 to $235.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Morgan Stanley increased their price target on Allstate from $225.00 to $235.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Raymond James reissued 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, May 5th. Finally, Wells Fargo & Company decreased their target price on Allstate from $200.00 to $197.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $225.20.

Allstate Stock Up 1.4%

Allstate stock traded up $2.89 during mid-day trading on Friday, reaching $209.65. The stock had a trading volume of 2,491,873 shares, compared to its average volume of 1,609,779. 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 Allstate Co. has a fifty-two week low of $156.66 and a fifty-two week high of $212.91. The stock's 50-day simple moving average is $199.47 and its 200-day simple moving average is $196.76. The firm has a market capitalization of $55.52 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 1.01 and a beta of 0.32.

Allstate (NYSE:ALL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.53 EPS for the quarter, missing analysts' consensus estimates of $3.98 by ($0.45). Allstate had a net margin of 7.28% and a return on equity of 28.20%. The firm had revenue of $14.30 billion during the quarter, compared to analyst estimates of $16.41 billion. During the same period last year, the business posted $5.13 EPS. The company's revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts forecast that The Allstate Co. will post 18.74 EPS for the current fiscal year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 9th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $4.00 annualized dividend and a dividend yield of 1.91%. Allstate's payout ratio is 27.32%.

Allstate declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 26th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the insurance provider to reacquire up to 3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

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.