Artemis Investment Management LLP Has $117.47 Million Position in The Allstate Corporation (NYSE:ALL)

Artemis Investment Management LLP boosted its stake in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 41.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 567,274 shares of the insurance provider's stock after acquiring an additional 165,732 shares during the quarter. Allstate makes up approximately 1.8% of Artemis Investment Management LLP's holdings, making the stock its 9th biggest holding. Artemis Investment Management LLP owned about 0.21% of Allstate worth $117,465,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC acquired a new position in shares of Allstate during the fourth quarter valued at $25,000. Twin Tree Management LP bought a new stake in Allstate during the 4th quarter worth about $27,000. Vision Financial Markets LLC bought a new stake in Allstate during the 4th quarter worth about $29,000. Hopwood Financial Services Inc. acquired a new position in Allstate during the 4th quarter valued at about $29,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Allstate in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 76.47% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. William Blair started coverage on shares of Allstate in a research report on Friday, June 6th. They set a "sector outperform" rating for the company. BMO Capital Markets reiterated an "outperform" rating on shares of Allstate in a report on Friday, May 16th. Wells Fargo & Company reduced their target price on Allstate from $200.00 to $197.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. Keefe, Bruyette & Woods boosted their target price on Allstate from $228.00 to $235.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Raymond James Financial reiterated a "strong-buy" rating and issued a $250.00 price target (up from $240.00) on shares of Allstate in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $225.20.

Allstate Stock Up 1.8%

Shares of ALL stock opened at $194.33 on Friday. The firm's fifty day moving average price is $200.83 and its two-hundred day moving average price is $196.46. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.40. The Allstate Corporation has a 1 year low of $157.50 and a 1 year high of $213.18. The firm has a market capitalization of $51.46 billion, a P/E ratio of 13.27, a PEG ratio of 0.99 and a beta of 0.35.

Allstate (NYSE:ALL - Get Free Report) last released its earnings results on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.98 by ($0.45). The company had revenue of $14.30 billion during the quarter, compared to analyst estimates of $16.41 billion. Allstate had a net margin of 6.19% and a return on equity of 24.62%. Allstate's revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.13 EPS. On average, equities analysts predict that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 9th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $4.00 annualized dividend and a dividend yield of 2.06%. Allstate's dividend payout ratio is presently 27.32%.

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.

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