Czech National Bank Has $12.60 Million Stock Holdings in The Allstate Co. (NYSE:ALL)

Czech National Bank increased its stake in The Allstate Co. (NYSE:ALL - Free Report) by 6.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,866 shares of the insurance provider's stock after purchasing an additional 3,451 shares during the period. Czech National Bank's holdings in Allstate were worth $12,604,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Allstate by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 32,635,424 shares of the insurance provider's stock worth $6,291,783,000 after buying an additional 389,426 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Allstate by 2.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,334,926 shares of the insurance provider's stock valued at $1,799,681,000 after acquiring an additional 218,771 shares in the last quarter. Bank of America Corp DE boosted its position in Allstate by 157.9% during the 4th quarter. Bank of America Corp DE now owns 6,591,138 shares of the insurance provider's stock worth $1,270,705,000 after acquiring an additional 4,035,629 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Allstate by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 6,419,728 shares of the insurance provider's stock worth $1,236,060,000 after acquiring an additional 191,147 shares in the last quarter. Finally, GQG Partners LLC raised its holdings in shares of Allstate by 64.1% in the fourth quarter. GQG Partners LLC now owns 4,316,516 shares of the insurance provider's stock valued at $832,181,000 after purchasing an additional 1,685,694 shares during the last quarter. Institutional investors own 76.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ALL. Evercore ISI raised their target price on shares of Allstate from $227.00 to $230.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. increased their price objective on shares of Allstate from $217.00 to $222.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Allstate in a research report on Friday, May 16th. Raymond James reiterated a "strong-buy" rating and set a $250.00 target price (up previously from $240.00) on shares of Allstate in a report on Monday, May 5th. Finally, Wells Fargo & Company decreased 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, May 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $225.20.

Allstate Stock Performance

Shares of ALL stock traded down $1.23 during trading on Tuesday, reaching $211.41. 1,263,468 shares of the company's stock were exchanged, compared to its average volume of 1,608,232. The Allstate Co. has a twelve month low of $156.66 and a twelve month high of $213.04. The firm's fifty day moving average price is $199.54 and its 200-day moving average price is $196.87. The company has a quick ratio of 0.40, a current ratio of 0.36 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $55.98 billion, a PE ratio of 12.44, a PEG ratio of 1.01 and a beta of 0.32.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.53 EPS for the quarter, missing the consensus estimate 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 7.28% and a return on equity of 28.20%. Allstate's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.13 earnings per share. As a group, sell-side analysts anticipate that The Allstate Co. will post 18.74 EPS for the current year.

Allstate announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 26th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the insurance provider to repurchase up to 3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

Allstate Announces Dividend

The business also recently declared 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 is Monday, June 9th. This represents a $4.00 dividend on an annualized basis and a yield of 1.89%. Allstate's dividend payout ratio (DPR) is currently 27.32%.

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.