Janus Henderson Group PLC Increases Stake in The Allstate Co. (NYSE:ALL)

Janus Henderson Group PLC boosted its stake in shares of The Allstate Co. (NYSE:ALL - Free Report) by 4.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,832 shares of the insurance provider's stock after acquiring an additional 1,517 shares during the quarter. Janus Henderson Group PLC's holdings in Allstate were worth $6,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. SeaCrest Wealth Management LLC grew its holdings in shares of Allstate by 4.1% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,645 shares of the insurance provider's stock worth $317,000 after purchasing an additional 65 shares during the last quarter. Park Avenue Securities LLC raised its holdings in Allstate by 40.8% during the 4th quarter. Park Avenue Securities LLC now owns 10,184 shares of the insurance provider's stock valued at $1,963,000 after buying an additional 2,951 shares during the last quarter. Gateway Investment Advisers LLC boosted its position in Allstate by 2.4% during the 4th quarter. Gateway Investment Advisers LLC now owns 29,744 shares of the insurance provider's stock valued at $5,734,000 after buying an additional 690 shares during the period. Carnegie Investment Counsel grew its holdings in Allstate by 116.9% in the 4th quarter. Carnegie Investment Counsel now owns 2,562 shares of the insurance provider's stock worth $494,000 after acquiring an additional 1,381 shares during the last quarter. Finally, Goldstone Financial Group LLC purchased a new position in shares of Allstate in the fourth quarter valued at about $214,000. 76.47% of the stock is currently owned by institutional investors.

Allstate Stock Down 0.9%

Shares of ALL stock traded down $1.86 during mid-day trading on Tuesday, reaching $208.09. 1,058,543 shares of the company's stock traded hands, compared to its average volume of 1,616,070. The Allstate Co. has a 12 month low of $156.66 and a 12 month high of $212.91. The company has a market cap of $55.11 billion, a P/E ratio of 12.25, a P/E/G ratio of 1.01 and a beta of 0.32. 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 company's 50-day moving average price is $199.70 and its 200-day moving average price is $195.93.

Allstate (NYSE:ALL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $16.41 billion. During the same quarter in the previous year, the business earned $5.13 earnings per share. The firm's revenue was up 7.8% compared to the same quarter last year. On average, equities analysts expect that The Allstate Co. will post 18.74 earnings per share for the current fiscal year.

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

Allstate Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were given a $1.00 dividend. This is a boost from Allstate's previous quarterly dividend of $0.92. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Monday, March 10th. Allstate's payout ratio is currently 27.32%.

Wall Street Analyst Weigh In

ALL has been the subject of a number of analyst reports. Morgan Stanley increased their target price on shares of Allstate from $225.00 to $235.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Evercore ISI upped their price target on Allstate from $227.00 to $230.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. StockNews.com upgraded Allstate from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Barclays reduced their target price on Allstate from $183.00 to $172.00 and set an "underweight" rating on the stock in a research note on Friday, April 11th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Allstate in a report on Friday. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $225.20.

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.