MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stock Holdings in The Allstate Co. (NYSE:ALL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in The Allstate Co. (NYSE:ALL - Free Report) by 4.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,137 shares of the insurance provider's stock after buying an additional 1,206 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Allstate were worth $5,039,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Investor s Fiduciary Advisor Network LLC bought a new stake in shares of Allstate during the fourth quarter valued at approximately $542,000. Janus Henderson Group PLC grew its position in Allstate by 4.7% in the 4th quarter. Janus Henderson Group PLC now owns 33,832 shares of the insurance provider's stock valued at $6,523,000 after purchasing an additional 1,517 shares during the period. Jefferies Financial Group Inc. increased its stake in Allstate by 339.6% during the 4th quarter. Jefferies Financial Group Inc. now owns 7,609 shares of the insurance provider's stock valued at $1,467,000 after purchasing an additional 5,878 shares in the last quarter. Guardian Wealth Advisors LLC NC raised its holdings in Allstate by 40.8% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 1,833 shares of the insurance provider's stock worth $353,000 after buying an additional 531 shares during the last quarter. Finally, Graham Capital Management L.P. bought a new position in shares of Allstate in the fourth quarter valued at $6,052,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Stock Performance

Shares of ALL stock traded down $2.87 during trading hours on Thursday, hitting $202.44. 1,179,990 shares of the company were exchanged, compared to its average volume of 1,612,798. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $53.61 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 1.01 and a beta of 0.32. The firm has a fifty day simple moving average of $199.78 and a 200 day simple moving average of $196.08. The Allstate Co. has a 52-week low of $156.66 and a 52-week high of $212.91.

Allstate (NYSE:ALL - Get Free Report) last announced its quarterly earnings data 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 net margin of 7.28% and a return on equity of 28.20%. The firm had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $16.41 billion. During the same period last year, the company posted $5.13 earnings per share. Allstate's revenue for the quarter was up 7.8% on a year-over-year basis. Research analysts predict that The Allstate Co. will post 18.74 earnings per share for the current fiscal year.

Allstate Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were paid a dividend of $1.00 per share. This is an increase from Allstate's previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.00 annualized dividend and a dividend yield of 1.98%. Allstate's dividend payout ratio is presently 27.32%.

Allstate announced that its board has approved a stock buyback plan on Wednesday, February 26th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the insurance provider to repurchase up to 3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

ALL has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price objective on shares of Allstate from $200.00 to $197.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Evercore ISI raised their price target 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. BMO Capital Markets reissued an "outperform" rating on shares of Allstate in a report on Friday, May 16th. Barclays dropped their target price on Allstate from $183.00 to $172.00 and set an "underweight" rating on the stock in a report on Friday, April 11th. Finally, 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 report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently 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.