The Allstate Co. (NYSE:ALL) Shares Bought by NBC Securities Inc.

NBC Securities Inc. increased its stake in shares of The Allstate Co. (NYSE:ALL - Free Report) by 129,200.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,586 shares of the insurance provider's stock after acquiring an additional 2,584 shares during the period. NBC Securities Inc.'s holdings in Allstate were worth $535,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Intrust Bank NA grew its holdings in Allstate by 0.5% during the fourth quarter. Intrust Bank NA now owns 12,135 shares of the insurance provider's stock worth $2,340,000 after acquiring an additional 61 shares during the period. Mather Group LLC. grew its holdings in Allstate by 1.7% during the fourth quarter. Mather Group LLC. now owns 3,616 shares of the insurance provider's stock worth $697,000 after acquiring an additional 62 shares during the period. Angeles Wealth Management LLC grew its holdings in Allstate by 4.6% during the fourth quarter. Angeles Wealth Management LLC now owns 1,403 shares of the insurance provider's stock worth $270,000 after acquiring an additional 62 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Allstate by 4.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,505 shares of the insurance provider's stock worth $290,000 after acquiring an additional 63 shares during the period. Finally, Empower Advisory Group LLC grew its holdings in Allstate by 5.3% during the fourth quarter. Empower Advisory Group LLC now owns 1,286 shares of the insurance provider's stock worth $248,000 after acquiring an additional 65 shares during the period. 76.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ALL shares. Morgan Stanley raised their target price on Allstate from $225.00 to $235.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Argus upgraded Allstate from a "hold" rating to a "buy" rating in a research report on Monday, March 3rd. Keefe, Bruyette & Woods increased their price target on Allstate from $228.00 to $235.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. BMO Capital Markets reiterated an "outperform" rating on shares of Allstate in a research report on Friday, May 16th. Finally, Raymond James reiterated a "strong-buy" rating and set a $250.00 price target (up previously from $240.00) on shares of Allstate in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Allstate has a consensus rating of "Moderate Buy" and a consensus target price of $225.20.

Allstate Price Performance

Shares of NYSE ALL traded up $1.45 during midday trading on Friday, hitting $208.10. The stock had a trading volume of 1,173,995 shares, compared to its average volume of 1,607,516. The company has a market capitalization of $55.11 billion, a PE ratio of 12.25, a P/E/G ratio of 1.01 and a beta of 0.32. The stock has a 50 day simple moving average of $199.58 and a 200-day simple moving average of $197.09. The Allstate Co. has a 1 year low of $156.66 and a 1 year high of $213.18. The company has a quick ratio of 0.40, a current ratio of 0.36 and a debt-to-equity ratio of 0.42.

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 return on equity of 28.20% and a net margin of 7.28%. The company had revenue of $14.30 billion for the quarter, compared to analysts' expectations of $16.41 billion. During the same quarter in the previous year, the business posted $5.13 EPS. The business's quarterly revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts expect that The Allstate Co. will post 18.74 EPS for the current fiscal year.

Allstate declared that its Board of Directors has approved a share buyback program 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 stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its stock is undervalued.

Allstate Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.92%. Allstate's payout ratio is 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.