The Allstate Co. (NYSE:ALL) Shares Purchased by State of Wyoming

State of Wyoming raised its stake in The Allstate Co. (NYSE:ALL - Free Report) by 233.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,930 shares of the insurance provider's stock after acquiring an additional 2,751 shares during the quarter. State of Wyoming's holdings in Allstate were worth $758,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. VSM Wealth Advisory LLC acquired a new position in Allstate in the 4th quarter worth about $25,000. Twin Tree Management LP acquired a new position in shares of Allstate during the 4th quarter worth approximately $27,000. Vision Financial Markets LLC purchased a new position in shares of Allstate during the 4th quarter valued at approximately $29,000. Hopwood Financial Services Inc. acquired a new stake in Allstate in the 4th quarter valued at $29,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in Allstate in the 4th quarter worth $29,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on ALL shares. Wells Fargo & Company decreased their price objective on shares of Allstate from $200.00 to $197.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. Raymond James restated a "strong-buy" rating and issued a $250.00 target price (up previously from $240.00) on shares of Allstate in a research report on Monday, May 5th. Morgan Stanley lifted their price target on Allstate from $225.00 to $235.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. raised their price objective on Allstate from $217.00 to $222.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Finally, Barclays lowered their target price on shares of Allstate from $183.00 to $172.00 and set an "underweight" rating on the stock in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $225.20.

Allstate Trading Down 1.4%

Allstate stock traded down $2.87 during mid-day trading on Thursday, hitting $202.44. The company's stock had a trading volume of 1,179,990 shares, compared to its average volume of 1,612,798. The stock's fifty day moving average is $199.78 and its two-hundred day moving average is $196.08. 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 firm has a market capitalization of $53.61 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 1.01 and a beta of 0.32. The Allstate Co. has a 1 year low of $156.66 and a 1 year high of $212.91.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share for the quarter, missing analysts' consensus estimates of $3.98 by ($0.45). The business had revenue of $14.30 billion for the quarter, compared to analysts' expectations of $16.41 billion. Allstate had a return on equity of 28.20% and a net margin of 7.28%. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.13 earnings per share. On average, analysts anticipate that The Allstate Co. will post 18.74 EPS for the current year.

Allstate Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were issued a $1.00 dividend. This is a positive change from Allstate's previous quarterly dividend of $0.92. This represents a $4.00 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend was Monday, March 10th. Allstate's dividend payout ratio is currently 27.32%.

Allstate announced that its board has authorized a stock buyback plan on Wednesday, February 26th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the insurance provider to buy up to 3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

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.