6,187 Shares in The Allstate Co. (NYSE:ALL) Bought by Texas Bank & Trust Co

Texas Bank & Trust Co bought a new position in shares of The Allstate Co. (NYSE:ALL - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,187 shares of the insurance provider's stock, valued at approximately $1,193,000.

A number of other institutional investors also recently modified their holdings of the company. Tidal Investments LLC boosted its position in Allstate by 171.9% during the 4th quarter. Tidal Investments LLC now owns 110,832 shares of the insurance provider's stock valued at $21,367,000 after acquiring an additional 70,073 shares in the last quarter. Tolleson Wealth Management Inc. bought a new stake in Allstate during the 4th quarter valued at approximately $234,000. State of Wyoming boosted its position in Allstate by 233.3% during the 4th quarter. State of Wyoming now owns 3,930 shares of the insurance provider's stock valued at $758,000 after acquiring an additional 2,751 shares in the last quarter. Stonebrook Private Inc. boosted its position in Allstate by 3.9% during the 4th quarter. Stonebrook Private Inc. now owns 4,223 shares of the insurance provider's stock valued at $814,000 after acquiring an additional 157 shares in the last quarter. Finally, Tang Capital Management LLC boosted its position in Allstate by 322.1% during the 4th quarter. Tang Capital Management LLC now owns 5,319 shares of the insurance provider's stock valued at $1,025,000 after acquiring an additional 4,059 shares in the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ALL has been the subject of several recent research reports. Raymond James reiterated a "strong-buy" rating and set a $250.00 target price (up from $240.00) on shares of Allstate in a report on Monday, May 5th. Barclays decreased their target price on shares of Allstate from $183.00 to $172.00 and set an "underweight" rating for the company in a report on Friday, April 11th. Morgan Stanley lifted 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. JPMorgan Chase & Co. boosted their price objective on shares of Allstate from $217.00 to $222.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Allstate in a report on Friday. 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $225.20.

Allstate Stock Performance

Shares of NYSE:ALL traded down $1.86 during midday trading on Tuesday, hitting $208.09. The company had a trading volume of 1,058,543 shares, compared to its average volume of 1,616,070. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.36 and a quick ratio of 0.40. The company has a market cap of $55.11 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 1.01 and a beta of 0.32. The Allstate Co. has a 12-month low of $156.66 and a 12-month high of $212.91. The company has a fifty day moving average of $199.83 and a two-hundred day moving average of $196.02.

Allstate (NYSE:ALL - Get Free Report) last posted 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 analysts' expectations of $16.41 billion. Allstate had a return on equity of 28.20% and a net margin of 7.28%. The company's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $5.13 earnings per share. On average, equities research analysts expect that The Allstate Co. will post 18.74 EPS for the current fiscal year.

Allstate Increases Dividend

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

Allstate declared that its Board of Directors has authorized a stock repurchase program on Wednesday, February 26th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the insurance provider to buy up to 3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its stock is undervalued.

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.