The Allstate Co. (NYSE:ALL) Position Increased by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC increased its stake in The Allstate Co. (NYSE:ALL - Free Report) by 205.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,953 shares of the insurance provider's stock after purchasing an additional 10,058 shares during the period. Silvercrest Asset Management Group LLC's holdings in Allstate were worth $2,883,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. VSM Wealth Advisory LLC acquired a new stake in Allstate in the 4th quarter valued at approximately $25,000. Twin Tree Management LP acquired a new stake in Allstate in the 4th quarter valued at approximately $27,000. Vision Financial Markets LLC acquired a new stake in Allstate in the 4th quarter valued at approximately $29,000. Hopwood Financial Services Inc. acquired a new stake in Allstate in the 4th quarter valued at approximately $29,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Allstate in the 4th quarter valued at approximately $29,000. Institutional investors own 76.47% of the company's stock.

Allstate Stock Performance

Shares of NYSE ALL opened at $209.90 on Tuesday. 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 stock has a market capitalization of $55.59 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 1.01 and a beta of 0.32. The stock's fifty day simple moving average is $199.70 and its 200 day simple moving average is $195.93. 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 issued its earnings results on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.98 by ($0.45). The company had revenue of $14.30 billion during the quarter, compared to analyst estimates of $16.41 billion. Allstate had a return on equity of 28.20% and a net margin of 7.28%. The business's revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.13 earnings per share. As a group, sell-side analysts forecast that The Allstate Co. will post 18.74 earnings per share for the current fiscal year.

Allstate declared that its Board of Directors has authorized a share repurchase 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 buy up to 3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

Allstate Increases Dividend

The business 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. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.91%. This is a boost from Allstate's previous quarterly dividend of $0.92. The ex-dividend date was Monday, March 10th. Allstate's payout ratio is presently 27.32%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. StockNews.com upgraded Allstate from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. raised their target price on Allstate from $217.00 to $222.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods lifted 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. Raymond James reiterated a "strong-buy" rating and set a $250.00 price target (up from $240.00) on shares of Allstate in a research report on Monday, May 5th. Finally, Morgan Stanley lifted their price target on Allstate from $225.00 to $235.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. 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 given a strong buy rating to the stock. According to data from MarketBeat, Allstate has a consensus rating of "Moderate Buy" and an average target price of $225.20.

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.

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