Investor s Fiduciary Advisor Network LLC Invests $542,000 in The Allstate Co. (NYSE:ALL)

Investor s Fiduciary Advisor Network LLC purchased a new stake in The Allstate Co. (NYSE:ALL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,816 shares of the insurance provider's stock, valued at approximately $542,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC acquired a new position in shares of Allstate during the 4th quarter worth about $25,000. Twin Tree Management LP acquired a new position in shares of Allstate during the 4th quarter worth about $27,000. Vision Financial Markets LLC acquired a new position in shares of Allstate during the 4th quarter worth about $29,000. Hopwood Financial Services Inc. acquired a new position in shares of Allstate during the 4th quarter worth about $29,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Allstate during the 4th quarter worth about $29,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Stock Performance

NYSE ALL traded up $3.86 during trading on Friday, reaching $209.13. The company's stock had a trading volume of 1,110,471 shares, compared to its average volume of 1,617,479. 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 $55.38 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth 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 firm has a 50 day moving average price of $199.48 and a 200 day moving average price of $195.69.

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

Allstate Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders 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 dividend on an annualized basis and a yield of 1.91%. This is an increase from Allstate's previous quarterly dividend of $0.92. Allstate's payout ratio is currently 27.32%.

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

Wall Street Analyst Weigh In

ALL has been the topic of several recent analyst reports. Morgan Stanley boosted their price objective on shares of 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. boosted their price objective on shares of Allstate from $217.00 to $222.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Argus upgraded shares of Allstate from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of Allstate from $228.00 to $235.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, Barclays lowered their price objective 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 equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average 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.