Quantinno Capital Management LP Has $14.80 Million Stock Holdings in The Allstate Co. (NYSE:ALL)

Quantinno Capital Management LP boosted its holdings in The Allstate Co. (NYSE:ALL - Free Report) by 24.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,759 shares of the insurance provider's stock after acquiring an additional 15,229 shares during the period. Quantinno Capital Management LP's holdings in Allstate were worth $14,798,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Allstate by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 32,635,424 shares of the insurance provider's stock worth $6,291,783,000 after purchasing an additional 389,426 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Allstate by 2.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,334,926 shares of the insurance provider's stock valued at $1,799,681,000 after purchasing an additional 218,771 shares during the last quarter. Bank of America Corp DE increased its position in shares of Allstate by 157.9% during the fourth quarter. Bank of America Corp DE now owns 6,591,138 shares of the insurance provider's stock worth $1,270,705,000 after buying an additional 4,035,629 shares during the period. Geode Capital Management LLC raised its position in shares of Allstate by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 6,419,728 shares of the insurance provider's stock worth $1,236,060,000 after acquiring an additional 191,147 shares in the last quarter. Finally, GQG Partners LLC grew its stake in Allstate by 64.1% during the fourth quarter. GQG Partners LLC now owns 4,316,516 shares of the insurance provider's stock worth $832,181,000 after purchasing an additional 1,685,694 shares during the period. 76.47% of the stock is owned by institutional investors.

Allstate Trading Up 0.0%

Shares of Allstate stock opened at $202.56 on Wednesday. The stock has a fifty day moving average price of $199.22 and a 200-day moving average price of $195.34. 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 firm has a market cap of $53.64 billion, a PE ratio of 11.92, a P/E/G 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 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). Allstate had a net margin of 7.28% and a return on equity of 28.20%. The company had revenue of $14.30 billion during the quarter, compared to analysts' expectations of $16.41 billion. During the same quarter in the previous year, the firm earned $5.13 earnings per share. The firm's revenue was up 7.8% compared to the same quarter last year. Equities research analysts anticipate that The Allstate Co. will post 18.74 EPS for the current year.

Allstate announced that its board has initiated a stock repurchase 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 of directors believes its stock is undervalued.

Allstate Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were given a $1.00 dividend. This is an increase from Allstate's previous quarterly dividend of $0.92. This represents a $4.00 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Monday, March 10th. Allstate's dividend payout ratio (DPR) is currently 27.32%.

Analysts Set New Price Targets

A number of research firms recently issued reports on ALL. Argus upgraded shares of Allstate from a "hold" rating to a "buy" rating in a research report on Monday, March 3rd. StockNews.com raised shares of Allstate from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Morgan Stanley increased their price target on 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 Allstate from $217.00 to $222.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Finally, Raymond James reiterated a "strong-buy" rating and issued a $250.00 target price (up from $240.00) on shares of Allstate in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $225.20.

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.

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