Raiffeisen Bank International AG Acquires New Position in The Allstate Co. (NYSE:ALL)

Raiffeisen Bank International AG acquired a new stake in The Allstate Co. (NYSE:ALL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 63,020 shares of the insurance provider's stock, valued at approximately $12,135,000.

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

Allstate Price Performance

ALL stock opened at $205.10 on Friday. The firm has a market cap of $54.31 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 1.01 and a beta of 0.32. 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 Allstate Co. has a 12-month low of $156.66 and a 12-month high of $212.91. The company's fifty day simple moving average is $199.34 and its 200 day simple moving average is $195.49.

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

Allstate announced that its board has authorized a stock repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the insurance provider to purchase up to 3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

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. This is a positive change from Allstate's previous quarterly dividend of $0.92. The ex-dividend date was Monday, March 10th. This represents a $4.00 annualized dividend and a yield of 1.95%. Allstate's payout ratio is presently 27.32%.

Wall Street Analysts Forecast Growth

ALL has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price 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. Morgan Stanley boosted their target price 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. Barclays decreased 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. Argus raised shares of Allstate from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. Finally, StockNews.com raised shares of Allstate from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock 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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