Caisse DE Depot ET Placement DU Quebec Has $76.10 Million Position in The Allstate Co. (NYSE:ALL)

Caisse DE Depot ET Placement DU Quebec boosted its holdings in The Allstate Co. (NYSE:ALL - Free Report) by 10.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 394,720 shares of the insurance provider's stock after acquiring an additional 38,655 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.15% of Allstate worth $76,098,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Allstate by 5.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 577,934 shares of the insurance provider's stock worth $109,605,000 after buying an additional 28,584 shares during the period. Ameritas Advisory Services LLC lifted its holdings in shares of Allstate by 117.3% during the fourth quarter. Ameritas Advisory Services LLC now owns 4,896 shares of the insurance provider's stock valued at $944,000 after acquiring an additional 2,643 shares during the period. Hennessy Advisors Inc. boosted its stake in shares of Allstate by 6.9% in the 4th quarter. Hennessy Advisors Inc. now owns 58,600 shares of the insurance provider's stock valued at $11,297,000 after purchasing an additional 3,800 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Allstate by 10.5% in the 4th quarter. Los Angeles Capital Management LLC now owns 508,664 shares of the insurance provider's stock worth $98,065,000 after purchasing an additional 48,382 shares during the last quarter. Finally, Artemis Investment Management LLP increased its position in shares of Allstate by 33.3% during the 4th quarter. Artemis Investment Management LLP now owns 401,542 shares of the insurance provider's stock worth $77,413,000 after purchasing an additional 100,311 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company's stock.

Wall Street Analyst Weigh In

ALL has been the topic of a number of recent analyst reports. Evercore ISI boosted their price target on shares of Allstate from $227.00 to $230.00 and gave the company an "outperform" rating in a research report on Thursday. StockNews.com raised Allstate from a "hold" rating to a "buy" rating in a report on Thursday. Argus raised Allstate from a "hold" rating to a "buy" rating in a report on Monday, March 3rd. Raymond James reissued a "strong-buy" rating and issued a $250.00 price objective (up previously from $240.00) on shares of Allstate in a research note on Monday. Finally, Barclays lowered their target price on Allstate from $183.00 to $172.00 and set an "underweight" rating for the company in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $223.60.

Insider Activity

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $186.53, for a total value of $7,480,226.06. Following the completion of the sale, the chief financial officer now owns 18,115 shares of the company's stock, valued at approximately $3,378,990.95. This represents a 68.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is currently owned by company insiders.

Allstate Trading Up 0.5 %

Shares of ALL traded up $1.08 on Monday, reaching $200.38. 1,292,704 shares of the company's stock were exchanged, compared to its average volume of 1,617,797. The Allstate Co. has a 12 month low of $156.66 and a 12 month high of $212.91. The stock has a market capitalization of $53.13 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 1.01 and a beta of 0.32. 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 business has a 50 day moving average price of $198.49 and a two-hundred day moving average price of $194.87.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly 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 analyst estimates of $16.41 billion. During the same period last year, the company earned $5.13 EPS. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. Research analysts anticipate that The Allstate Co. will post 18.74 earnings per share for the current year.

Allstate Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were given a dividend of $1.00 per share. This is a positive change from Allstate's previous quarterly dividend of $0.92. This represents a $4.00 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Monday, March 10th. Allstate's payout ratio is presently 27.32%.

Allstate announced that its board has approved a share buyback plan 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 stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

About Allstate

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.