Kepler Cheuvreux Suisse SA Acquires Shares of 8,341 The Allstate Corporation $ALL

Kepler Cheuvreux Suisse SA bought a new position in The Allstate Corporation (NYSE:ALL) during the 3rd quarter, Holdings Channel.com reports. The firm bought 8,341 shares of the insurance provider’s stock, valued at approximately $1,790,000.

Several other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in Allstate by 60.2% during the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock valued at $1,253,000 after buying an additional 2,443 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in Allstate in the 4th quarter worth $231,000. AE Wealth Management LLC increased its position in shares of Allstate by 20.8% in the second quarter. AE Wealth Management LLC now owns 4,288 shares of the insurance provider’s stock valued at $863,000 after acquiring an additional 739 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Allstate in the second quarter valued at about $640,000. Finally, Vise Technologies Inc. bought a new position in shares of Allstate during the second quarter valued at about $1,225,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Price Performance

ALL opened at $205.46 on Thursday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.26. The company has a market cap of $53.33 billion, a price-to-earnings ratio of 5.38, a price-to-earnings-growth ratio of 0.43 and a beta of 0.23. The stock has a fifty day simple moving average of $204.54 and a two-hundred day simple moving average of $204.66. The Allstate Corporation has a 12-month low of $176.00 and a 12-month high of $216.75.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, February 4th. The insurance provider reported $14.31 EPS for the quarter, beating analysts’ consensus estimates of $8.72 by $5.59. The firm had revenue of $17.35 billion for the quarter, compared to analysts’ expectations of $17.23 billion. Allstate had a net margin of 15.19% and a return on equity of 39.20%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $7.67 EPS. Research analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Monday, March 2nd. This is an increase from Allstate’s previous quarterly dividend of $1.00. This represents a $4.32 annualized dividend and a yield of 2.1%. Allstate’s payout ratio is presently 11.31%.

Insiders Place Their Bets

In other Allstate news, insider Suren Gupta sold 19,593 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $210.00, for a total value of $4,114,530.00. Following the sale, the insider owned 100,646 shares in the company, valued at approximately $21,135,660. This represents a 16.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group reiterated a “neutral” rating and set a $231.00 target price on shares of Allstate in a report on Thursday, March 5th. Mizuho upped their price target on Allstate from $255.00 to $281.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. William Blair cut Allstate from an “outperform” rating to a “market perform” rating in a report on Thursday, December 18th. Morgan Stanley reiterated an “equal weight” rating and issued a $215.00 price objective (down from $245.00) on shares of Allstate in a research report on Tuesday, December 16th. Finally, Evercore set a $225.00 target price on Allstate in a research note on Wednesday, January 7th. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $238.88.

Allstate Company Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.