St. Johns Investment Management Company LLC Grows Stock Holdings in The Allstate Co. (NYSE:ALL)

St. Johns Investment Management Company LLC raised its position in shares of The Allstate Co. (NYSE:ALL) by 6.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,222 shares of the insurance provider’s stock after buying an additional 267 shares during the period. St. Johns Investment Management Company LLC’s holdings in Allstate were worth $730,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Allstate by 11.5% during the third quarter. Vanguard Group Inc. now owns 32,270,589 shares of the insurance provider’s stock worth $3,595,266,000 after buying an additional 3,322,673 shares during the period. Wellington Management Group LLP boosted its position in shares of Allstate by 2.1% during the third quarter. Wellington Management Group LLP now owns 3,831,852 shares of the insurance provider’s stock worth $426,907,000 after buying an additional 77,295 shares during the period. Morgan Stanley boosted its position in shares of Allstate by 16.9% during the third quarter. Morgan Stanley now owns 3,701,607 shares of the insurance provider’s stock worth $412,396,000 after buying an additional 536,137 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Allstate by 0.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,629,870 shares of the insurance provider’s stock valued at $508,109,000 after purchasing an additional 27,766 shares during the period. Finally, Norges Bank purchased a new position in Allstate in the fourth quarter valued at $212,771,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ALL. Morgan Stanley lifted their target price on Allstate from $187.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, April 15th. HSBC upgraded Allstate from a “hold” rating to a “buy” rating and lifted their target price for the company from $158.00 to $190.00 in a report on Thursday, March 28th. Evercore ISI lifted their target price on Allstate from $166.00 to $173.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Wells Fargo & Company lifted their target price on Allstate from $146.00 to $153.00 and gave the company an “underweight” rating in a report on Friday, May 10th. Finally, Roth Mkm raised their price target on Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.88.

Allstate Stock Down 1.9 %

ALL opened at $158.21 on Thursday. The business’s 50-day simple moving average is $166.41 and its 200-day simple moving average is $159.86. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.36 and a current ratio of 0.36. The Allstate Co. has a one year low of $100.57 and a one year high of $177.37. The stock has a market capitalization of $41.75 billion, a P/E ratio of 34.93, a price-to-earnings-growth ratio of 1.90 and a beta of 0.50.

Allstate (NYSE:ALL) last posted its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, topping analysts’ consensus estimates of $4.11 by $1.02. The business had revenue of $15.26 billion for the quarter, compared to analysts’ expectations of $12.76 billion. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.30) earnings per share. Analysts anticipate that The Allstate Co. will post 12.15 EPS for the current year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, May 31st will be given a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 2.33%. The ex-dividend date is Friday, May 31st. Allstate’s dividend payout ratio (DPR) is presently 81.24%.

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.