Park Avenue Securities LLC Has $1.96 Million Holdings in The Allstate Co. (NYSE:ALL)

Park Avenue Securities LLC raised its holdings in shares of The Allstate Co. (NYSE:ALL) by 40.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,184 shares of the insurance provider’s stock after purchasing an additional 2,951 shares during the period. Park Avenue Securities LLC’s holdings in Allstate were worth $1,963,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Allstate by 5.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 577,934 shares of the insurance provider’s stock valued at $109,605,000 after purchasing an additional 28,584 shares during the period. Eagle Asset Management Inc. raised its position in shares of Allstate by 38.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider’s stock valued at $2,067,000 after acquiring an additional 2,888 shares during the period. Bank of Montreal Can raised its position in shares of Allstate by 1.7% in the 3rd quarter. Bank of Montreal Can now owns 683,574 shares of the insurance provider’s stock valued at $128,758,000 after acquiring an additional 11,195 shares during the period. Blueshift Asset Management LLC acquired a new stake in shares of Allstate in the 3rd quarter valued at approximately $623,000. Finally, Brookstone Capital Management raised its position in shares of Allstate by 63.0% in the 4th quarter. Brookstone Capital Management now owns 10,498 shares of the insurance provider’s stock valued at $2,024,000 after acquiring an additional 4,059 shares during the period. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Price Performance

Shares of ALL opened at $188.85 on Friday. The stock has a market capitalization of $50.01 billion, a P/E ratio of 12.23, a P/E/G ratio of 1.35 and a beta of 0.52. The Allstate Co. has a twelve month low of $150.17 and a twelve month high of $209.88. The company has a 50 day moving average of $195.73 and a 200-day moving average of $186.32. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, beating the consensus estimate of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The business had revenue of $16.63 billion during the quarter, compared to analysts’ expectations of $14.57 billion. During the same period last year, the business earned $0.81 earnings per share. The firm’s revenue was up 14.7% on a year-over-year basis. As a group, equities research analysts forecast that The Allstate Co. will post 16.45 EPS for the current fiscal year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were paid a $0.92 dividend. The ex-dividend date was Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.95%. Allstate’s dividend payout ratio is presently 23.83%.

Analysts Set New Price Targets

A number of analysts recently weighed in on ALL shares. JPMorgan Chase & Co. increased their price target on shares of Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Jefferies Financial Group increased their price target on shares of Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. BMO Capital Markets increased their target price on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Finally, UBS Group increased their target price on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $218.13.

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.