Kathmere Capital Management LLC Increases Stake in The Allstate Co. (NYSE:ALL)

Kathmere Capital Management LLC increased its position in shares of The Allstate Co. (NYSE:ALL) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,732 shares of the insurance provider’s stock after purchasing an additional 173 shares during the period. Kathmere Capital Management LLC’s holdings in Allstate were worth $1,298,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of Allstate by 5.2% during the third quarter. JPMorgan Chase & Co. now owns 577,934 shares of the insurance provider’s stock valued at $109,605,000 after buying an additional 28,584 shares during the period. Eagle Asset Management Inc. lifted its stake in shares of Allstate by 38.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider’s stock worth $2,067,000 after acquiring an additional 2,888 shares during the last quarter. Bank of Montreal Can boosted its holdings in Allstate by 1.7% during 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 bought a new position in Allstate in the 3rd quarter valued at $623,000. Finally, International Assets Investment Management LLC purchased a new stake in Allstate in the fourth quarter worth $14,518,000. 76.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ALL. Evercore ISI raised shares of Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Morgan Stanley boosted their price objective on shares of Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Bank of America raised their target price on shares of Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Wells Fargo & Company boosted their price target on Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, The Goldman Sachs Group raised their price objective on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.13.

Allstate Trading Up 2.4 %

NYSE:ALL opened at $186.87 on Wednesday. The firm has a 50 day moving average of $195.89 and a 200 day moving average of $186.07. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43. The Allstate Co. has a 52 week low of $150.17 and a 52 week high of $209.88. The stock has a market capitalization of $49.48 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 1.70 and a beta of 0.52.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The firm had revenue of $16.63 billion during the quarter, compared to analysts’ expectations of $14.57 billion. During the same quarter last year, the firm earned $0.81 EPS. The business’s quarterly revenue was up 14.7% on a year-over-year basis. As a group, sell-side analysts anticipate that The Allstate Co. will post 16.26 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.97%. Allstate’s payout ratio is 23.83%.

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.