iSAM Funds UK Ltd Cuts Stake in The Allstate Co. (NYSE:ALL)

iSAM Funds UK Ltd trimmed its position in shares of The Allstate Co. (NYSE:ALL) by 10.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,421 shares of the insurance provider’s stock after selling 270 shares during the quarter. iSAM Funds UK Ltd’s holdings in Allstate were worth $467,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC boosted its holdings in shares of Allstate by 30.5% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,456 shares of the insurance provider’s stock valued at $281,000 after acquiring an additional 340 shares during the last quarter. Merit Financial Group LLC boosted its holdings in shares of Allstate by 78.9% during the 4th quarter. Merit Financial Group LLC now owns 3,909 shares of the insurance provider’s stock valued at $754,000 after acquiring an additional 1,724 shares during the last quarter. Ameritas Advisory Services LLC boosted its holdings in shares of Allstate by 117.3% during the 4th 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 last quarter. Aaron Wealth Advisors LLC boosted its holdings in shares of Allstate by 9.5% during the 4th quarter. Aaron Wealth Advisors LLC now owns 1,660 shares of the insurance provider’s stock valued at $320,000 after acquiring an additional 144 shares during the last quarter. Finally, Grove Bank & Trust boosted its holdings in shares of Allstate by 88.8% during the 4th quarter. Grove Bank & Trust now owns 755 shares of the insurance provider’s stock valued at $146,000 after acquiring an additional 355 shares during the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ALL shares. Morgan Stanley raised their price target on shares of Allstate from $225.00 to $235.00 and gave the company an “overweight” rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. raised their price target on shares of Allstate from $217.00 to $222.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. Wells Fargo & Company dropped their price target on shares of Allstate from $200.00 to $197.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 6th. Evercore ISI raised their price objective on shares of Allstate from $227.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Finally, Argus raised shares of Allstate from a “hold” rating to a “buy” rating in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $225.20.

Allstate Price Performance

NYSE ALL opened at $208.09 on Wednesday. The Allstate Co. has a 12 month low of $156.66 and a 12 month high of $212.91. The stock has a market cap of $55.11 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 1.01 and a beta of 0.32. The company’s 50 day moving average is $199.83 and its two-hundred day moving average is $196.02. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, April 30th. The insurance provider reported $3.53 EPS for the quarter, missing analysts’ consensus estimates of $3.98 by ($0.45). Allstate had a return on equity of 28.20% and a net margin of 7.28%. The firm had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $16.41 billion. During the same quarter in the previous year, the business posted $5.13 EPS. Allstate’s revenue was up 7.8% on a year-over-year basis. As a group, research analysts anticipate that The Allstate Co. will post 18.74 earnings per share for the current year.

Allstate announced that its board has approved a share repurchase program on Wednesday, February 26th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the insurance provider to reacquire up to 3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Allstate Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were paid a dividend of $1.00 per share. This is a boost from Allstate’s previous quarterly dividend of $0.92. The ex-dividend date was Monday, March 10th. This represents a $4.00 dividend on an annualized basis and a yield of 1.92%. Allstate’s dividend payout ratio (DPR) is presently 27.32%.

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.