MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $5.04 Million Stock Holdings in The Allstate Co. (NYSE:ALL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in The Allstate Co. (NYSE:ALL) by 4.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 26,137 shares of the insurance provider’s stock after acquiring an additional 1,206 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Allstate were worth $5,039,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. VSM Wealth Advisory LLC bought a new stake in Allstate during the 4th quarter worth approximately $25,000. Twin Tree Management LP acquired a new position in shares of Allstate during the fourth quarter worth $27,000. Vision Financial Markets LLC acquired a new stake in Allstate in the fourth quarter valued at $29,000. Hopwood Financial Services Inc. bought a new position in Allstate during the 4th quarter worth $29,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Allstate during the 4th quarter worth about $29,000. Institutional investors own 76.47% of the company’s stock.

Allstate Stock Performance

Shares of Allstate stock opened at $209.13 on Monday. The business has a 50-day simple moving average of $199.48 and a 200 day simple moving average of $195.75. The Allstate Co. has a one year low of $156.66 and a one year high of $212.91. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.36 and a quick ratio of 0.40. The firm has a market capitalization of $55.38 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 1.01 and a beta of 0.32.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.53 EPS for the quarter, missing the consensus estimate of $3.98 by ($0.45). Allstate had a net margin of 7.28% and a return on equity of 28.20%. 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 prior year, the firm earned $5.13 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. On average, research analysts anticipate that The Allstate Co. will post 18.74 earnings per share for the current fiscal year.

Allstate announced that its board has approved a stock repurchase program on Wednesday, February 26th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the insurance provider to repurchase up to 3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Allstate Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were issued a dividend of $1.00 per share. This is an increase from Allstate’s previous quarterly dividend of $0.92. The ex-dividend date was Monday, March 10th. This represents a $4.00 annualized dividend and a yield of 1.91%. Allstate’s dividend payout ratio is presently 27.32%.

Analysts Set New Price Targets

ALL has been the topic of a number of recent analyst reports. Evercore ISI lifted their price objective on Allstate from $227.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Wells Fargo & Company reduced their price objective on shares of Allstate from $200.00 to $197.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 6th. Argus upgraded shares of Allstate from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. Keefe, Bruyette & Woods upped their price target on shares of Allstate from $228.00 to $235.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lifted their price objective on Allstate from $217.00 to $222.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Allstate presently has an average rating of “Moderate Buy” and an average target price of $225.20.

Allstate Company 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.