Greater Midwest Financial Group LLC Has $1.44 Million Stock Position in The Allstate Co. (NYSE:ALL)

Greater Midwest Financial Group LLC boosted its stake in shares of The Allstate Co. (NYSE:ALL) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,488 shares of the insurance provider’s stock after purchasing an additional 788 shares during the quarter. Allstate accounts for approximately 0.9% of Greater Midwest Financial Group LLC’s holdings, making the stock its 26th biggest position. Greater Midwest Financial Group LLC’s holdings in Allstate were worth $1,444,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. FSA Wealth Management LLC acquired a new position in shares of Allstate in the third quarter valued at $26,000. Northwest Investment Counselors LLC acquired a new position in shares of Allstate in the 3rd quarter valued at $28,000. Catalyst Capital Advisors LLC bought a new position in shares of Allstate during the 3rd quarter worth about $29,000. Peoples Bank KS acquired a new stake in shares of Allstate during the 4th quarter valued at about $49,000. Finally, Transamerica Financial Advisors Inc. bought a new stake in Allstate in the third quarter valued at about $58,000. 76.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays decreased their price objective on Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a report on Monday, January 6th. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. Morgan Stanley lifted their price objective on Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. BMO Capital Markets upped their target price on shares of Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Finally, The Goldman Sachs Group boosted their price target on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $218.13.

Allstate Trading Down 0.3 %

ALL stock opened at $184.63 on Friday. The business has a fifty day moving average of $195.15 and a 200-day moving average of $187.10. The company has a market cap of $48.89 billion, a P/E ratio of 11.96, a PEG ratio of 1.45 and a beta of 0.52. The Allstate Co. has a twelve month low of $153.42 and a twelve month high of $209.88. 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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The company had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the prior year, the company posted $0.81 EPS. The company’s revenue was up 14.7% compared to the same quarter last year. As a group, equities research analysts expect that The Allstate Co. will post 16.72 EPS for the current year.

Allstate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders 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 dividend on an annualized basis and a yield of 1.99%. Allstate’s payout ratio is presently 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.