The Allstate Co. (NYSE:ALL) Shares Acquired by Cibc World Market Inc.

Cibc World Market Inc. lifted its holdings in The Allstate Co. (NYSE:ALL) by 316.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241,057 shares of the insurance provider’s stock after buying an additional 183,235 shares during the quarter. Cibc World Market Inc.’s holdings in Allstate were worth $46,473,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. FSA Wealth Management LLC acquired a new position in Allstate in the third quarter valued at $26,000. Northwest Investment Counselors LLC acquired a new position in Allstate in the third quarter valued at $28,000. Catalyst Capital Advisors LLC acquired a new position in Allstate in the third quarter valued at $29,000. Peoples Bank KS acquired a new position in Allstate in the fourth quarter valued at $49,000. Finally, Transamerica Financial Advisors Inc. acquired a new position in Allstate in the third quarter valued at $58,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Barclays reduced their price target on Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a report on Monday, January 6th. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Morgan Stanley upped their price target on Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Jefferies Financial Group upped their price objective on Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Wells Fargo & Company raised their price objective on Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Allstate presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.13.

Allstate Trading Up 1.6 %

Shares of ALL stock opened at $193.80 on Friday. The stock has a 50-day simple moving average of $194.33 and a 200 day simple moving average of $188.10. The Allstate Co. has a fifty-two week low of $153.42 and a fifty-two week high of $209.88. The stock has a market capitalization of $51.32 billion, a P/E ratio of 12.55, a P/E/G ratio of 1.41 and a beta of 0.52. 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 posted its quarterly earnings results 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. The company had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the business earned $0.81 EPS. On average, sell-side analysts expect that The Allstate Co. will post 16.83 earnings per share for the current fiscal year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were paid a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.90%. The ex-dividend date was Friday, November 29th. Allstate’s payout ratio is 23.83%.

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.