Sumitomo Mitsui DS Asset Management Company Ltd Acquires 803 Shares of The Allstate Co. (NYSE:ALL)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in The Allstate Co. (NYSE:ALL) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,611 shares of the insurance provider’s stock after purchasing an additional 803 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Allstate were worth $6,865,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ALL. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Allstate by 9.1% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 709,855 shares of the insurance provider’s stock valued at $136,853,000 after acquiring an additional 59,474 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in Allstate by 15,062.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,119,129 shares of the insurance provider’s stock worth $215,757,000 after purchasing an additional 1,111,748 shares during the period. Buck Wealth Strategies LLC bought a new stake in Allstate in the fourth quarter valued at approximately $283,000. Bleakley Financial Group LLC boosted its stake in shares of Allstate by 13.0% during the fourth quarter. Bleakley Financial Group LLC now owns 6,600 shares of the insurance provider’s stock valued at $1,272,000 after purchasing an additional 760 shares during the period. Finally, YANKCOM Partnership bought a new position in shares of Allstate in the fourth quarter worth approximately $832,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ALL. BMO Capital Markets increased their price target on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Jefferies Financial Group increased their target price on shares of Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Bank of America lifted their price objective on Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, UBS Group upped their target price on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Allstate currently has a consensus rating of “Moderate Buy” and an average price target of $218.13.

Allstate Trading Down 0.9 %

NYSE:ALL opened at $190.24 on Friday. The Allstate Co. has a one year low of $153.87 and a one year high of $209.88. The company’s 50-day simple moving average is $192.75 and its 200 day simple moving average is $188.86. The firm has a market capitalization of $50.37 billion, a P/E ratio of 12.32, a PEG ratio of 1.47 and a beta of 0.52. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share for the quarter, topping the consensus estimate of $5.40 by $2.27. Allstate had a return on equity of 26.67% and a net margin of 6.77%. As a group, analysts forecast that The Allstate Co. will post 16.96 EPS for the current fiscal year.

Allstate Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s payout ratio is 23.83%.

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.