Sumitomo Mitsui Trust Group Inc. Boosts Stake in The Allstate Co. (NYSE:ALL)

Sumitomo Mitsui Trust Group Inc. lifted its holdings in The Allstate Co. (NYSE:ALL) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 709,855 shares of the insurance provider’s stock after purchasing an additional 59,474 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.27% of Allstate worth $136,853,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Atomi Financial Group Inc. lifted its position in shares of Allstate by 17.2% during the 3rd quarter. Atomi Financial Group Inc. now owns 2,485 shares of the insurance provider’s stock valued at $471,000 after buying an additional 365 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in Allstate by 6.7% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 1,677 shares of the insurance provider’s stock worth $318,000 after acquiring an additional 106 shares during the period. Daymark Wealth Partners LLC grew its position in shares of Allstate by 27.8% in the third quarter. Daymark Wealth Partners LLC now owns 1,673 shares of the insurance provider’s stock valued at $317,000 after purchasing an additional 364 shares during the period. Wedmont Private Capital increased its stake in shares of Allstate by 7.4% during the third quarter. Wedmont Private Capital now owns 4,481 shares of the insurance provider’s stock worth $812,000 after purchasing an additional 309 shares in the last quarter. Finally, Quotient Wealth Partners LLC acquired a new position in shares of Allstate during the 3rd quarter worth about $201,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Price Performance

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

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts forecast that The Allstate Co. will post 16.96 earnings per share for the current fiscal year.

Allstate Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ALL shares. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. BMO Capital Markets boosted their price target on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods raised their price objective on Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Jefferies Financial Group upped 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. Finally, Barclays reduced their target price on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research report on Monday, January 6th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.13.

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.