Kapitalo Investimentos Ltda Buys New Position in The Allstate Co. (NYSE:ALL)

Kapitalo Investimentos Ltda bought a new stake in shares of The Allstate Co. (NYSE:ALL) in the 4th quarter, HoldingsChannel reports. The firm bought 150 shares of the insurance provider’s stock, valued at approximately $29,000.

A number of other institutional investors have also recently made changes to their positions in ALL. VSM Wealth Advisory LLC purchased a new position in Allstate in the fourth quarter worth $25,000. Twin Tree Management LP purchased a new position in shares of Allstate in the 4th quarter worth about $27,000. Vision Financial Markets LLC purchased a new position in shares of Allstate in the 4th quarter worth about $29,000. Hopwood Financial Services Inc. bought a new position in shares of Allstate during the 4th quarter valued at about $29,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Allstate during the 4th quarter valued at about $40,000. Institutional investors own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

ALL has been the topic of a number of recent research reports. Evercore ISI increased their price target on shares of Allstate from $227.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. increased their target price on shares of Allstate from $217.00 to $222.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. 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 research note on Tuesday, January 14th. StockNews.com upgraded Allstate from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods decreased their price target on Allstate from $240.00 to $228.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $221.60.

Allstate Trading Down 0.6 %

NYSE:ALL opened at $197.20 on Friday. The company has a 50-day moving average price of $198.32 and a 200-day moving average price of $194.83. The stock has a market cap of $52.28 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 1.01 and a beta of 0.36. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42. The Allstate Co. has a 12 month low of $156.66 and a 12 month high of $212.91.

Allstate (NYSE:ALL) last issued 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 return on equity of 28.20% and a net margin of 7.28%. The company had revenue of $14.30 billion during the quarter, compared to analysts’ expectations of $16.41 billion. During the same quarter last year, the business earned $5.13 earnings per share. The business’s quarterly revenue was up 7.8% on a year-over-year basis. Equities analysts predict that The Allstate Co. will post 18.74 EPS for the current year.

Allstate Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.03%. This is a boost from Allstate’s previous quarterly dividend of $0.92. The ex-dividend date was Monday, March 10th. Allstate’s dividend payout ratio is presently 23.54%.

Allstate declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 26th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the insurance provider to repurchase up to 3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $186.53, for a total transaction of $7,480,226.06. Following the completion of the transaction, the chief financial officer now owns 18,115 shares of the company’s stock, valued at approximately $3,378,990.95. This trade represents a 68.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is owned by corporate insiders.

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.