Uncommon Cents Investing LLC Has $3.99 Million Position in The Allstate Co. (NYSE:ALL)

Uncommon Cents Investing LLC decreased its stake in The Allstate Co. (NYSE:ALL) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,715 shares of the insurance provider’s stock after selling 1,085 shares during the period. Allstate accounts for about 1.2% of Uncommon Cents Investing LLC’s holdings, making the stock its 23rd biggest holding. Uncommon Cents Investing LLC’s holdings in Allstate were worth $3,994,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Pathway Financial Advisers LLC increased its position in shares of Allstate by 18,472.5% during the third quarter. Pathway Financial Advisers LLC now owns 1,052,687 shares of the insurance provider’s stock worth $199,642,000 after buying an additional 1,047,019 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Allstate by 18.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider’s stock valued at $569,114,000 after acquiring an additional 472,040 shares during the last quarter. AQR Capital Management LLC grew its holdings in Allstate by 181.6% during the 2nd quarter. AQR Capital Management LLC now owns 719,997 shares of the insurance provider’s stock worth $114,955,000 after acquiring an additional 464,337 shares during the period. TimesSquare Capital Management LLC bought a new position in shares of Allstate in the 3rd quarter worth about $77,819,000. Finally, Los Angeles Capital Management LLC lifted its stake in shares of Allstate by 688.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 460,282 shares of the insurance provider’s stock valued at $87,292,000 after purchasing an additional 401,901 shares during the period. 76.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Allstate Trading Down 1.2 %

Shares of ALL stock opened at $188.85 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market capitalization of $50.01 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.35 and a beta of 0.52. The Allstate Co. has a 52-week low of $150.17 and a 52-week high of $209.88. The company has a 50-day simple moving average of $195.73 and a two-hundred day simple moving average of $186.50.

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 the consensus estimate of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The company had revenue of $16.63 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same period in the prior year, the company posted $0.81 earnings per share. Allstate’s quarterly revenue was up 14.7% on a year-over-year basis. Research analysts anticipate that The Allstate Co. will post 16.45 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.95%. 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.