Mather Group LLC. Increases Stock Holdings in The Allstate Co. (NYSE:ALL)

Mather Group LLC. lifted its stake in shares of The Allstate Co. (NYSE:ALL) by 1.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,616 shares of the insurance provider’s stock after buying an additional 62 shares during the period. Mather Group LLC.’s holdings in Allstate were worth $697,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. State Street Corp lifted its holdings in Allstate by 1.1% during the third quarter. State Street Corp now owns 11,496,306 shares of the insurance provider’s stock worth $2,190,758,000 after acquiring an additional 126,922 shares during the period. Geode Capital Management LLC lifted its holdings in Allstate by 1.2% during the third quarter. Geode Capital Management LLC now owns 6,228,581 shares of the insurance provider’s stock worth $1,178,164,000 after acquiring an additional 74,537 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings 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 worth $569,114,000 after acquiring an additional 472,040 shares during the period. Raymond James & Associates lifted its holdings in Allstate by 10.6% during the third quarter. Raymond James & Associates now owns 1,517,800 shares of the insurance provider’s stock worth $287,851,000 after acquiring an additional 145,986 shares during the period. Finally, Pathway Financial Advisers LLC lifted its holdings in 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 acquiring an additional 1,047,019 shares during the period. 76.47% of the stock is currently owned by institutional investors.

Allstate Price Performance

Allstate stock opened at $192.92 on Thursday. The Allstate Co. has a 52 week low of $153.87 and a 52 week high of $209.88. The business has a 50-day simple moving average of $193.38 and a 200 day simple moving average of $188.81. 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 stock has a market cap of $51.09 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 1.47 and a beta of 0.52.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 EPS 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%. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Friday, November 29th. Allstate’s payout ratio is currently 23.83%.

Analyst Ratings Changes

ALL has been the topic of several research reports. JPMorgan Chase & Co. boosted their target price on Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. UBS Group boosted their target price on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Morgan Stanley boosted their target price on Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Jefferies Financial Group boosted their target price on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Wells Fargo & Company boosted their target price on Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.13.

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.