The Allstate Co. (NYSE:ALL) Shares Acquired by Brookstone Capital Management

Brookstone Capital Management boosted its holdings in The Allstate Co. (NYSE:ALL) by 63.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,498 shares of the insurance provider’s stock after acquiring an additional 4,059 shares during the quarter. Brookstone Capital Management’s holdings in Allstate were worth $2,024,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Allstate by 5.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 577,934 shares of the insurance provider’s stock valued at $109,605,000 after acquiring an additional 28,584 shares during the period. Eagle Asset Management Inc. increased its position in Allstate by 38.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider’s stock valued at $2,067,000 after acquiring an additional 2,888 shares during the period. Bank of Montreal Can increased its position in Allstate by 1.7% in the 3rd quarter. Bank of Montreal Can now owns 683,574 shares of the insurance provider’s stock valued at $128,758,000 after acquiring an additional 11,195 shares during the period. Blueshift Asset Management LLC acquired a new stake in Allstate in the 3rd quarter valued at approximately $623,000. Finally, International Assets Investment Management LLC acquired a new stake in Allstate in the 4th quarter valued at approximately $14,518,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on ALL. Bank of America lifted their price target on Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Jefferies Financial Group lifted their price target on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a research report on Friday, November 8th. BMO Capital Markets lifted their price target on Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods lifted their price target on Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Finally, JPMorgan Chase & Co. lifted their price target on Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $218.13.

Allstate Stock Performance

Shares of Allstate stock opened at $188.01 on Thursday. The stock has a market cap of $49.79 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 1.70 and a beta of 0.52. The business has a fifty day simple moving average of $195.89 and a 200-day simple moving average of $186.07. 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 12 month low of $150.17 and a 12 month high of $209.88.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping the consensus estimate of $2.20 by $1.71. The business had revenue of $16.63 billion during the quarter, compared to analysts’ expectations of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. Allstate’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.81 earnings per share. On average, sell-side analysts anticipate that The Allstate Co. will post 16.26 EPS for the current fiscal year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a yield of 1.96%. Allstate’s payout ratio is 23.83%.

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.