Massmutual Trust Co. FSB ADV boosted its stake in shares of Allstate (NYSE:ALL) by 929.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 89,126 shares of the insurance provider’s stock after acquiring an additional 80,466 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Allstate were worth $6,364,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. DF Dent & Co. Inc. bought a new position in shares of Allstate in the 4th quarter valued at about $1,411,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Allstate by 2.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 85,160 shares of the insurance provider’s stock valued at $7,860,000 after purchasing an additional 1,700 shares during the last quarter. Regentatlantic Capital LLC boosted its stake in shares of Allstate by 0.9% in the 4th quarter. Regentatlantic Capital LLC now owns 126,437 shares of the insurance provider’s stock valued at $13,239,000 after purchasing an additional 1,176 shares during the last quarter. Chicago Equity Partners LLC boosted its stake in shares of Allstate by 2.1% in the 4th quarter. Chicago Equity Partners LLC now owns 141,545 shares of the insurance provider’s stock valued at $14,821,000 after purchasing an additional 2,905 shares during the last quarter. Finally, Atalanta Sosnoff Capital LLC boosted its stake in shares of Allstate by 86.5% in the 4th quarter. Atalanta Sosnoff Capital LLC now owns 611,347 shares of the insurance provider’s stock valued at $64,015,000 after purchasing an additional 283,615 shares during the last quarter. 75.86% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Allstate stock opened at $96.84 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.25 and a current ratio of 0.25. The company has a market cap of $34,520.68, a P/E ratio of 11.57, a price-to-earnings-growth ratio of 1.40 and a beta of 1.00. Allstate has a fifty-two week low of $79.09 and a fifty-two week high of $105.36.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, February 7th. The insurance provider reported $2.09 EPS for the quarter, topping the consensus estimate of $1.53 by $0.56. The firm had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.09 billion. Allstate had a net margin of 8.28% and a return on equity of 12.57%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the company posted $2.17 EPS. equities analysts anticipate that Allstate will post 8.32 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be issued a dividend of $0.46 per share. This is an increase from Allstate’s previous quarterly dividend of $0.37. This represents a $1.84 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Friday, March 2nd. Allstate’s dividend payout ratio (DPR) is 21.98%.

ALL has been the topic of several recent research reports. Zacks Investment Research raised shares of Allstate from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research note on Wednesday, January 3rd. Argus reiterated a “buy” rating and issued a $110.00 price target on shares of Allstate in a research report on Wednesday, February 21st. Citigroup cut their price target on shares of Allstate from $118.00 to $111.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Bank of America cut their price target on shares of Allstate from $116.00 to $111.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Finally, ValuEngine upgraded shares of Allstate from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $99.00.

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Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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