Caprock Group LLC Has $4.34 Million Stake in The Allstate Corporation $ALL

Caprock Group LLC lifted its stake in The Allstate Corporation (NYSE:ALL) by 18.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,759 shares of the insurance provider’s stock after acquiring an additional 3,161 shares during the period. Caprock Group LLC’s holdings in Allstate were worth $4,341,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ALL. Robeco Institutional Asset Management B.V. raised its stake in shares of Allstate by 1,766.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 869,139 shares of the insurance provider’s stock valued at $180,911,000 after acquiring an additional 822,583 shares in the last quarter. Woodline Partners LP bought a new stake in Allstate in the 3rd quarter valued at $148,641,000. Ameriprise Financial Inc. grew its position in Allstate by 52.7% during the second quarter. Ameriprise Financial Inc. now owns 1,385,901 shares of the insurance provider’s stock worth $279,062,000 after buying an additional 478,598 shares in the last quarter. Danske Bank A S acquired a new stake in Allstate during the third quarter worth about $100,596,000. Finally, Dimensional Fund Advisors LP grew its position in Allstate by 18.2% during the third quarter. Dimensional Fund Advisors LP now owns 2,606,451 shares of the insurance provider’s stock worth $559,435,000 after buying an additional 401,700 shares in the last quarter. 76.47% of the stock is owned by institutional investors.

Allstate Price Performance

Shares of ALL stock opened at $216.71 on Friday. The stock’s fifty day simple moving average is $209.67 and its 200 day simple moving average is $205.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market cap of $55.96 billion, a price-to-earnings ratio of 5.67, a P/E/G ratio of 0.43 and a beta of 0.22. The Allstate Corporation has a one year low of $188.08 and a one year high of $219.48.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $14.31 EPS for the quarter, beating the consensus estimate of $8.72 by $5.59. The business had revenue of $17.35 billion for the quarter, compared to analyst estimates of $17.23 billion. Allstate had a return on equity of 39.20% and a net margin of 15.19%.Allstate’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $7.67 EPS. On average, analysts expect that The Allstate Corporation will post 25.95 earnings per share for the current fiscal year.

Allstate Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 2nd were paid a $1.08 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $4.32 annualized dividend and a yield of 2.0%. This is a positive change from Allstate’s previous quarterly dividend of $1.00. Allstate’s payout ratio is presently 11.31%.

Analysts Set New Price Targets

ALL has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on Allstate from $260.00 to $263.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Keefe, Bruyette & Woods boosted their price objective on Allstate from $254.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, February 10th. Citigroup boosted their price objective on Allstate from $216.00 to $221.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Barclays raised their price objective on shares of Allstate from $207.00 to $208.00 and gave the stock an “underweight” rating in a report on Wednesday, April 8th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $231.00 target price on shares of Allstate in a research report on Thursday, March 5th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $238.65.

Allstate Company Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.