Calamos Advisors LLC Lowers Stake in The Allstate Corporation $ALL

Calamos Advisors LLC lowered its stake in shares of The Allstate Corporation (NYSE:ALL) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 95,385 shares of the insurance provider’s stock after selling 3,869 shares during the quarter. Calamos Advisors LLC’s holdings in Allstate were worth $19,854,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. raised its position in 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 worth $180,911,000 after purchasing an additional 822,583 shares during the period. Woodline Partners LP purchased a new position in Allstate in the 3rd quarter worth $148,641,000. Ameriprise Financial Inc. raised its position in Allstate by 52.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,385,901 shares of the insurance provider’s stock worth $279,062,000 after purchasing an additional 478,598 shares during the period. Danske Bank A S purchased a new position in Allstate in the 3rd quarter worth $100,596,000. Finally, Dimensional Fund Advisors LP raised its position in Allstate by 18.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,606,451 shares of the insurance provider’s stock worth $559,435,000 after purchasing an additional 401,700 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ALL shares. Cantor Fitzgerald reiterated a “neutral” rating and issued a $220.00 target price on shares of Allstate in a research report on Thursday, February 5th. Raymond James Financial reiterated a “strong-buy” rating and issued a $260.00 target price on shares of Allstate in a research report on Tuesday, March 3rd. Wells Fargo & Company lifted their target price on shares of Allstate from $227.00 to $229.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. Barclays lifted their target price on shares of Allstate from $207.00 to $208.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 8th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Allstate from $254.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 10th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and an average price target of $238.65.

Allstate Price Performance

Shares of Allstate stock opened at $213.15 on Friday. The firm has a market cap of $55.04 billion, a PE ratio of 5.58, a price-to-earnings-growth ratio of 0.44 and a beta of 0.22. The Allstate Corporation has a 12-month low of $188.08 and a 12-month high of $219.48. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.26. The company’s fifty day simple moving average is $209.79 and its two-hundred day simple moving average is $205.68.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 15.19% and a return on equity of 39.20%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $7.67 EPS. As a group, equities analysts expect that The Allstate Corporation will post 25.95 EPS for the current year.

Allstate Increases Dividend

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

About Allstate

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.