Universal Beteiligungs und Servicegesellschaft mbH Buys 3,955 Shares of The Allstate Corporation $ALL

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of The Allstate Corporation (NYSE:ALL) by 2.1% in the fourth quarter, Holdings Channel reports. The fund owned 188,888 shares of the insurance provider’s stock after acquiring an additional 3,955 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Allstate were worth $39,259,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ALL. Harbor Capital Advisors Inc. lifted its holdings in shares of Allstate by 79.7% during the third quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 55 shares during the period. Dorato Capital Management bought a new position in shares of Allstate during the fourth quarter valued at $27,000. Barnes Dennig Private Wealth Management LLC lifted its holdings in shares of Allstate by 112.3% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 73 shares during the period. Princeton Global Asset Management LLC lifted its holdings in shares of Allstate by 101.3% during the fourth quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 76 shares during the period. Finally, Palisade Asset Management LLC bought a new position in shares of Allstate during the third quarter valued at $31,000. 76.47% of the stock is owned by institutional investors.

Allstate Stock Performance

Shares of NYSE:ALL opened at $216.71 on Friday. The Allstate Corporation has a twelve month low of $188.08 and a twelve month high of $219.48. The firm has a market cap of $55.96 billion, a PE ratio of 5.67, a price-to-earnings-growth ratio of 0.43 and a beta of 0.22. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.37 and a current ratio of 0.37. The business has a fifty day moving average of $209.67 and a 200-day moving average of $205.69.

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

Allstate Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts have issued reports on ALL shares. JPMorgan Chase & Co. lifted their price objective on Allstate from $260.00 to $263.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Raymond James Financial reissued a “strong-buy” rating and set a $260.00 price objective on shares of Allstate in a report on Tuesday, March 3rd. Mizuho cut their price objective on Allstate from $281.00 to $265.00 and set an “outperform” rating for the company in a report on Friday, March 20th. Barclays lifted their price objective on Allstate from $207.00 to $208.00 and gave the company an “underweight” rating in a report on Wednesday, April 8th. Finally, Weiss Ratings upgraded Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, March 23rd. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $238.65.

Allstate 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.