Manning & Napier Advisors LLC Acquires 11,698 Shares of The Allstate Co. (NYSE:ALL)

Manning & Napier Advisors LLC boosted its holdings in The Allstate Co. (NYSE:ALL) by 76.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,099 shares of the insurance provider’s stock after purchasing an additional 11,698 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Allstate were worth $5,224,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ALL. Pathway Financial Advisers LLC grew its stake in shares of Allstate by 18,472.5% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,052,687 shares of the insurance provider’s stock worth $199,642,000 after buying an additional 1,047,019 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Allstate by 18.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider’s stock worth $569,114,000 after acquiring an additional 472,040 shares in the last quarter. TimesSquare Capital Management LLC purchased a new stake in shares of Allstate in the third quarter worth $77,819,000. Los Angeles Capital Management LLC increased its holdings in shares of Allstate by 688.4% during the third quarter. Los Angeles Capital Management LLC now owns 460,282 shares of the insurance provider’s stock valued at $87,292,000 after acquiring an additional 401,901 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in shares of Allstate by 291.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 356,065 shares of the insurance provider’s stock worth $67,528,000 after purchasing an additional 265,213 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

ALL has been the topic of several recent analyst reports. BMO Capital Markets increased their price objective on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. increased their price target on shares of Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Wells Fargo & Company boosted their price objective on shares of Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. The Goldman Sachs Group increased their target price on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, UBS Group boosted their price target on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Allstate has an average rating of “Moderate Buy” and a consensus price target of $218.13.

Allstate Price Performance

NYSE ALL opened at $191.10 on Thursday. 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 firm has a market capitalization of $50.60 billion, a P/E ratio of 12.38, a PEG ratio of 1.41 and a beta of 0.52. The company has a 50-day moving average price of $194.46 and a 200-day moving average price of $188.07. The Allstate Co. has a 52 week low of $153.42 and a 52 week high of $209.88.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 6.77% and a return on equity of 26.67%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.81 earnings per share. Equities research analysts anticipate that The Allstate Co. will post 16.83 earnings per share for the current year.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were issued a $0.92 dividend. The ex-dividend date was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a yield of 1.93%. Allstate’s dividend payout ratio is currently 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.