Mather Group LLC. Acquires 62 Shares of The Allstate Co. (NYSE:ALL)

Mather Group LLC. increased its holdings in shares of The Allstate Co. (NYSE:ALL) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,616 shares of the insurance provider’s stock after buying an additional 62 shares during the quarter. Mather Group LLC.’s holdings in Allstate were worth $697,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Longboard Asset Management LP bought a new stake in shares of Allstate during the 4th quarter worth $251,000. Vantage Point Financial LLC bought a new stake in shares of Allstate during the 4th quarter worth $278,000. GDS Wealth Management lifted its position in shares of Allstate by 3.8% during the 4th quarter. GDS Wealth Management now owns 89,233 shares of the insurance provider’s stock worth $17,203,000 after buying an additional 3,271 shares during the last quarter. Catalina Capital Group LLC raised its position in Allstate by 15.5% in the fourth quarter. Catalina Capital Group LLC now owns 1,541 shares of the insurance provider’s stock valued at $297,000 after purchasing an additional 207 shares during the last quarter. Finally, Magnolia Capital Advisors LLC raised its position in Allstate by 2.3% in the fourth quarter. Magnolia Capital Advisors LLC now owns 4,135 shares of the insurance provider’s stock valued at $797,000 after purchasing an additional 94 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ALL shares. Wells Fargo & Company increased their target price on Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research 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 report on Friday, November 15th. Jefferies Financial Group increased their target price on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Bank of America increased their target price on Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $218.13.

Allstate Trading Up 1.1 %

NYSE ALL opened at $192.92 on Thursday. The business has a 50 day simple moving average of $193.38 and a 200 day simple moving average of $188.81. The Allstate Co. has a one year low of $153.87 and a one year high of $209.88. The stock has a market capitalization of $51.09 billion, a P/E ratio of 12.50, a P/E/G ratio of 1.47 and a beta of 0.52. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, topping the consensus estimate of $5.40 by $2.27. Allstate had a return on equity of 26.67% and a net margin of 6.77%. Research analysts expect that The Allstate Co. will post 16.96 earnings per share for the current year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were paid a $0.92 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a yield of 1.91%. Allstate’s dividend payout ratio (DPR) is presently 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.