Axecap Investments LLC Has $3.64 Million Stock Holdings in The Allstate Co. (NYSE:ALL)

Axecap Investments LLC raised its holdings in shares of The Allstate Co. (NYSE:ALL) by 5.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,879 shares of the insurance provider’s stock after purchasing an additional 1,010 shares during the quarter. Allstate makes up 2.7% of Axecap Investments LLC’s holdings, making the stock its 13th biggest position. Axecap Investments LLC’s holdings in Allstate were worth $3,640,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ALL. FSA Wealth Management LLC acquired a new stake in Allstate during the 3rd quarter valued at $26,000. Northwest Investment Counselors LLC acquired a new stake in shares of Allstate during the third quarter worth $28,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Allstate during the third quarter worth $29,000. Peoples Bank KS acquired a new stake in shares of Allstate during the fourth quarter worth $49,000. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Allstate during the fourth quarter worth $53,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Price Performance

Allstate stock opened at $186.57 on Tuesday. The stock’s 50 day moving average is $192.41 and its 200 day moving average is $189.19. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.36 and a quick ratio of 0.40. The firm has a market cap of $49.40 billion, a P/E ratio of 10.98, a P/E/G ratio of 1.47 and a beta of 0.52. The Allstate Co. has a one year low of $153.87 and a one year high of $209.88.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, topping analysts’ consensus estimates of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. As a group, research analysts expect that The Allstate Co. will post 18.64 EPS for the current year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date was Friday, November 29th. Allstate’s dividend payout ratio is currently 21.66%.

Analyst Ratings Changes

A number of research firms have recently weighed in on ALL. UBS Group lifted their target price on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Keefe, Bruyette & Woods lifted their target price on Allstate from $235.00 to $243.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Wells Fargo & Company lifted their target price on Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Finally, Piper Sandler lifted their target price on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $218.13.

Allstate Profile

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.