Nordea Investment Management AB Has $10.40 Million Stock Position in The Allstate Co. (NYSE:ALL)

Nordea Investment Management AB lifted its holdings in shares of The Allstate Co. (NYSE:ALL) by 1.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 54,086 shares of the insurance provider’s stock after acquiring an additional 631 shares during the quarter. Nordea Investment Management AB’s holdings in Allstate were worth $10,397,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. FSA Wealth Management LLC acquired a new position in Allstate during the 3rd quarter worth about $26,000. Northwest Investment Counselors LLC acquired a new position in shares of Allstate in the third quarter worth approximately $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Allstate in the third quarter worth approximately $29,000. Transamerica Financial Advisors Inc. bought a new stake in Allstate in the third quarter valued at approximately $58,000. Finally, Versant Capital Management Inc increased its position in Allstate by 146.2% during the 4th quarter. Versant Capital Management Inc now owns 384 shares of the insurance provider’s stock valued at $74,000 after purchasing an additional 228 shares during the period. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Trading Up 2.9 %

ALL opened at $191.45 on Thursday. The firm has a market capitalization of $50.70 billion, a PE ratio of 12.40, a P/E/G ratio of 1.70 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. The Allstate Co. has a fifty-two week low of $148.23 and a fifty-two week high of $209.88. The company’s 50-day moving average is $195.81 and its 200 day moving average is $185.19.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping the consensus estimate of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The firm had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the prior year, the business posted $0.81 earnings per share. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, research analysts predict that The Allstate Co. will post 16.26 earnings per share for the current fiscal year.

Allstate Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders 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 annualized dividend and a dividend yield of 1.92%. Allstate’s payout ratio is 23.83%.

Wall Street Analysts Forecast Growth

ALL has been the topic of a number of analyst reports. Barclays reduced their price objective on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a research note on Monday. JPMorgan Chase & Co. increased their price target on Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. BMO Capital Markets boosted their price objective on Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Bank of America lifted their target price on Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Raymond James increased their price target on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $216.94.

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.