Universal Beteiligungs und Servicegesellschaft mbH Has $39.26 Million Stock Holdings in The Allstate Corporation $ALL

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of The Allstate Corporation (NYSE:ALL) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,888 shares of the insurance provider’s stock after purchasing an additional 3,955 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of Allstate worth $39,259,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ALL. Harbor Capital Advisors Inc. grew its holdings in 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 purchasing an additional 55 shares during the last quarter. Dorato Capital Management bought a new stake in shares of Allstate in the fourth quarter valued at approximately $27,000. Barnes Dennig Private Wealth Management LLC boosted its position in shares of Allstate by 112.3% in 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 boosted its position in shares of Allstate by 101.3% in 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 stake in shares of Allstate in the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Mizuho reduced their price objective on Allstate from $281.00 to $265.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. Citigroup increased their price objective on Allstate from $216.00 to $221.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Zacks Research cut Allstate from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Barclays increased their price objective on Allstate from $207.00 to $208.00 and gave the company an “underweight” rating in a research report on Wednesday, April 8th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $231.00 price objective on shares of Allstate in a research report on Thursday, March 5th. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $238.65.

Allstate Stock Up 1.2%

Shares of ALL stock opened at $216.71 on Friday. The stock has a market cap of $55.96 billion, a P/E ratio of 5.67, a price-to-earnings-growth ratio of 0.43 and a beta of 0.22. The Allstate Corporation has a one year low of $188.08 and a one year high of $219.48. The stock has a fifty day moving average price of $209.67 and a 200 day moving average price of $205.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.37 and a quick ratio of 0.37.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, February 4th. The insurance provider reported $14.31 EPS for the quarter, topping the consensus estimate of $8.72 by $5.59. The firm had revenue of $17.35 billion during the quarter, compared to analysts’ expectations of $17.23 billion. Allstate had a return on equity of 39.20% and a net margin of 15.19%.Allstate’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business earned $7.67 earnings per share. Analysts predict that The Allstate Corporation will post 25.95 earnings per share for the current year.

Allstate Increases Dividend

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

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.