The Allstate Co. (NYSE:ALL) Stock Holdings Lessened by Everence Capital Management Inc.

Everence Capital Management Inc. lowered its position in shares of The Allstate Co. (NYSE:ALL) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,509 shares of the insurance provider’s stock after selling 1,040 shares during the quarter. Everence Capital Management Inc.’s holdings in Allstate were worth $2,412,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ALL. State Street Corp raised its stake in Allstate by 1.1% during the third quarter. State Street Corp now owns 11,496,306 shares of the insurance provider’s stock worth $2,190,758,000 after acquiring an additional 126,922 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Allstate by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 6,228,581 shares of the insurance provider’s stock valued at $1,178,164,000 after acquiring an additional 74,537 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Allstate by 18.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider’s stock valued at $569,114,000 after acquiring an additional 472,040 shares during the period. Raymond James & Associates grew its holdings in shares of Allstate by 10.6% in the 3rd quarter. Raymond James & Associates now owns 1,517,800 shares of the insurance provider’s stock valued at $287,851,000 after buying an additional 145,986 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Allstate by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,437,688 shares of the insurance provider’s stock worth $229,545,000 after purchasing an additional 47,038 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Up 0.7 %

NYSE:ALL traded up $1.40 during mid-day trading on Friday, hitting $193.35. The company had a trading volume of 398,543 shares, compared to its average volume of 1,036,517. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $195.79 and a 200-day simple moving average of $184.23. The firm has a market capitalization of $51.20 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 1.70 and a beta of 0.50. The Allstate Co. has a 1 year low of $147.08 and a 1 year high of $209.88.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. The company had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the business earned $0.81 EPS. Equities analysts forecast that The Allstate Co. will post 16.26 earnings per share for the current fiscal 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 given 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 1.90%. Allstate’s payout ratio is 23.83%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Piper Sandler boosted their target price on Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. UBS Group boosted 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. Wells Fargo & Company upped their price objective on Allstate from $175.00 to $186.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. The Goldman Sachs Group boosted their price objective on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Evercore ISI lifted their price target on shares of Allstate from $191.00 to $195.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $217.19.

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.