City State Bank lessened its stake in shares of The Allstate Co. (NYSE:ALL – Free Report) by 23.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 323 shares of the insurance provider’s stock after selling 100 shares during the period. City State Bank’s holdings in Allstate were worth $62,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Trust Co. of Toledo NA OH raised its holdings in Allstate by 1.5% during the 4th quarter. Trust Co. of Toledo NA OH now owns 8,417 shares of the insurance provider’s stock worth $1,623,000 after buying an additional 123 shares during the period. Fiduciary Alliance LLC purchased a new position in Allstate during the 4th quarter valued at about $451,000. Aprio Wealth Management LLC grew its stake in Allstate by 26.4% during the 4th quarter. Aprio Wealth Management LLC now owns 1,719 shares of the insurance provider’s stock valued at $331,000 after acquiring an additional 359 shares in the last quarter. Czech National Bank grew its stake in Allstate by 6.7% during the 4th quarter. Czech National Bank now owns 57,415 shares of the insurance provider’s stock valued at $11,069,000 after acquiring an additional 3,628 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Allstate by 0.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 97,567 shares of the insurance provider’s stock valued at $18,503,000 after acquiring an additional 397 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. The Goldman Sachs Group lifted their target price on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Keefe, Bruyette & Woods lifted their target price on Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a research note on Friday. BMO Capital Markets boosted their price target on Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. boosted their price target on Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Bank of America boosted their price target on Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Allstate has a consensus rating of “Moderate Buy” and an average target price of $218.06.
Allstate Stock Up 0.9 %
Shares of Allstate stock opened at $182.63 on Tuesday. The stock has a market capitalization of $48.36 billion, a P/E ratio of 11.83, a PEG ratio of 1.70 and a beta of 0.52. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average price of $195.85 and a two-hundred day moving average price of $185.88. The Allstate Co. has a 12-month low of $150.17 and a 12-month high of $209.88.
Allstate (NYSE:ALL – Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The company had revenue of $16.63 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same period in the previous year, the company earned $0.81 earnings per share. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. Equities analysts expect that The Allstate Co. will post 16.26 earnings per share for the current year.
Allstate Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were issued a dividend of $0.92 per share. The ex-dividend date was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.02%. 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.
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