The Allstate Co. (NYSE:ALL) Shares Sold by Dakota Community Bank & Trust NA

Dakota Community Bank & Trust NA lessened its stake in shares of The Allstate Co. (NYSE:ALL) by 10.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,222 shares of the insurance provider’s stock after selling 141 shares during the quarter. Dakota Community Bank & Trust NA’s holdings in Allstate were worth $236,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. FSA Wealth Management LLC acquired a new position in Allstate during the 3rd quarter worth approximately $26,000. Northwest Investment Counselors LLC acquired a new position in Allstate during the third quarter worth $28,000. Catalyst Capital Advisors LLC purchased a new position in Allstate in the third quarter worth $29,000. Peoples Bank KS acquired a new stake in Allstate in the fourth quarter valued at $49,000. Finally, Transamerica Financial Advisors Inc. purchased a new position in shares of Allstate in the 3rd quarter valued at about $58,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Jefferies Financial Group upped their price target on Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, November 8th. The Goldman Sachs Group lifted their price objective on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Bank of America upped their target price on Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Allstate presently has an average rating of “Moderate Buy” and an average price target of $218.13.

Allstate Stock Down 1.2 %

ALL stock opened at $188.85 on Friday. The Allstate Co. has a one year low of $150.17 and a one year high of $209.88. The stock has a market capitalization of $50.01 billion, a P/E ratio of 12.23, a PEG ratio of 1.35 and a beta of 0.52. The company has a 50 day moving average price of $195.89 and a two-hundred day moving average price of $186.12. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, beating 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 analyst estimates of $14.57 billion. During the same period in the prior year, the firm posted $0.81 earnings per share. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, sell-side analysts expect that The Allstate Co. will post 16.45 EPS for the current year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s dividend payout ratio (DPR) is 23.83%.

Allstate Company 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.