Fiduciary Financial Group LLC decreased its stake in shares of The Allstate Co. (NYSE:ALL – Free Report) by 24.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,260 shares of the insurance provider’s stock after selling 745 shares during the quarter. Fiduciary Financial Group LLC’s holdings in Allstate were worth $409,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in ALL. LPL Financial LLC increased its stake in Allstate by 9.2% in the second quarter. LPL Financial LLC now owns 200,939 shares of the insurance provider’s stock valued at $32,082,000 after acquiring an additional 16,846 shares during the period. Oppenheimer & Co. Inc. lifted its position in shares of Allstate by 3.8% during the second quarter. Oppenheimer & Co. Inc. now owns 12,061 shares of the insurance provider’s stock worth $1,926,000 after purchasing an additional 440 shares in the last quarter. Wealthspire Advisors LLC lifted its position in shares of Allstate by 22.7% during the second quarter. Wealthspire Advisors LLC now owns 2,695 shares of the insurance provider’s stock worth $430,000 after purchasing an additional 498 shares in the last quarter. Dimensional Fund Advisors LP lifted 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 in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Allstate in the second quarter valued at approximately $3,083,000. Institutional investors own 76.47% of the company’s stock.
Analyst Upgrades and Downgrades
ALL has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Wells Fargo & Company increased their price objective on shares of Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a report on Tuesday. Jefferies Financial Group increased their target price on shares of Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Raymond James increased their target price on shares of Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Friday, October 4th. Finally, BMO Capital Markets increased their target price on shares of Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. One equities 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $218.13.
Allstate Stock Up 2.4 %
Allstate stock opened at $186.87 on Wednesday. The company has a market cap of $49.48 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 1.70 and a beta of 0.52. The Allstate Co. has a 1-year low of $150.17 and a 1-year high of $209.88. The company has a fifty day simple moving average of $195.89 and a 200 day simple moving average of $186.07. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43.
Allstate (NYSE:ALL – Get Free Report) last released its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $1.71. The business had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.81 earnings per share. Research analysts anticipate that The Allstate Co. will post 16.26 earnings per share for the current fiscal year.
Allstate Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Friday, November 29th. Allstate’s dividend payout ratio (DPR) is currently 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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