Sugarloaf Wealth Management LLC Sells 62 Shares of The Allstate Co. (NYSE:ALL)

Sugarloaf Wealth Management LLC decreased its position in The Allstate Co. (NYSE:ALL) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,185 shares of the insurance provider’s stock after selling 62 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in Allstate were worth $228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. FSA Wealth Management LLC purchased a new position in Allstate in the third quarter worth about $26,000. Northwest Investment Counselors LLC bought a new stake in shares of Allstate in the 3rd quarter valued at approximately $28,000. Catalyst Capital Advisors LLC purchased a new position in shares of Allstate in the 3rd quarter worth approximately $29,000. Peoples Bank KS bought a new position in shares of Allstate during the 4th quarter valued at approximately $49,000. Finally, Transamerica Financial Advisors Inc. purchased a new stake in Allstate during the 3rd quarter valued at $58,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group increased their target price on shares of Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday. BMO Capital Markets increased their price objective on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. UBS Group raised their price objective on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company lifted their price target on shares of Allstate from $175.00 to $186.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $218.06.

Allstate Stock Performance

Shares of NYSE:ALL traded down $10.66 during midday trading on Friday, reaching $181.14. The company’s stock had a trading volume of 3,475,427 shares, compared to its average volume of 2,299,747. The firm has a market capitalization of $47.97 billion, a PE ratio of 11.73, a P/E/G ratio of 1.70 and a beta of 0.52. The stock has a fifty day moving average of $195.91 and a 200 day moving average of $185.23. The Allstate Co. has a twelve month low of $148.23 and a twelve month high of $209.88. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate (NYSE:ALL) last released its quarterly earnings data 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. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The business had revenue of $16.63 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same quarter last year, the business posted $0.81 EPS. The company’s revenue was up 14.7% on a year-over-year basis. On average, equities analysts expect that The Allstate Co. will post 16.26 EPS for the current fiscal year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were paid 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 2.03%. Allstate’s payout ratio is 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.