Fiduciary Financial Group LLC Has $409,000 Position in The Allstate Co. (NYSE:ALL)

Fiduciary Financial Group LLC lowered its position in The Allstate Co. (NYSE:ALL) by 24.8% in the fourth quarter, HoldingsChannel.com reports. The fund 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 Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC acquired a new stake in shares of Allstate during the 3rd quarter worth about $26,000. Northwest Investment Counselors LLC acquired a new stake in shares of Allstate during the 3rd quarter worth about $28,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Allstate during the 3rd quarter worth about $29,000. Peoples Bank KS acquired a new stake in shares of Allstate during the 4th quarter worth about $49,000. Finally, Transamerica Financial Advisors Inc. acquired a new stake in shares of Allstate during the 3rd quarter worth about $58,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Trading Up 2.4 %

Shares of Allstate stock opened at $186.87 on Wednesday. The firm has a market capitalization of $49.48 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 1.70 and a beta of 0.52. 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 firm’s 50 day moving average is $195.89 and its 200 day moving average is $186.07. The Allstate Co. has a 1 year low of $150.17 and a 1 year high of $209.88.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $1.71. The company had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.81 EPS. Equities research analysts forecast 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. Shareholders of record on Friday, November 29th were issued a dividend of $0.92 per share. 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 payout ratio is 23.83%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Barclays dropped their price objective on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research note on Monday, January 6th. Morgan Stanley lifted their price objective on shares of Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Wells Fargo & Company lifted their price objective on shares of Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Allstate currently has a consensus rating of “Moderate Buy” and an average target price of $218.13.

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.