The Allstate Co. (NYSE:ALL) Shares Sold by Sawyer & Company Inc

Sawyer & Company Inc trimmed its position in The Allstate Co. (NYSE:ALL) by 13.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,801 shares of the insurance provider’s stock after selling 2,140 shares during the period. Sawyer & Company Inc’s holdings in Allstate were worth $2,661,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Apella Capital LLC lifted its holdings in shares of Allstate by 1.9% in the fourth quarter. Apella Capital LLC now owns 3,231 shares of the insurance provider’s stock valued at $623,000 after buying an additional 60 shares during the period. Meyer Handelman Co. raised its position in Allstate by 1.8% in the fourth quarter. Meyer Handelman Co. now owns 177,611 shares of the insurance provider’s stock worth $34,242,000 after acquiring an additional 3,101 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Allstate by 72.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,981 shares of the insurance provider’s stock valued at $382,000 after acquiring an additional 834 shares during the last quarter. Park Avenue Securities LLC boosted its position in shares of Allstate by 40.8% during the 4th quarter. Park Avenue Securities LLC now owns 10,184 shares of the insurance provider’s stock valued at $1,963,000 after purchasing an additional 2,951 shares in the last quarter. Finally, Kathmere Capital Management LLC grew its stake in shares of Allstate by 2.6% in the 4th quarter. Kathmere Capital Management LLC now owns 6,732 shares of the insurance provider’s stock worth $1,298,000 after purchasing an additional 173 shares during the last quarter. 76.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ALL has been the subject of several recent research reports. Evercore ISI raised shares of Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Bank of America raised their price objective on Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Jefferies Financial Group boosted their target price on Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Barclays decreased their price target on Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research report on Monday, January 6th. Finally, UBS Group boosted their price objective on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, one has assigned 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $218.13.

Allstate Trading Up 0.6 %

Shares of NYSE:ALL opened at $188.01 on Thursday. 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 Allstate Co. has a 12-month low of $150.17 and a 12-month high of $209.88. The firm has a fifty day moving average of $195.89 and a two-hundred day moving average of $186.07. The firm has a market capitalization of $49.79 billion, a P/E ratio of 12.18, a price-to-earnings-growth ratio of 1.70 and a beta of 0.52.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, topping 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 return on equity of 26.67% and a net margin of 6.77%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 EPS. On average, equities analysts expect that The Allstate Co. will post 16.26 EPS 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 paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Friday, November 29th. Allstate’s dividend payout ratio (DPR) is presently 23.83%.

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.