The Allstate Co. (NYSE:ALL) Shares Sold by Sentry LLC

Sentry LLC trimmed its stake in shares of The Allstate Co. (NYSE:ALL) by 25.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,278 shares of the insurance provider’s stock after selling 789 shares during the period. Sentry LLC’s holdings in Allstate were worth $439,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. BDF Gestion boosted its holdings in Allstate by 40.8% in the 4th quarter. BDF Gestion now owns 26,912 shares of the insurance provider’s stock worth $5,188,000 after buying an additional 7,802 shares during the last quarter. Manning & Napier Advisors LLC lifted its position in shares of Allstate by 76.0% in the fourth quarter. Manning & Napier Advisors LLC now owns 27,099 shares of the insurance provider’s stock valued at $5,224,000 after acquiring an additional 11,698 shares in the last quarter. Ibex Wealth Advisors purchased a new stake in shares of Allstate during the fourth quarter worth approximately $569,000. Invesco LLC raised its stake in Allstate by 4.1% in the 4th quarter. Invesco LLC now owns 14,615 shares of the insurance provider’s stock valued at $2,818,000 after purchasing an additional 575 shares during the last quarter. Finally, Swedbank AB lifted its holdings in Allstate by 19.5% in the 4th quarter. Swedbank AB now owns 37,848 shares of the insurance provider’s stock valued at $7,297,000 after purchasing an additional 6,174 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Trading Up 0.1 %

ALL opened at $191.10 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 firm has a market cap of $50.60 billion, a P/E ratio of 12.38, a P/E/G ratio of 1.41 and a beta of 0.52. The Allstate Co. has a 52 week low of $153.42 and a 52 week high of $209.88. The business has a fifty day simple moving average of $194.46 and a 200-day simple moving average of $188.07.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, beating the consensus estimate of $2.20 by $1.71. The company had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. Allstate’s revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 EPS. On average, equities analysts expect that The Allstate Co. will post 16.83 earnings per share for the current year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s payout ratio is currently 23.83%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ALL shares. Raymond James upped 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. The Goldman Sachs Group boosted their target price on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods lifted their price objective on Allstate from $235.00 to $243.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. UBS Group upped their target price on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, BMO Capital Markets lifted their price target on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given 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 a consensus price target of $218.13.

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.