Gilliland Jeter Wealth Management LLC Has $1.63 Million Stock Position in The Allstate Co. (NYSE:ALL)

Gilliland Jeter Wealth Management LLC reduced its stake in shares of The Allstate Co. (NYSE:ALL) by 1.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,447 shares of the insurance provider’s stock after selling 121 shares during the period. Gilliland Jeter Wealth Management LLC’s holdings in Allstate were worth $1,629,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FSA Wealth Management LLC acquired a new stake in shares of Allstate in the third quarter valued at approximately $26,000. Northwest Investment Counselors LLC acquired a new stake in shares of Allstate in the third quarter valued at approximately $28,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Allstate in the third quarter valued at approximately $29,000. Peoples Bank KS acquired a new stake in shares of Allstate in the fourth quarter valued at approximately $49,000. Finally, Transamerica Financial Advisors Inc. acquired a new stake in shares of Allstate in the third quarter valued at approximately $58,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Trading Down 0.7 %

Shares of Allstate stock opened at $191.68 on Friday. The firm has a 50-day moving average of $193.08 and a 200-day moving average of $188.84. The stock has a market cap of $50.76 billion, a PE ratio of 12.41, a PEG ratio of 1.47 and a beta of 0.52. The Allstate Co. has a 52-week low of $153.87 and a 52-week high of $209.88. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, beating analysts’ consensus estimates of $5.40 by $2.27. Allstate had a return on equity of 26.67% and a net margin of 6.77%. As a group, sell-side analysts forecast that The Allstate Co. will post 16.96 EPS for the current year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors 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 1.92%. The ex-dividend date was Friday, November 29th. Allstate’s dividend payout ratio (DPR) is presently 23.83%.

Analyst Ratings Changes

ALL has been the subject of several analyst reports. Jefferies Financial Group raised 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. Barclays decreased their target price 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. BMO Capital Markets raised their target price 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. Piper Sandler raised their target price on shares of Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. 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 report on Thursday, October 10th. One 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’s stock. According to data from MarketBeat.com, Allstate presently has a consensus 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.