Alpha Omega Wealth Management LLC Cuts Stock Holdings in The Allstate Co. (NYSE:ALL)

Alpha Omega Wealth Management LLC lessened its holdings in The Allstate Co. (NYSE:ALL) by 0.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,423 shares of the insurance provider’s stock after selling 67 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Allstate were worth $1,817,000 at the end of the most recent quarter.

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

Allstate Trading Down 0.6 %

Shares of Allstate stock opened at $192.60 on Friday. The Allstate Co. has a 1 year low of $153.42 and a 1 year high of $209.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market cap of $51.00 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 1.45 and a beta of 0.52. The firm has a fifty day moving average price of $193.92 and a 200 day moving average price of $188.31.

Allstate (NYSE:ALL) last issued its quarterly earnings data 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 business had revenue of $16.63 billion during the quarter, compared to analysts’ expectations of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.81 EPS. Equities research analysts predict that The Allstate Co. will post 16.96 earnings per share for the current year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were given a $0.92 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 annualized dividend and a yield of 1.91%. Allstate’s dividend payout ratio is presently 23.83%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Morgan Stanley lifted their price target on shares of Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Jefferies Financial Group increased their price objective on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a report on Friday, November 8th. JPMorgan Chase & Co. boosted their target price on Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, BMO Capital Markets increased their price target on Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. One investment 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 company presently has an average rating of “Moderate Buy” and a consensus target price 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.