MassMutual Private Wealth & Trust FSB Sells 726 Shares of The Allstate Co. (NYSE:ALL)

MassMutual Private Wealth & Trust FSB lowered its position in shares of The Allstate Co. (NYSE:ALL) by 4.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,400 shares of the insurance provider’s stock after selling 726 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Allstate were worth $3,355,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. FSA Wealth Management LLC bought a new stake in shares of Allstate during the third quarter worth about $26,000. Northwest Investment Counselors LLC acquired a new stake in Allstate during the 3rd quarter worth approximately $28,000. Catalyst Capital Advisors LLC acquired a new position in Allstate in the 3rd quarter valued at approximately $29,000. Peoples Bank KS bought a new position in shares of Allstate during the fourth quarter valued at $49,000. Finally, Transamerica Financial Advisors Inc. acquired a new position in shares of Allstate during the third quarter worth $58,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ALL. Raymond James increased their price objective on Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a report on Friday, October 4th. UBS Group raised their price objective on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Jefferies Financial Group upped their target price on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a report on Friday, November 8th. BMO Capital Markets raised their price target on shares of Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Finally, Barclays reduced their price objective on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $218.13.

Allstate Price Performance

Shares of ALL opened at $188.85 on Tuesday. The stock has a market cap of $50.01 billion, a P/E ratio of 12.23, a P/E/G ratio of 1.35 and a beta of 0.52. The business’s fifty day moving average is $195.73 and its 200 day moving average is $186.69. 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.

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 analysts’ consensus estimates of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The firm had revenue of $16.63 billion during the quarter, compared to analysts’ expectations of $14.57 billion. During the same period last year, the company earned $0.81 earnings per share. The business’s revenue was up 14.7% on a year-over-year basis. Sell-side analysts anticipate that The Allstate Co. will post 16.45 earnings per share for the current fiscal year.

Allstate Announces Dividend

The business also recently disclosed 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 1.95%. The ex-dividend date was Friday, November 29th. Allstate’s dividend payout ratio is currently 23.83%.

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.