Janney Capital Management LLC Sells 416 Shares of The Allstate Co. (NYSE:ALL)

Janney Capital Management LLC reduced its stake in shares of The Allstate Co. (NYSE:ALL) by 2.1% in the fourth quarter, Holdings Channel reports. The firm owned 19,744 shares of the insurance provider’s stock after selling 416 shares during the period. Janney Capital Management LLC’s holdings in Allstate were worth $3,806,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ALL. JPMorgan Chase & Co. raised its position in Allstate by 5.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 577,934 shares of the insurance provider’s stock valued at $109,605,000 after purchasing an additional 28,584 shares in the last quarter. Hennessy Advisors Inc. increased its stake in shares of Allstate by 6.9% during the fourth quarter. Hennessy Advisors Inc. now owns 58,600 shares of the insurance provider’s stock valued at $11,297,000 after buying an additional 3,800 shares during the period. Eagle Asset Management Inc. raised its holdings in shares of Allstate by 38.0% in the third quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider’s stock valued at $2,067,000 after acquiring an additional 2,888 shares in the last quarter. Bank of Montreal Can lifted its stake in Allstate by 1.7% in the third quarter. Bank of Montreal Can now owns 683,574 shares of the insurance provider’s stock worth $128,758,000 after acquiring an additional 11,195 shares during the period. Finally, Artemis Investment Management LLP grew its holdings in Allstate by 33.3% during the 4th quarter. Artemis Investment Management LLP now owns 401,542 shares of the insurance provider’s stock worth $77,413,000 after acquiring an additional 100,311 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors.

Allstate Trading Up 0.3 %

NYSE ALL opened at $190.37 on Wednesday. The Allstate Co. has a 12-month low of $153.42 and a 12-month high of $209.88. The company has a fifty day simple moving average of $195.39 and a two-hundred day simple moving average of $187.12. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43. The stock has a market cap of $50.41 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.42 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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. The company had revenue of $16.63 billion during 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 firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $0.81 EPS. On average, analysts forecast that The Allstate Co. will post 16.72 earnings per share for the current year.

Allstate Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors 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 dividend yield of 1.93%. The ex-dividend date was Friday, November 29th. Allstate’s dividend payout ratio (DPR) is 23.83%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ALL shares. Morgan Stanley increased their price objective on shares of Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. UBS Group lifted their price target on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a report on Monday, November 4th. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. BMO Capital Markets lifted their target price on Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Finally, Jefferies Financial Group boosted their target price on shares of Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Allstate 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.