Neumann Capital Management LLC Sells 154 Shares of The Allstate Co. (NYSE:ALL)

Neumann Capital Management LLC cut its stake in shares of The Allstate Co. (NYSE:ALL) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,806 shares of the insurance provider’s stock after selling 154 shares during the quarter. Neumann Capital Management LLC’s holdings in Allstate were worth $1,698,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of ALL. JPMorgan Chase & Co. increased its stake in shares of Allstate by 5.2% during the third quarter. JPMorgan Chase & Co. now owns 577,934 shares of the insurance provider’s stock valued at $109,605,000 after buying an additional 28,584 shares during the period. Ameritas Advisory Services LLC grew its holdings in Allstate by 117.3% during the 4th quarter. Ameritas Advisory Services LLC now owns 4,896 shares of the insurance provider’s stock worth $944,000 after acquiring an additional 2,643 shares in the last quarter. Hennessy Advisors Inc. increased its position in Allstate by 6.9% during the 4th quarter. Hennessy Advisors Inc. now owns 58,600 shares of the insurance provider’s stock valued at $11,297,000 after purchasing an additional 3,800 shares during the period. Artemis Investment Management LLP raised its holdings in shares of Allstate by 33.3% in the 4th quarter. Artemis Investment Management LLP now owns 401,542 shares of the insurance provider’s stock valued at $77,413,000 after purchasing an additional 100,311 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its position in shares of Allstate by 38.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider’s stock worth $2,067,000 after purchasing an additional 2,888 shares during the period. Institutional investors own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Barclays cut their price objective on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a report on Monday, January 6th. UBS Group boosted their price target on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. raised their price objective on Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Wells Fargo & Company boosted their target price on shares of Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Finally, Raymond James raised their price target on shares of Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a report on Friday, October 4th. One equities research 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $218.13.

Allstate Stock Down 0.3 %

Allstate stock opened at $184.63 on Friday. The business’s 50-day moving average price is $195.15 and its 200 day moving average price is $187.10. 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 $48.89 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 1.45 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.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping 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 business had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same quarter last year, the company earned $0.81 EPS. The business’s revenue was up 14.7% on a year-over-year basis. As a group, sell-side analysts anticipate that The Allstate Co. will post 16.72 earnings per share for the current year.

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s dividend payout ratio (DPR) is presently 23.83%.

Allstate 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.