Capital Investment Advisory Services LLC Trims Stock Position in The Allstate Co. (NYSE:ALL)

Capital Investment Advisory Services LLC decreased its position in shares of The Allstate Co. (NYSE:ALL) by 21.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,534 shares of the insurance provider’s stock after selling 431 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Allstate were worth $296,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BDF Gestion grew its stake in Allstate by 40.8% during the 4th quarter. BDF Gestion now owns 26,912 shares of the insurance provider’s stock worth $5,188,000 after buying an additional 7,802 shares during the last quarter. Manning & Napier Advisors LLC boosted its holdings in shares of Allstate by 76.0% in the fourth quarter. Manning & Napier Advisors LLC now owns 27,099 shares of the insurance provider’s stock valued at $5,224,000 after acquiring an additional 11,698 shares during the period. Ibex Wealth Advisors purchased a new position in shares of Allstate during the fourth quarter worth approximately $569,000. Invesco LLC increased its holdings in shares of Allstate by 4.1% in the 4th quarter. Invesco LLC now owns 14,615 shares of the insurance provider’s stock valued at $2,818,000 after acquiring an additional 575 shares during the period. Finally, Swedbank AB raised its position in Allstate by 19.5% in the 4th quarter. Swedbank AB now owns 37,848 shares of the insurance provider’s stock valued at $7,297,000 after purchasing an additional 6,174 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Price Performance

ALL stock opened at $192.60 on Friday. The firm has a 50 day moving average of $194.15 and a 200-day moving average of $188.14. The company has a market cap of $51.00 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 1.45 and a beta of 0.52. 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 Allstate Co. has a 12-month low of $153.42 and a 12-month high of $209.88.

Allstate (NYSE:ALL) last posted its earnings results 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 return on equity of 26.67% and a net margin of 6.77%. The company had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the previous year, the business earned $0.81 earnings per share. Allstate’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, equities analysts expect that The Allstate Co. will post 16.96 EPS for the current fiscal year.

Allstate Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have issued reports on ALL. Morgan Stanley raised their price objective on shares of Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Wells Fargo & Company boosted their price target on Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Raymond James increased their price objective on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 4th. Keefe, Bruyette & Woods boosted their target price on Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Finally, The Goldman Sachs Group increased their price target on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $218.13.

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.