Empirical Finance LLC Cuts Stock Position in The Allstate Co. (NYSE:ALL)

Empirical Finance LLC decreased its holdings in The Allstate Co. (NYSE:ALL) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,174 shares of the insurance provider’s stock after selling 126 shares during the quarter. Empirical Finance LLC’s holdings in Allstate were worth $1,769,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SPC Financial Inc. lifted its holdings in shares of Allstate by 3.6% in the 3rd quarter. SPC Financial Inc. now owns 1,564 shares of the insurance provider’s stock valued at $297,000 after buying an additional 54 shares during the period. Lake Street Advisors Group LLC raised its position in Allstate by 1.8% in the third quarter. Lake Street Advisors Group LLC now owns 3,129 shares of the insurance provider’s stock worth $596,000 after acquiring an additional 54 shares in the last quarter. Chicago Partners Investment Group LLC lifted its holdings in Allstate by 1.3% in the third quarter. Chicago Partners Investment Group LLC now owns 4,630 shares of the insurance provider’s stock valued at $893,000 after acquiring an additional 59 shares during the period. Carmichael Hill & Associates Inc. boosted its position in shares of Allstate by 15.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 460 shares of the insurance provider’s stock worth $87,000 after purchasing an additional 60 shares in the last quarter. Finally, Apella Capital LLC grew its stake in shares of Allstate by 1.9% during the 4th quarter. Apella Capital LLC now owns 3,231 shares of the insurance provider’s stock worth $623,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Price Performance

Allstate stock opened at $190.24 on Monday. The stock has a market capitalization of $50.37 billion, a P/E ratio of 11.20, a P/E/G ratio of 1.47 and a beta of 0.52. The Allstate Co. has a 12-month low of $153.87 and a 12-month high of $209.88. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.36 and a quick ratio of 0.40. The firm’s 50-day moving average is $192.41 and its two-hundred day moving average is $189.07.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.40 by $2.27. Allstate had a net margin of 7.28% and a return on equity of 28.20%. Equities analysts predict that The Allstate Co. will post 18.64 earnings per share for the current year.

Allstate Dividend Announcement

The firm also recently announced 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 of this dividend was Friday, November 29th. This represents a $3.68 annualized dividend and a yield of 1.93%. Allstate’s payout ratio is currently 21.66%.

Wall Street Analyst Weigh In

Several analysts recently commented on ALL shares. Morgan Stanley raised 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. Wells Fargo & Company boosted their price target on Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Barclays lowered their price target on Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a report on Monday, January 6th. UBS Group lifted their price objective on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Keefe, Bruyette & Woods raised their price target on Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and an average 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.