Weatherly Asset Management L. P. Cuts Position in The Allstate Co. (NYSE:ALL)

Weatherly Asset Management L. P. cut its holdings in The Allstate Co. (NYSE:ALL) by 1.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,629 shares of the insurance provider’s stock after selling 105 shares during the period. Weatherly Asset Management L. P.’s holdings in Allstate were worth $1,478,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new stake in Allstate in the third quarter worth $26,000. Northwest Investment Counselors LLC bought a new stake in Allstate in the third quarter worth $28,000. Catalyst Capital Advisors LLC bought a new stake in Allstate in the third quarter worth $29,000. Peoples Bank KS bought a new stake in Allstate in the fourth quarter worth $49,000. Finally, Stonebridge Financial Group LLC bought a new stake in Allstate in the fourth quarter worth $53,000. 76.47% of the stock is owned by institutional investors.

Allstate Price Performance

Shares of ALL opened at $186.57 on Tuesday. The stock has a market cap of $49.40 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.40 and a current ratio of 0.36. The Allstate Co. has a fifty-two week low of $153.87 and a fifty-two week high of $209.88. The firm’s 50-day simple moving average is $192.41 and its two-hundred day simple moving average is $189.19.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share 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%. Analysts anticipate that The Allstate Co. will post 18.64 earnings per share for the current fiscal year.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders 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 1.97%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s payout ratio is 21.66%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ALL shares. Keefe, Bruyette & Woods upped their price objective on shares of Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Barclays lowered their price objective on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research note on Monday, January 6th. Bank of America upped their price objective on shares of Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Evercore ISI raised shares of Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group upped their price objective on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 15th. 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus 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.