The Allstate Co. (NYSE:ALL) Holdings Reduced by Stephens Inc. AR

Stephens Inc. AR lessened its holdings in shares of The Allstate Co. (NYSE:ALL) by 39.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,338 shares of the insurance provider’s stock after selling 25,885 shares during the period. Stephens Inc. AR’s holdings in Allstate were worth $7,584,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ALL. FSA Wealth Management LLC bought a new position in shares of Allstate in the third quarter valued at approximately $26,000. Northwest Investment Counselors LLC acquired a new stake in Allstate in the third quarter worth approximately $28,000. Catalyst Capital Advisors LLC bought a new position in Allstate during the 3rd quarter valued at $29,000. Peoples Bank KS acquired a new position in shares of Allstate during the 4th quarter valued at $49,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Allstate in the 4th quarter worth $57,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Stock Down 0.9 %

NYSE:ALL opened at $190.24 on Monday. The Allstate Co. has a 1-year low of $153.87 and a 1-year high of $209.88. The firm has a market capitalization of $50.37 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 1.47 and a beta of 0.52. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42. The business’s fifty day moving average price is $192.41 and its 200 day moving average price is $189.07.

Allstate (NYSE:ALL) last posted its quarterly 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%. On average, sell-side analysts forecast that The Allstate Co. will post 18.64 earnings per share for the current fiscal year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were paid 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 of this dividend was Friday, November 29th. Allstate’s dividend payout ratio (DPR) is currently 21.66%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ALL shares. The Goldman Sachs Group raised their target price on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Jefferies Financial Group raised their price objective on shares of Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Bank of America boosted their target price on shares of Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods raised their target price on shares of Allstate from $235.00 to $243.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Finally, Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Allstate currently has an average rating of “Moderate Buy” and an average 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.