Mayfair Advisory Group LLC Lowers Holdings in The Allstate Co. (NYSE:ALL)

Mayfair Advisory Group LLC cut its holdings in shares of The Allstate Co. (NYSE:ALL) by 18.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,426 shares of the insurance provider’s stock after selling 320 shares during the quarter. Mayfair Advisory Group LLC’s holdings in Allstate were worth $275,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FSA Wealth Management LLC acquired a new stake in Allstate in the 3rd quarter valued at approximately $26,000. Northwest Investment Counselors LLC acquired a new position in Allstate during the 3rd quarter worth about $28,000. Catalyst Capital Advisors LLC purchased a new position in Allstate during the 3rd quarter valued at about $29,000. Peoples Bank KS purchased a new stake in Allstate during the fourth quarter worth about $49,000. Finally, Transamerica Financial Advisors Inc. purchased a new position in shares of Allstate in the third quarter valued at approximately $58,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Trading Up 2.4 %

NYSE ALL opened at $186.87 on Wednesday. The Allstate Co. has a 52-week low of $150.17 and a 52-week high of $209.88. The firm has a 50-day moving average price of $195.89 and a 200 day moving average price of $186.07. The stock has a market capitalization of $49.48 billion, a P/E ratio of 12.10, a P/E/G ratio of 1.70 and a beta of 0.52. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $1.71. The firm had revenue of $16.63 billion during the quarter, compared to analysts’ expectations of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. Allstate’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.81 earnings per share. Equities research analysts expect that The Allstate Co. will post 16.26 EPS for the current 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 paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Friday, November 29th. Allstate’s dividend payout ratio (DPR) is 23.83%.

Analysts Set New Price Targets

ALL has been the subject of several recent research reports. Morgan Stanley raised their price target on shares of Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. BMO Capital Markets upped their target price on shares of Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Raymond James boosted their price target on shares of Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Friday, October 4th. Finally, UBS Group lifted their price objective on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, Allstate 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.