The Allstate Co. (NYSE:ALL) Shares Bought by Blue Trust Inc.

Blue Trust Inc. boosted its position in shares of The Allstate Co. (NYSE:ALL) by 63.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,900 shares of the insurance provider’s stock after buying an additional 1,911 shares during the period. Blue Trust Inc.’s holdings in Allstate were worth $929,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ALL. AXA S.A. increased its position in Allstate by 228.7% during the second quarter. AXA S.A. now owns 15,782 shares of the insurance provider’s stock worth $2,520,000 after buying an additional 10,980 shares during the period. The Manufacturers Life Insurance Company increased its position in Allstate by 20.6% during the second quarter. The Manufacturers Life Insurance Company now owns 203,225 shares of the insurance provider’s stock worth $32,447,000 after buying an additional 34,702 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of Allstate in the second quarter valued at approximately $1,377,000. Ascent Group LLC increased its holdings in shares of Allstate by 3.4% in the second quarter. Ascent Group LLC now owns 4,774 shares of the insurance provider’s stock valued at $762,000 after purchasing an additional 156 shares during the period. Finally, Creative Planning increased its holdings in shares of Allstate by 9.0% in the second quarter. Creative Planning now owns 63,543 shares of the insurance provider’s stock valued at $10,145,000 after purchasing an additional 5,267 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Down 1.0 %

ALL opened at $191.21 on Wednesday. The business’s fifty day moving average is $194.56 and its two-hundred day moving average is $187.88. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market cap of $50.63 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 1.41 and a beta of 0.52. The Allstate Co. has a one year low of $153.42 and a one year 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. Analysts anticipate that The Allstate Co. will post 16.83 EPS for the current fiscal year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were given a $0.92 dividend. The ex-dividend date was Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.92%. Allstate’s dividend payout ratio is currently 23.83%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ALL. Barclays dropped their target price on Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a report on Monday, January 6th. 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. Piper Sandler boosted their target price on Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Finally, UBS Group upped 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently 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.