The Allstate Co. (NYSE:ALL) Shares Sold by Leisure Capital Management

Leisure Capital Management trimmed its holdings in The Allstate Co. (NYSE:ALL) by 41.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,631 shares of the insurance provider’s stock after selling 6,109 shares during the period. Leisure Capital Management’s holdings in Allstate were worth $1,664,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ALL. FSA Wealth Management LLC purchased a new stake in Allstate in the 3rd quarter valued at about $26,000. Northwest Investment Counselors LLC acquired a new position in shares of Allstate in the 3rd quarter worth approximately $28,000. Catalyst Capital Advisors LLC purchased a new position in shares of Allstate during the 3rd quarter worth approximately $29,000. Peoples Bank KS acquired a new stake in Allstate in the 4th quarter valued at approximately $49,000. Finally, Transamerica Financial Advisors Inc. purchased a new stake in Allstate in the third quarter valued at approximately $58,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Stock Down 0.6 %

Allstate stock opened at $192.60 on Monday. The stock’s 50 day moving average price is $193.92 and its 200 day moving average price is $188.58. The company has a market cap of $51.00 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The Allstate Co. has a 1-year low of $153.42 and a 1-year high of $209.88.

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 1.91%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s dividend payout ratio (DPR) is presently 23.83%.

Analyst Ratings Changes

A number of equities analysts recently commented on ALL shares. Keefe, Bruyette & Woods raised 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. UBS Group upped their target price on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. boosted their price target on shares of Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Piper Sandler boosted their price objective on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Finally, 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.