Stock Yards Bank & Trust Co. Buys 598 Shares of The Allstate Co. (NYSE:ALL)

Stock Yards Bank & Trust Co. boosted its position in shares of The Allstate Co. (NYSE:ALL) by 10.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,374 shares of the insurance provider’s stock after acquiring an additional 598 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Allstate were worth $1,229,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ALL. State Street Corp raised its position in Allstate by 1.1% in the 3rd quarter. State Street Corp now owns 11,496,306 shares of the insurance provider’s stock valued at $2,190,758,000 after buying an additional 126,922 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Allstate by 1.2% during the third quarter. Geode Capital Management LLC now owns 6,228,581 shares of the insurance provider’s stock worth $1,178,164,000 after purchasing an additional 74,537 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Allstate by 18.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider’s stock valued at $569,114,000 after purchasing an additional 472,040 shares in the last quarter. Raymond James & Associates increased its stake in Allstate by 10.6% in the 3rd quarter. Raymond James & Associates now owns 1,517,800 shares of the insurance provider’s stock valued at $287,851,000 after buying an additional 145,986 shares during the last quarter. Finally, Pathway Financial Advisers LLC lifted its position in Allstate by 18,472.5% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,052,687 shares of the insurance provider’s stock worth $199,642,000 after buying an additional 1,047,019 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ALL shares. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Bank of America boosted their price target on Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Jefferies Financial Group increased their price objective on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a report on Friday, November 8th. Keefe, Bruyette & Woods boosted 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, Piper Sandler increased their price target on shares of Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, Allstate has an average rating of “Moderate Buy” and an average target price of $218.13.

Allstate Stock Performance

Shares of NYSE ALL opened at $192.13 on Tuesday. The Allstate Co. has a one year low of $153.87 and a one year high of $209.88. 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 firm has a market cap of $50.87 billion, a price-to-earnings ratio of 12.44, a P/E/G ratio of 1.47 and a beta of 0.52. The stock’s fifty day moving average price is $193.92 and its two-hundred day moving average price is $188.58.

Allstate Dividend Announcement

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

About Allstate

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.