The Allstate Co. (NYSE:ALL) Shares Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. lowered its stake in The Allstate Co. (NYSE:ALL) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,684 shares of the insurance provider’s stock after selling 1,702 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Allstate were worth $6,301,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of 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 bought a new stake in Allstate during the third quarter worth approximately $28,000. Catalyst Capital Advisors LLC acquired a new stake in Allstate in the third quarter worth approximately $29,000. Peoples Bank KS bought a new position in Allstate during the 4th quarter valued at $49,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Allstate during the 4th quarter valued at $57,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ALL. UBS Group upped their price objective on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a report on Monday, November 4th. Bank of America lifted their price objective on shares of Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Piper Sandler increased their target price 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. Jefferies Financial Group raised their target price on shares of Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, BMO Capital Markets upped their price target on Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $218.13.

Allstate Trading Down 0.9 %

Shares of NYSE ALL opened at $190.24 on Monday. 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 Allstate Co. has a one year low of $153.87 and a one year high of $209.88. The business has a 50-day moving average price of $192.41 and a two-hundred day moving average price of $189.07. The firm has a market capitalization of $50.37 billion, a PE ratio of 11.20, a PEG ratio of 1.47 and a beta of 0.52.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, topping the consensus estimate of $5.40 by $2.27. Allstate had a net margin of 7.28% and a return on equity of 28.20%. As a group, analysts predict that The Allstate Co. will post 18.64 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Friday, November 29th. Allstate’s dividend payout ratio (DPR) is presently 21.66%.

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.