CHICAGO TRUST Co NA Sells 300 Shares of The Allstate Co. (NYSE:ALL)

CHICAGO TRUST Co NA decreased its position in The Allstate Co. (NYSE:ALL) by 7.8% during the 1st quarter, Holdings Channel reports. The firm owned 3,570 shares of the insurance provider’s stock after selling 300 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Allstate were worth $739,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. VSM Wealth Advisory LLC bought a new stake in shares of Allstate in the 4th quarter worth about $25,000. Twin Tree Management LP acquired a new position in Allstate during the 4th quarter worth about $27,000. Vision Financial Markets LLC acquired a new position in Allstate during the 4th quarter worth about $29,000. Hopwood Financial Services Inc. acquired a new position in Allstate during the 4th quarter worth about $29,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Allstate during the 4th quarter worth about $29,000. Institutional investors own 76.47% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on ALL shares. Morgan Stanley upped their price target on shares of Allstate from $225.00 to $235.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 6th. Wall Street Zen upgraded shares of Allstate from a “hold” rating to a “buy” rating in a research report on Thursday, May 1st. Barclays reduced their price target on shares of Allstate from $183.00 to $172.00 and set an “underweight” rating on the stock in a research report on Friday, April 11th. Keefe, Bruyette & Woods upped their price target on shares of Allstate from $228.00 to $235.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Finally, Raymond James reiterated a “strong-buy” rating and set a $250.00 price target (up previously from $240.00) on shares of Allstate in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $225.20.

Allstate Stock Performance

Allstate stock opened at $208.10 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 1 year low of $156.66 and a 1 year high of $213.18. The company has a market cap of $55.11 billion, a PE ratio of 12.25, a PEG ratio of 1.01 and a beta of 0.35. The company’s 50-day moving average is $199.59 and its two-hundred day moving average is $197.12.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share for the quarter, missing analysts’ consensus estimates of $3.98 by ($0.45). The firm had revenue of $14.30 billion during the quarter, compared to analyst estimates of $16.41 billion. Allstate had a net margin of 7.28% and a return on equity of 28.20%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.13 earnings per share. Equities analysts anticipate that The Allstate Co. will post 18.74 earnings per share for the current year.

Allstate Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 9th will be given a $1.00 dividend. The ex-dividend date is Monday, June 9th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.92%. Allstate’s dividend payout ratio is 27.32%.

Allstate announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 26th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the insurance provider to purchase up to 3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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.