The Allstate Co. (NYSE:ALL) Shares Sold by Empirical Finance LLC

Empirical Finance LLC lowered its position in The Allstate Co. (NYSE:ALL) by 1.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 9,174 shares of the insurance provider’s stock after selling 126 shares during the quarter. Empirical Finance LLC’s holdings in Allstate were worth $1,769,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC lifted its stake in shares of Allstate by 15,062.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,119,129 shares of the insurance provider’s stock valued at $215,757,000 after purchasing an additional 1,111,748 shares in the last quarter. Pathway Financial Advisers LLC raised its holdings in Allstate by 18,472.5% in the third quarter. Pathway Financial Advisers LLC now owns 1,052,687 shares of the insurance provider’s stock valued at $199,642,000 after buying an additional 1,047,019 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Allstate by 18.7% during 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 buying an additional 472,040 shares in the last quarter. TimesSquare Capital Management LLC purchased a new stake in Allstate during the third quarter worth approximately $77,819,000. Finally, Los Angeles Capital Management LLC increased its position in shares of Allstate by 688.4% in the third quarter. Los Angeles Capital Management LLC now owns 460,282 shares of the insurance provider’s stock worth $87,292,000 after acquiring an additional 401,901 shares in the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Barclays reduced their target price on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a report on Monday, January 6th. UBS Group upped their target price on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Wells Fargo & Company raised their target price on Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Morgan Stanley upped their price target on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, BMO Capital Markets lifted their price objective on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.13.

Allstate Stock Performance

Shares of Allstate stock opened at $190.24 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.40 and a current ratio of 0.36. The Allstate Co. has a 1 year low of $153.87 and a 1 year high of $209.88. The firm’s 50-day simple moving average is $192.41 and its 200-day simple moving average is $189.07. The firm has a market cap of $50.37 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52.

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

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 1.93%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s dividend payout ratio is presently 21.66%.

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.