Hilltop National Bank Cuts Stock Position in The Allstate Co. (NYSE:ALL)

Hilltop National Bank lowered its stake in The Allstate Co. (NYSE:ALL) by 50.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 409 shares of the insurance provider’s stock after selling 415 shares during the quarter. Hilltop National Bank’s holdings in Allstate were worth $79,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. SPC Financial Inc. grew its stake in shares of Allstate by 3.6% in the 3rd quarter. SPC Financial Inc. now owns 1,564 shares of the insurance provider’s stock worth $297,000 after buying an additional 54 shares during the last quarter. Lake Street Advisors Group LLC boosted its stake in Allstate by 1.8% during the 3rd quarter. Lake Street Advisors Group LLC now owns 3,129 shares of the insurance provider’s stock valued at $596,000 after purchasing an additional 54 shares during the last quarter. Abacus Planning Group Inc. boosted its stake in Allstate by 2.4% during the 3rd quarter. Abacus Planning Group Inc. now owns 2,416 shares of the insurance provider’s stock valued at $458,000 after purchasing an additional 56 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in Allstate by 1.3% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,630 shares of the insurance provider’s stock valued at $893,000 after purchasing an additional 59 shares during the last quarter. Finally, Carmichael Hill & Associates Inc. boosted its stake in Allstate by 15.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 460 shares of the insurance provider’s stock valued at $87,000 after purchasing an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

NYSE:ALL opened at $181.12 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43. The business’s 50-day simple moving average is $195.84 and its two-hundred day simple moving average is $185.36. The stock has a market cap of $47.96 billion, a PE ratio of 11.73, a P/E/G ratio of 1.70 and a beta of 0.52. The Allstate Co. has a 52 week low of $148.23 and a 52 week high of $209.88.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $1.71. The business had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm earned $0.81 earnings per share. As a group, analysts forecast that The Allstate Co. will post 16.26 EPS for the current fiscal year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were issued a $0.92 dividend. The ex-dividend date was Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 2.03%. Allstate’s dividend payout ratio (DPR) is 23.83%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ALL. Keefe, Bruyette & Woods increased their target price on Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a research note on Friday. Wells Fargo & Company increased their target price on Allstate from $175.00 to $186.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. raised their price target on Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. UBS Group raised their price target on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group raised their price target on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $218.06.

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.