The Allstate Co. (NYSE:ALL) Shares Sold by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC lessened its position in The Allstate Co. (NYSE:ALL) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,782 shares of the insurance provider’s stock after selling 86 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Allstate were worth $729,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ALL. Sanctuary Advisors LLC purchased a new position in shares of Allstate during the 2nd quarter worth about $3,256,000. Centaurus Financial Inc. lifted its stake in shares of Allstate by 43.0% in the 2nd quarter. Centaurus Financial Inc. now owns 841 shares of the insurance provider’s stock valued at $134,000 after purchasing an additional 253 shares in the last quarter. Czech National Bank grew its holdings in shares of Allstate by 7.0% during the 3rd quarter. Czech National Bank now owns 53,787 shares of the insurance provider’s stock worth $10,201,000 after purchasing an additional 3,496 shares during the period. Canandaigua National Bank & Trust Co. increased its position in Allstate by 10.6% during the 3rd quarter. Canandaigua National Bank & Trust Co. now owns 9,271 shares of the insurance provider’s stock worth $1,758,000 after purchasing an additional 889 shares in the last quarter. Finally, Park Avenue Securities LLC raised its holdings in Allstate by 16.5% in the third quarter. Park Avenue Securities LLC now owns 7,233 shares of the insurance provider’s stock valued at $1,372,000 after buying an additional 1,024 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Stock Down 0.6 %

Shares of Allstate stock opened at $192.60 on Friday. The business has a 50-day moving average price of $193.92 and a 200 day moving average price of $188.46. The Allstate Co. has a fifty-two week low of $153.42 and a fifty-two week high of $209.88. The firm has a market cap of $51.00 billion, a P/E ratio of 12.47, a P/E/G ratio of 1.45 and a beta of 0.52. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $1.71. The business had revenue of $16.63 billion during the quarter, compared to the consensus estimate 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 in the previous year, the business earned $0.81 EPS. On average, sell-side analysts forecast that The Allstate Co. will post 16.96 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were issued a dividend of $0.92 per share. The ex-dividend date was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.91%. Allstate’s dividend payout ratio (DPR) is 23.83%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Piper Sandler raised 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. UBS Group increased their target price on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Barclays reduced their price target on Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a research report on Monday, January 6th. The Goldman Sachs Group increased their price objective on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Wells Fargo & Company boosted their target price on shares of Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $218.13.

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.