Yousif Capital Management LLC Sells 1,023 Shares of The Allstate Co. (NYSE:ALL)

Yousif Capital Management LLC reduced its stake in shares of The Allstate Co. (NYSE:ALL) by 2.5% in the 4th quarter, Holdings Channel reports. The firm owned 39,425 shares of the insurance provider’s stock after selling 1,023 shares during the quarter. Yousif Capital Management LLC’s holdings in Allstate were worth $7,601,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Czech National Bank boosted its holdings in Allstate by 7.0% in the third quarter. Czech National Bank now owns 53,787 shares of the insurance provider’s stock valued at $10,201,000 after acquiring an additional 3,496 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Allstate by 39.5% in the 3rd quarter. GAMMA Investing LLC now owns 3,986 shares of the insurance provider’s stock valued at $756,000 after purchasing an additional 1,129 shares during the last quarter. Miracle Mile Advisors LLC increased its position in shares of Allstate by 5.2% during the third quarter. Miracle Mile Advisors LLC now owns 3,359 shares of the insurance provider’s stock worth $637,000 after buying an additional 165 shares during the period. Mather Group LLC. raised its stake in Allstate by 24.6% during the third quarter. Mather Group LLC. now owns 3,554 shares of the insurance provider’s stock worth $674,000 after buying an additional 702 shares during the last quarter. Finally, Aprio Wealth Management LLC boosted its position in Allstate by 5.9% during the third quarter. Aprio Wealth Management LLC now owns 1,360 shares of the insurance provider’s stock valued at $258,000 after acquiring an additional 76 shares during the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Price Performance

ALL stock opened at $192.92 on Thursday. The company has a market capitalization of $51.09 billion, a P/E ratio of 12.50, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52. The Allstate Co. has a 52-week low of $153.87 and a 52-week high of $209.88. The business has a 50-day simple moving average of $193.38 and a two-hundred day simple moving average of $188.81. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.40 by $2.27. Allstate had a return on equity of 26.67% and a net margin of 6.77%. Research analysts expect that The Allstate Co. will post 16.96 EPS for the current fiscal year.

Allstate Announces Dividend

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 of this dividend was Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.91%. Allstate’s dividend payout ratio is currently 23.83%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Barclays dropped their price target on Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a research note on Monday, January 6th. Piper Sandler raised their price objective on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group raised their price target on shares of Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, one has given 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $218.13.

Allstate 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.