Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 478 Shares of The Allstate Co. (NYSE:ALL)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lowered its stake in The Allstate Co. (NYSE:ALL) by 12.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,452 shares of the insurance provider’s stock after selling 478 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Allstate were worth $665,000 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. FSA Wealth Management LLC bought a new stake in Allstate in the third quarter valued at approximately $26,000. Northwest Investment Counselors LLC bought a new stake in Allstate in the third quarter valued at approximately $28,000. Catalyst Capital Advisors LLC bought a new stake in Allstate in the third quarter valued at approximately $29,000. Peoples Bank KS bought a new stake in Allstate in the fourth quarter valued at approximately $49,000. Finally, Transamerica Financial Advisors Inc. bought a new position in shares of Allstate during the third quarter valued at approximately $58,000. Institutional investors own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ALL shares. Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Jefferies Financial Group raised their price target on Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Wells Fargo & Company raised their price target on Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. 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, 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Allstate currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.13.

Allstate Price Performance

Shares of NYSE:ALL opened at $191.21 on Wednesday. The Allstate Co. has a 1-year low of $153.42 and a 1-year high of $209.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The business has a fifty day moving average price of $194.56 and a 200-day moving average price of $187.88. The company has a market capitalization of $50.63 billion, a PE ratio of 12.38, a PEG ratio of 1.41 and a beta of 0.52.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping the consensus estimate of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The company had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same period last year, the company earned $0.81 EPS. Allstate’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, equities analysts expect that The Allstate Co. will post 16.83 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors 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 yield of 1.92%. Allstate’s payout ratio is 23.83%.

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.