Hilltop National Bank Trims Stake in The Allstate Co. (NYSE:ALL)

Hilltop National Bank trimmed its holdings in shares of The Allstate Co. (NYSE:ALL) by 50.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State Street Corp grew its position in Allstate by 1.1% during the third quarter. State Street Corp now owns 11,496,306 shares of the insurance provider’s stock worth $2,190,758,000 after buying an additional 126,922 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Allstate by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 6,228,581 shares of the insurance provider’s stock worth $1,178,164,000 after purchasing an additional 74,537 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Allstate by 18.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider’s stock worth $569,114,000 after purchasing an additional 472,040 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Allstate by 10.6% in the 3rd quarter. Raymond James & Associates now owns 1,517,800 shares of the insurance provider’s stock worth $287,851,000 after purchasing an additional 145,986 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Allstate by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,437,688 shares of the insurance provider’s stock worth $229,545,000 after purchasing an additional 47,038 shares in the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Trading Down 5.6 %

ALL opened at $181.12 on Friday. The Allstate Co. has a one year low of $148.23 and a one year high of $209.88. The firm has a market capitalization of $47.96 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 1.70 and a beta of 0.52. The business has a 50 day simple moving average of $195.84 and a two-hundred day simple moving average of $185.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (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 firm had revenue of $16.63 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the prior year, the company earned $0.81 EPS. The business’s revenue was up 14.7% compared to the same quarter last year. Analysts predict that The Allstate Co. will post 16.26 EPS for the current 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 given a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s dividend payout ratio is currently 23.83%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ALL. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday. Raymond James upped their price objective on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Friday, October 4th. JPMorgan Chase & Co. upped their price objective on Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Barclays dropped their target price on Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a report on Monday, January 6th. Finally, Bank of America increased their target price on Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a report 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $218.06.

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.