Dakota Wealth Management Lowers Holdings in The Allstate Co. (NYSE:ALL)

Dakota Wealth Management decreased its stake in The Allstate Co. (NYSE:ALL) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,382 shares of the insurance provider’s stock after selling 583 shares during the quarter. Dakota Wealth Management’s holdings in Allstate were worth $2,202,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. AE Wealth Management LLC boosted its position in Allstate by 182.0% during the second quarter. AE Wealth Management LLC now owns 5,144 shares of the insurance provider’s stock worth $821,000 after purchasing an additional 3,320 shares in the last quarter. Pacer Advisors Inc. boosted its position in Allstate by 4.6% during the second quarter. Pacer Advisors Inc. now owns 18,804 shares of the insurance provider’s stock worth $3,002,000 after purchasing an additional 827 shares in the last quarter. Evergreen Capital Management LLC boosted its position in Allstate by 4.1% during the second quarter. Evergreen Capital Management LLC now owns 4,072 shares of the insurance provider’s stock worth $654,000 after purchasing an additional 162 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Allstate by 61.7% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 50,523 shares of the insurance provider’s stock worth $8,067,000 after purchasing an additional 19,280 shares in the last quarter. Finally, Caxton Associates LP boosted its position in Allstate by 320.2% during the second quarter. Caxton Associates LP now owns 11,914 shares of the insurance provider’s stock worth $1,902,000 after purchasing an additional 9,079 shares in the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

ALL stock opened at $184.63 on Friday. The business has a fifty day moving average of $195.15 and a two-hundred day moving average of $187.10. 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 stock has a market cap of $48.89 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 1.45 and a beta of 0.52. The Allstate Co. has a 52-week low of $153.42 and a 52-week high of $209.88.

Allstate (NYSE:ALL) last posted 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. The company had revenue of $16.63 billion during 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 firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.81 earnings per share. As a group, research analysts anticipate that The Allstate Co. will post 16.72 earnings per share for the current year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 annualized dividend and a yield of 1.99%. Allstate’s dividend payout ratio (DPR) is 23.83%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. BMO Capital Markets increased their price target on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Raymond James increased their target price on Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a report on Friday, October 4th. The Goldman Sachs Group increased their target price on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 15th. Jefferies Financial Group increased their target price on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, UBS Group increased their target price on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Allstate has an average rating of “Moderate Buy” and a consensus price target of $218.13.

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.