Alan B Lancz & Associates Inc. Has $771,000 Position in The Allstate Co. (NYSE:ALL)

Alan B Lancz & Associates Inc. lessened its holdings in shares of The Allstate Co. (NYSE:ALL) by 7.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,000 shares of the insurance provider’s stock after selling 300 shares during the period. Allstate accounts for 0.8% of Alan B Lancz & Associates Inc.’s portfolio, making the stock its 29th largest position. Alan B Lancz & Associates Inc.’s holdings in Allstate were worth $771,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ALL. FSA Wealth Management LLC acquired a new stake in shares of Allstate during the third quarter worth $26,000. Northwest Investment Counselors LLC acquired a new position in shares of Allstate during the 3rd quarter worth about $28,000. Catalyst Capital Advisors LLC bought a new stake in shares of Allstate in the 3rd quarter valued at about $29,000. Peoples Bank KS acquired a new stake in shares of Allstate in the 4th quarter valued at approximately $49,000. Finally, Transamerica Financial Advisors Inc. bought a new position in Allstate during the 3rd quarter worth approximately $58,000. Institutional investors own 76.47% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on ALL shares. Jefferies Financial Group upped their target price on shares of Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group boosted their target price on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Keefe, Bruyette & Woods raised their price target on Allstate from $235.00 to $243.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Finally, Barclays decreased their price objective on Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research report on Monday, January 6th. One equities 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $218.13.

Allstate Stock Up 0.7 %

Shares of ALL opened at $185.97 on Friday. The firm’s 50-day simple moving average is $194.70 and its 200 day simple moving average is $187.27. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market cap of $49.25 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 1.41 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 announced its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. The company had revenue of $16.63 billion for the quarter, compared to analyst estimates 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 company earned $0.81 earnings per share. On average, analysts forecast that The Allstate Co. will post 16.83 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. Stockholders of record on Friday, November 29th were given a $0.92 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.98%. Allstate’s payout ratio is presently 23.83%.

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.