The Allstate Co. (NYSE:ALL) Shares Sold by Stratos Investment Management LLC

Stratos Investment Management LLC decreased its holdings in shares of The Allstate Co. (NYSE:ALL) by 9.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,114 shares of the insurance provider’s stock after selling 341 shares during the quarter. Stratos Investment Management LLC’s holdings in Allstate were worth $600,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. State Street Corp boosted its holdings in shares of 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 purchasing an additional 126,922 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Allstate by 1.2% in the third quarter. Geode Capital Management LLC now owns 6,228,581 shares of the insurance provider’s stock valued at $1,178,164,000 after acquiring an additional 74,537 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Allstate by 18.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider’s stock valued at $569,114,000 after acquiring an additional 472,040 shares during the last quarter. Raymond James & Associates boosted its holdings in Allstate by 10.6% in the third quarter. Raymond James & Associates now owns 1,517,800 shares of the insurance provider’s stock valued at $287,851,000 after acquiring an additional 145,986 shares during the last quarter. Finally, Pathway Financial Advisers LLC boosted its holdings in Allstate by 18,472.5% in the third quarter. Pathway Financial Advisers LLC now owns 1,052,687 shares of the insurance provider’s stock valued at $199,642,000 after acquiring an additional 1,047,019 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Up 1.1 %

Shares of NYSE ALL opened at $192.92 on Thursday. The Allstate Co. has a 1 year low of $153.87 and a 1 year high of $209.88. The firm has a market cap of $51.09 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 1.47 and a beta of 0.52. 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 stock’s 50-day simple moving average is $193.38 and its 200-day simple moving average is $188.81.

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

Allstate Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Barclays reduced their target price on Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a report on Monday, January 6th. Piper Sandler lifted their target price on Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Morgan Stanley boosted their price objective on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Keefe, Bruyette & Woods boosted their price objective on Allstate from $235.00 to $243.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $218.13.

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.