Gilliland Jeter Wealth Management LLC Trims Stock Holdings in The Allstate Co. (NYSE:ALL)

Gilliland Jeter Wealth Management LLC reduced its stake in The Allstate Co. (NYSE:ALL) by 1.4% during the fourth quarter, HoldingsChannel reports. The fund owned 8,447 shares of the insurance provider’s stock after selling 121 shares during the period. Gilliland Jeter Wealth Management LLC’s holdings in Allstate were worth $1,629,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ALL. FSA Wealth Management LLC bought a new position in shares of Allstate during the third quarter valued at $26,000. Northwest Investment Counselors LLC bought a new position in shares of Allstate in the third quarter worth about $28,000. Catalyst Capital Advisors LLC bought a new position in shares of Allstate in the third quarter worth about $29,000. Peoples Bank KS bought a new position in shares of Allstate in the fourth quarter worth about $49,000. Finally, Transamerica Financial Advisors Inc. purchased a new stake in shares of Allstate during the third quarter worth about $58,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on ALL shares. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. The Goldman Sachs Group raised their price target on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company lifted their target price on Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Jefferies Financial Group lifted their price target on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, BMO Capital Markets lifted their price target on Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $218.13.

Allstate Price Performance

ALL stock opened at $191.68 on Friday. The Allstate Co. has a 1 year low of $153.87 and a 1 year high of $209.88. 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 moving average price is $193.08 and its 200 day moving average price is $188.84. The firm has a market cap of $50.76 billion, a P/E ratio of 12.41, a PEG ratio of 1.47 and a beta of 0.52.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share 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%. On average, sell-side analysts expect 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. Stockholders of record on Friday, November 29th were issued a dividend of $0.92 per share. The ex-dividend date was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.92%. Allstate’s payout ratio is 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.