Baader Bank Aktiengesellschaft Lowers Stock Position in The Allstate Co. (NYSE:ALL)

Baader Bank Aktiengesellschaft trimmed its stake in The Allstate Co. (NYSE:ALL) by 77.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,248 shares of the insurance provider’s stock after selling 4,258 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Allstate were worth $241,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ALL. Wells Fargo & Company boosted their price target on shares of Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. upped their target price on shares of Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Bank of America raised their price target on shares of Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group lifted 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $218.13.

Allstate Price Performance

Shares of NYSE ALL opened at $193.80 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43. The stock has a market cap of $51.32 billion, a P/E ratio of 12.55, a P/E/G ratio of 1.41 and a beta of 0.52. The stock has a 50 day moving average of $194.33 and a two-hundred day moving average of $188.10. The Allstate Co. has a twelve month low of $153.42 and a twelve month high of $209.88.

Allstate (NYSE:ALL) last issued its quarterly 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. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The firm had revenue of $16.63 billion during the quarter, compared to analysts’ expectations of $14.57 billion. During the same quarter in the prior year, the business earned $0.81 EPS. Allstate’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, research analysts forecast that The Allstate Co. will post 16.83 earnings per share for the current year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s dividend payout ratio is currently 23.83%.

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.