Burney Co. Sells 43,329 Shares of The Allstate Co. (NYSE:ALL)

Burney Co. reduced its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 56.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,923 shares of the insurance provider's stock after selling 43,329 shares during the period. Burney Co.'s holdings in Allstate were worth $6,540,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its position in shares of Allstate by 1.1% in 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 raised its position in shares of Allstate by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 6,228,581 shares of the insurance provider's stock valued at $1,178,164,000 after buying an additional 74,537 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Allstate by 18.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider's stock valued at $569,114,000 after buying an additional 472,040 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Allstate by 10.6% during the 3rd quarter. Raymond James & Associates now owns 1,517,800 shares of the insurance provider's stock worth $287,851,000 after acquiring an additional 145,986 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Allstate by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,437,688 shares of the insurance provider's stock worth $229,545,000 after acquiring an additional 47,038 shares in the last quarter. Institutional investors own 76.47% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Barclays dropped their price target on Allstate from $187.00 to $183.00 and set an "underweight" rating for the company in a research note on Monday, January 6th. UBS Group boosted their target price on Allstate from $216.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Keefe, Bruyette & Woods increased their price target on shares of Allstate from $235.00 to $243.00 and gave the company an "outperform" rating in a research report on Friday, January 10th. Morgan Stanley lifted their price target on shares of Allstate from $220.00 to $228.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Finally, Bank of America upped their price objective on shares of Allstate from $216.00 to $233.00 and gave the company a "buy" rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, one has issued 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 company has an average rating of "Moderate Buy" and a consensus price target of $218.13.

Allstate Stock Up 1.0 %

Shares of Allstate stock opened at $188.77 on Wednesday. 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 Allstate Co. has a 12-month low of $150.17 and a 12-month high of $209.88. The company has a market cap of $49.99 billion, a P/E ratio of 12.23, a PEG ratio of 1.70 and a beta of 0.52. The company's fifty day simple moving average is $195.89 and its two-hundred day simple moving average is $186.07.

Allstate (NYSE:ALL - Get Free Report) last posted 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 firm had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The business's revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.81 EPS. Research analysts anticipate that The Allstate Co. will post 16.26 EPS for the current year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were given a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Friday, November 29th. Allstate's dividend payout ratio is presently 23.83%.

Allstate 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.

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