First Citizens Bank & Trust Co. Has $10.51 Million Holdings in The Allstate Co. (NYSE:ALL)

First Citizens Bank & Trust Co. decreased its holdings in shares of The Allstate Co. (NYSE:ALL - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,518 shares of the insurance provider's stock after selling 2,001 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in Allstate were worth $10,511,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Duncan Williams Asset Management LLC bought a new stake in shares of Allstate in the 4th quarter worth approximately $270,000. Insight Inv LLC lifted its position in shares of Allstate by 2.4% in the 4th quarter. Insight Inv LLC now owns 13,186 shares of the insurance provider's stock worth $2,553,000 after acquiring an additional 313 shares during the period. Cyndeo Wealth Partners LLC lifted its position in shares of Allstate by 7.6% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 3,214 shares of the insurance provider's stock worth $620,000 after acquiring an additional 227 shares during the period. Dynamic Advisor Solutions LLC lifted its position in shares of Allstate by 2.1% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 3,842 shares of the insurance provider's stock worth $741,000 after buying an additional 80 shares during the period. Finally, CX Institutional lifted its position in shares of Allstate by 20.2% during the 4th quarter. CX Institutional now owns 30,829 shares of the insurance provider's stock worth $5,944,000 after buying an additional 5,173 shares during the period. Institutional investors own 76.47% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on ALL. BMO Capital Markets raised their target price on Allstate from $205.00 to $214.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. JPMorgan Chase & Co. raised their target price on Allstate from $205.00 to $207.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Jefferies Financial Group raised their target price on Allstate from $231.00 to $267.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Barclays cut their target price on Allstate from $187.00 to $183.00 and set an "underweight" rating for the company in a research report on Monday, January 6th. Finally, Evercore ISI raised Allstate from an "in-line" rating to an "outperform" rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Allstate presently has an average rating of "Moderate Buy" and an average target price of $218.13.

Allstate Stock Up 0.7 %

Shares of NYSE:ALL traded up $1.31 during midday trading on Friday, reaching $185.97. The company had a trading volume of 1,215,509 shares, compared to its average volume of 1,532,021. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43. The business's 50 day moving average price is $194.70 and its 200 day moving average price is $187.47. The stock has a market cap of $49.25 billion, a PE ratio of 12.04, a P/E/G ratio of 1.41 and a beta of 0.52. The Allstate Co. has a 1-year low of $153.42 and a 1-year high of $209.88.

Allstate (NYSE:ALL - Get Free Report) last released its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.20 by $1.71. The business 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%. Allstate's quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 earnings per share. Research analysts forecast that The Allstate Co. will post 16.83 EPS for the current fiscal year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend was Friday, November 29th. Allstate's dividend payout ratio is currently 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.