The Allstate Co. (NYSE:ALL) Shares Sold by Cohen Klingenstein LLC

Cohen Klingenstein LLC decreased its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 20.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,811 shares of the insurance provider's stock after selling 6,250 shares during the period. Cohen Klingenstein LLC's holdings in Allstate were worth $4,783,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ALL. SPC Financial Inc. raised its holdings in Allstate by 3.6% during the third quarter. SPC Financial Inc. now owns 1,564 shares of the insurance provider's stock worth $297,000 after purchasing an additional 54 shares in the last quarter. Lake Street Advisors Group LLC lifted its holdings in shares of Allstate by 1.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 3,129 shares of the insurance provider's stock valued at $596,000 after buying an additional 54 shares during the period. Abacus Planning Group Inc. boosted its stake in shares of Allstate by 2.4% in the third quarter. Abacus Planning Group Inc. now owns 2,416 shares of the insurance provider's stock valued at $458,000 after buying an additional 56 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in Allstate by 1.3% in the third quarter. Chicago Partners Investment Group LLC now owns 4,630 shares of the insurance provider's stock worth $893,000 after acquiring an additional 59 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. boosted its position in shares of Allstate by 15.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 460 shares of the insurance provider's stock worth $87,000 after purchasing an additional 60 shares in the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Trading Down 1.2 %

Allstate stock traded down $2.25 during trading on Friday, reaching $188.85. The company had a trading volume of 1,518,986 shares, compared to its average volume of 1,271,858. 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 firm has a market capitalization of $50.01 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.35 and a beta of 0.52. The Allstate Co. has a 12-month low of $150.17 and a 12-month high of $209.88. The stock's 50 day moving average price is $195.73 and its two-hundred day moving average price is $186.50.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping analysts' consensus estimates of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The business had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the prior year, the firm posted $0.81 EPS. The business's revenue for the quarter was up 14.7% on a year-over-year basis. As a group, equities analysts expect that The Allstate Co. will post 16.45 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a yield of 1.95%. Allstate's dividend payout ratio (DPR) is 23.83%.

Analysts Set New Price Targets

Several brokerages recently commented on ALL. JPMorgan Chase & Co. raised their price objective on shares of Allstate from $205.00 to $207.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Barclays reduced their price objective on Allstate from $187.00 to $183.00 and set an "underweight" rating for the company in a report on Monday, January 6th. Wells Fargo & Company upped their target price on Allstate from $186.00 to $187.00 and gave the company an "equal weight" rating in a report on Tuesday, January 14th. Evercore ISI raised Allstate from an "in-line" rating to an "outperform" rating in a research note on Wednesday, January 8th. Finally, Piper Sandler raised their target price on shares of Allstate from $206.00 to $244.00 and gave the company an "overweight" rating in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $218.13.

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.