The Allstate Co. (NYSE:ALL) Shares Sold by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft decreased its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 77.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,248 shares of the insurance provider's stock after selling 4,258 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in Allstate were worth $241,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ALL. FSA Wealth Management LLC acquired a new stake in Allstate during the 3rd quarter valued at approximately $26,000. Northwest Investment Counselors LLC purchased a new position in shares of Allstate during the third quarter worth $28,000. Catalyst Capital Advisors LLC acquired a new position in Allstate during the third quarter valued at $29,000. Peoples Bank KS purchased a new stake in Allstate in the fourth quarter valued at $49,000. Finally, Transamerica Financial Advisors Inc. acquired a new stake in Allstate during the 3rd quarter worth about $58,000. Hedge funds and other institutional investors own 76.47% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ALL shares. Bank of America boosted their price objective on Allstate from $216.00 to $233.00 and gave the company a "buy" rating in a report on Friday, October 18th. Evercore ISI raised Allstate from an "in-line" rating to an "outperform" rating in a report on Wednesday, January 8th. Jefferies Financial Group raised their price objective on shares of Allstate from $231.00 to $267.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. BMO Capital Markets boosted their target price on shares of Allstate from $205.00 to $214.00 and gave the company an "outperform" rating in a research note on Friday, October 18th. Finally, Piper Sandler increased their price target on shares of Allstate from $206.00 to $244.00 and gave the stock an "overweight" rating in a report on Tuesday, November 26th. One research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $218.13.

Allstate Price Performance

Allstate stock opened at $193.80 on Friday. The company has a fifty day simple moving average of $194.33 and a 200-day simple moving average of $188.10. 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 firm has a market capitalization of $51.32 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 1.41 and a beta of 0.52. The Allstate Co. has a 52-week low of $153.42 and a 52-week high of $209.88.

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, beating analysts' consensus estimates of $2.20 by $1.71. The company had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. Allstate's quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 EPS. On average, equities analysts anticipate that The Allstate Co. will post 16.83 EPS for the current fiscal year.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were given 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 yield of 1.90%. 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.

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