Sawyer & Company Inc Sells 2,140 Shares of The Allstate Co. (NYSE:ALL)

Sawyer & Company Inc cut its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,801 shares of the insurance provider's stock after selling 2,140 shares during the quarter. Sawyer & Company Inc's holdings in Allstate were worth $2,661,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. SPC Financial Inc. increased its holdings in Allstate by 3.6% in the 3rd quarter. SPC Financial Inc. now owns 1,564 shares of the insurance provider's stock valued at $297,000 after purchasing an additional 54 shares in the last quarter. Lake Street Advisors Group LLC lifted its stake in shares of Allstate by 1.8% in the third quarter. Lake Street Advisors Group LLC now owns 3,129 shares of the insurance provider's stock worth $596,000 after acquiring an additional 54 shares in the last quarter. Abacus Planning Group Inc. boosted its holdings in 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 purchasing an additional 56 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings 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 valued at $893,000 after purchasing an additional 59 shares during the last quarter. Finally, Carmichael Hill & Associates Inc. increased its holdings in 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 during the last quarter. Hedge funds and other institutional investors own 76.47% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Evercore ISI upgraded shares of Allstate from an "in-line" rating to an "outperform" rating in a research note on Wednesday, January 8th. Jefferies Financial Group upped their target price on shares of Allstate from $231.00 to $267.00 and gave the company a "buy" rating in a research note on Friday, November 8th. BMO Capital Markets lifted their price target on Allstate from $205.00 to $214.00 and gave the stock an "outperform" rating in a research note on Friday, October 18th. Raymond James upped their price objective on Allstate from $205.00 to $220.00 and gave the company a "strong-buy" rating in a research note on Friday, October 4th. Finally, Keefe, Bruyette & Woods upped their price target on Allstate from $235.00 to $243.00 and gave the company an "outperform" rating in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $218.13.

Allstate Stock Up 2.0 %

NYSE ALL traded up $3.75 on Thursday, reaching $191.78. The stock had a trading volume of 535,215 shares, compared to its average volume of 2,121,962. The company has a market capitalization of $50.78 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 1.35 and a beta of 0.52. 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 1 year low of $150.17 and a 1 year high of $209.88. The business has a 50 day moving average price of $195.89 and a 200 day moving average price of $186.07.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, beating 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 business had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter last year, the firm earned $0.81 EPS. Allstate's revenue for the quarter was up 14.7% on a year-over-year basis. On average, analysts forecast that The Allstate Co. will post 16.45 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were paid a $0.92 dividend. The ex-dividend date was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.92%. Allstate's 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.