tru Independence LLC Cuts Stock Position in The Allstate Co. (NYSE:ALL)

tru Independence LLC reduced its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,429 shares of the insurance provider's stock after selling 2,216 shares during the period. Allstate accounts for about 1.9% of tru Independence LLC's holdings, making the stock its 16th biggest holding. tru Independence LLC's holdings in Allstate were worth $6,059,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ALL. FSA Wealth Management LLC purchased a new stake in shares of Allstate during the 3rd quarter valued at approximately $26,000. Northwest Investment Counselors LLC purchased a new stake in Allstate in the third quarter valued at $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Allstate in the 3rd quarter valued at $29,000. Peoples Bank KS purchased a new position in shares of Allstate during the 4th quarter worth $49,000. Finally, Transamerica Financial Advisors Inc. acquired a new stake in shares of Allstate during the 3rd quarter worth about $58,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. The Goldman Sachs Group upped their target price on shares of Allstate from $209.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, November 15th. BMO Capital Markets boosted their price target on shares of Allstate from $205.00 to $214.00 and gave the stock an "outperform" rating in a research note on Friday, October 18th. Piper Sandler raised their price objective on shares of Allstate from $206.00 to $244.00 and gave the company an "overweight" rating in a research note on Tuesday, November 26th. Barclays cut their target price on shares of Allstate from $187.00 to $183.00 and set an "underweight" rating on the stock in a research note on Monday, January 6th. Finally, Evercore ISI raised shares of Allstate from an "in-line" rating to an "outperform" rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $218.13.

Allstate Stock Up 3.7 %

Allstate stock traded up $6.95 during mid-day trading on Monday, hitting $193.02. The company had a trading volume of 1,518,598 shares, compared to its average volume of 2,009,875. The business has a fifty day moving average of $194.70 and a 200 day moving average of $187.66. The Allstate Co. has a 1 year low of $153.42 and a 1 year high of $209.88. 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 stock has a market cap of $51.11 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 1.41 and a beta of 0.52.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The company had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the prior year, the firm posted $0.81 earnings per share. Allstate's revenue for the quarter was up 14.7% on a year-over-year basis. On average, sell-side analysts expect that The Allstate Co. will post 16.83 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were issued 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 1.91%. 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.