Graypoint LLC Cuts Holdings in The Allstate Co. (NYSE:ALL)

Graypoint LLC lowered its holdings in The Allstate Co. (NYSE:ALL) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,380 shares of the insurance provider’s stock after selling 454 shares during the quarter. Graypoint LLC’s holdings in Allstate were worth $2,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Allstate Trading Down 5.6 %

Shares of NYSE ALL traded down $10.68 during mid-day trading on Friday, reaching $181.12. The company had a trading volume of 4,639,914 shares, compared to its average volume of 2,512,677. The stock has a market cap of $47.96 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 1.70 and a beta of 0.52. The Allstate Co. has a 52 week low of $148.23 and a 52 week high of $209.88. The business’s 50-day moving average is $195.91 and its 200-day moving average is $185.23. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping 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 net margin of 6.77% and a return on equity of 26.67%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 EPS. Equities analysts expect that The Allstate Co. will post 16.26 earnings per share for the current year.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s payout ratio is 23.83%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. The Goldman Sachs Group boosted their price objective on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Jefferies Financial Group boosted their target price on shares of Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Raymond James lifted their price target on shares of Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a report on Friday, October 4th. UBS Group increased their price objective on shares of Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. boosted 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. One investment 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 company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $218.06.

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.