St. Johns Investment Management Company LLC Sells 251 Shares of The Allstate Co. (NYSE:ALL)

St. Johns Investment Management Company LLC trimmed its position in shares of The Allstate Co. (NYSE:ALL) by 6.0% in the fourth quarter, Holdings Channel reports. The fund owned 3,932 shares of the insurance provider’s stock after selling 251 shares during the quarter. St. Johns Investment Management Company LLC’s holdings in Allstate were worth $758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp grew its holdings in Allstate by 1.1% in the 3rd quarter. State Street Corp now owns 11,496,306 shares of the insurance provider’s stock valued at $2,190,758,000 after buying an additional 126,922 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Allstate by 1.2% in the third quarter. Geode Capital Management LLC now owns 6,228,581 shares of the insurance provider’s stock valued at $1,178,164,000 after acquiring an additional 74,537 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Allstate by 18.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider’s stock worth $569,114,000 after acquiring an additional 472,040 shares during the last quarter. Raymond James & Associates increased its position in Allstate by 10.6% during the third quarter. Raymond James & Associates now owns 1,517,800 shares of the insurance provider’s stock worth $287,851,000 after acquiring an additional 145,986 shares during the period. Finally, Pathway Financial Advisers LLC raised its stake in Allstate by 18,472.5% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,052,687 shares of the insurance provider’s stock valued at $199,642,000 after purchasing an additional 1,047,019 shares during the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Price Performance

Shares of Allstate stock opened at $184.63 on Friday. The Allstate Co. has a 1-year low of $153.42 and a 1-year high of $209.88. The firm’s 50-day moving average price is $195.15 and its two-hundred day moving average price is $187.10. 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 stock has a market capitalization of $48.89 billion, a price-to-earnings ratio of 11.96, a P/E/G ratio of 1.41 and a beta of 0.52.

Allstate (NYSE:ALL) 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. The firm had revenue of $16.63 billion during the quarter, compared to analysts’ expectations of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The business’s revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm posted $0.81 EPS. On average, equities analysts predict that The Allstate Co. will post 16.83 earnings per share for the current fiscal year.

Allstate Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors 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 1.99%. Allstate’s dividend payout ratio is 23.83%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. BMO Capital Markets boosted their price objective on shares of Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Jefferies Financial Group upped their price target on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a report on Friday, November 8th. Keefe, Bruyette & Woods lifted their price objective on Allstate from $235.00 to $243.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. 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. Finally, Wells Fargo & Company raised their target price on Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $218.13.

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.