Mayfair Advisory Group LLC Decreases Stake in The Allstate Co. (NYSE:ALL)

Mayfair Advisory Group LLC cut its stake in shares of The Allstate Co. (NYSE:ALL) by 18.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,426 shares of the insurance provider’s stock after selling 320 shares during the quarter. Mayfair Advisory Group LLC’s holdings in Allstate were worth $275,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ALL. 180 Wealth Advisors LLC raised its stake in shares of Allstate by 64.0% in the fourth quarter. 180 Wealth Advisors LLC now owns 3,377 shares of the insurance provider’s stock worth $651,000 after purchasing an additional 1,318 shares during the last quarter. AdvisorNet Financial Inc raised its position in Allstate by 7.5% during the 4th quarter. AdvisorNet Financial Inc now owns 5,759 shares of the insurance provider’s stock worth $1,110,000 after buying an additional 400 shares during the last quarter. Peddock Capital Advisors LLC lifted its stake in Allstate by 0.4% during the 4th quarter. Peddock Capital Advisors LLC now owns 16,334 shares of the insurance provider’s stock valued at $3,149,000 after acquiring an additional 73 shares during the period. Miracle Mile Advisors LLC boosted its holdings in shares of Allstate by 10.6% in the 4th quarter. Miracle Mile Advisors LLC now owns 3,714 shares of the insurance provider’s stock valued at $716,000 after acquiring an additional 355 shares during the last quarter. Finally, Wedmont Private Capital increased its stake in shares of Allstate by 19.1% in the fourth quarter. Wedmont Private Capital now owns 5,337 shares of the insurance provider’s stock worth $966,000 after acquiring an additional 856 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Bank of America boosted their target price on shares of Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research report on Friday, October 18th. UBS Group lifted their price objective on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods lifted 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. Finally, The Goldman Sachs Group upped their price objective on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $218.13.

Allstate Price Performance

Allstate stock opened at $186.87 on Wednesday. The company has a fifty day simple moving average of $195.89 and a 200-day simple moving average of $186.07. 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 $49.48 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 1.70 and a beta of 0.52. The Allstate Co. has a 52-week low of $150.17 and a 52-week high of $209.88.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, topping 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 analyst estimates of $14.57 billion. During the same period last year, the company posted $0.81 EPS. The business’s revenue was up 14.7% on a year-over-year basis. On average, equities analysts anticipate that The Allstate Co. will post 16.26 EPS for the current fiscal year.

Allstate Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were issued a dividend of $0.92 per share. The ex-dividend date was Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.97%. Allstate’s dividend payout ratio is presently 23.83%.

About Allstate

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.